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FxWirePro: Loonie forms Bearish BAT pattern, good to sell on rallies

Oct 13, 2015 03:45 am UTC| Technicals

Harmonic Pattern formed - Bearish BAT patternPotential Reversal Zone (PRZ) -1.3087 Any break above 1.3087 will take the pair to next target 1.3135/1.3180. On the downside minor support is around 1.3025 and break below...

FxWirePro: Sell GBP/JPY on rallies around 183.50-55 with SL around 184.10 for the TP of 183/182.50

Oct 13, 2015 03:07 am UTC| Technicals

GBP/JPY has made a high of 184.69 and declined from that level. It is currently trading at 183.46 The pair has broken short term trend line support 183.90 (trend line joining 181.96 and 183) and which confirms short term...

Aussie forms bearish Gartley pattern, good to sell on rallies

Oct 13, 2015 02:53 am UTC| Technicals

Harmonic pattern formed - bearish Gartley patternPotential Reversal Zone -0.7380. Any break above 0.7380 will take the pair to 0.7405/0.7440. On the lower side minor support is around 0.7270 and any break below...

FxWirePro: GBP/USD key support at 1.5275, bullish extension till 1.5430 likely

Oct 12, 2015 14:59 pm UTC| Technicals

The cable has slipped back after failing to break resistance level at 1.5377 and is moving downwards to test interim support level at 1.5300. The support level around 1.5300 is likely to block further weakness and a and...

FxWirePro: USD/JPY key support at 119.80, bullish in the short term

Oct 12, 2015 14:19 pm UTC| Technicals

USD/JPY pair has made a short pullback to hit daily lows at 120.05 during early US session, after sellers stepped in. However, the decline should be limited around 119.80 as the support level at 119.55 levels is set to...

FxWirePro: EUR/USD key support at 1.1315, buy deals are recommended above 1.1320

Oct 12, 2015 13:18 pm UTC| Technicals

EUR /USD pair made short squeeze against US dollar to high at 1.1398 during mid-European hours, after buyers stepped in for a short period of time. However, the gains were limited and the pair fell back towards 1.1363...

FxWirePro: USD/CAD key resistance at 1.3020, bearish in the short term

Oct 12, 2015 12:16 pm UTC| Technicals

Canadian dollar has conceded some gains against US dollar on Monday, as the pair has rebounded after hitting 38.2 fib retracement level at 1. intraday trend remains bearish for the pair as the oil co-related Canadian...

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