API reports deficit, while WTI awaits EIA report – calls updated
Oct 07, 2015 13:27 pm UTC| Technicals
Crude oil (WTI) has broken above its triangular consolidation suggesting further rise. Key factors at play in Crude market Crude oil production is declining for high cost producers, such as shale gas but still not...
FxWirePro: USD/CHF key support at 0.9647, upside prevails in the short term
Oct 07, 2015 13:15 pm UTC| Technicals
The USD/CHF has slipped back towards 0.9652 levels, after failing to break above 0.9686 levels. The pair has been trading in a narrow range off late, and a strong rebound is expected to take place sooner or later around...
FxWirePro: EUR/USD key support at 1.1234, bullish in the short term
Oct 07, 2015 12:54 pm UTC| Technicals
EUR /USD pair slipped to lower levels in early European session after German industrial output posted its steepest drop in the year. However, the pair managed to recover after hitting strong support level at 1.1234 and is...
FxWirePro: EUR/USD key support at 1.1234, bullish in the short term
Oct 07, 2015 12:54 pm UTC| Technicals
EUR /USD pair slipped to lower levels in early European session after German industrial output posted its steepest drop in the year. However, the pair managed to recover after hitting strong support level at 1.1234 and is...
AUD/JPY trades well above 85 level, jump till 87.20 is possible
Oct 07, 2015 12:49 pm UTC| Technicals
AUD/JPY has broken major resistance around 85.50 and jumped till 86.37 from that level. Intraday weakness can be seen only below 85.70. Any break below 85.70 will drag the pair further down till...
Oct 07, 2015 12:46 pm UTC| Technicals
We could foresee the bulls taking halt at this point, this has been confirmed with a hanging man candle formation on weekly chart at 1.3219. Hanging man at peaks of the uptrend is a bearish signal but there has to be...
EUR/USD faces major trend line resistance at 1.1276, break above targets 1.1370
Oct 07, 2015 12:27 pm UTC| Technicals
EUR/USD is facing major trend line resistance at 1.12760 (trend line joining 1.14592 and 1.13180) and break above confirms short term bullishness, a jump till 1.1340/1.1370 is possible . On the downside major support...