FxWirePro: Yen ignores poor Japan data, remains bid against USD on falling Japanese stocks
Oct 08, 2015 05:41 am UTC| Technicals
USD/JPY is extending the bearish momentum for the third straight session, falling Japanese stocks trigger fresh demand for the yen Nikkei drops -0.64 to 18,204, markets also wary as they await re-opening of the Chinese...
USD/JPY faces minor support at 119.75, break below targets 119.20
Oct 08, 2015 05:30 am UTC| Technicals
Pattern formed - Descending triangle USD/JPY is facing minor support at 119.75 and any break below will drag the pair further down till 119.20/118.60 in short term. Intraday bullishness can be seen only above 120.25...
FxWirePro: AUD/USD struggles to hold above the 0.72 handle, good to sell rallies
Oct 08, 2015 05:06 am UTC| Technicals
The Aussie edged lower from multi-week highs reached on Wednesday as USD remains broadly stronger on improved risk appetite AUD/USD stood at 0.7173, having slipped back below the 0.72 handle, strong resistance is found at...
Yen appreciated against major peers after economic data
Oct 08, 2015 04:49 am UTC| Technicals
Pair trades -0.08% at 190.91, having tested weekly lows near 119.83 levels. USD/JPY remains little affected by the poor datasets from Japan released earlier on the day. Core machine orders dropped 3.5%, below...
Aussie faces strong trendline support at 0.717,break below targets 0.71
Oct 08, 2015 03:38 am UTC| Technicals
AUD/USD has made a high of 0.7234 on Yesterday and started to retreat from that level. It is currently trading at 0.7193 Aussie is facing minor trend line support around 0.7170 and any break below targets 0.7100/0.7060 in...
FxWirePro: GBP/USD key support at 1.5240, bullish in the short term
Oct 07, 2015 14:49 pm UTC| Technicals
GBP/USD surged strongly in European session after UK manufacturing production printed better than expected figures. The cable is currently trading around 1.5300 levels with overbought condition and a pullback towards...
FxWirePro: USD/CAD key résistance at 1.3134, sell deals are recommended below 1.3000
Oct 07, 2015 14:00 pm UTC| Technicals
USD/CAD has slipped back towards 1.2991 levels, after failing to hold above1.3134 levels, Currently the pair is testing support level at 1.2987. A break below will unleash a strong bearish momentum towards 1.2940...