FxWirePro: BTC/USD faces strong resistance around 200 day MA, good to buy at dips
Sep 29, 2015 09:17 am UTC| Technicals
BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 holds. The major resistance is around...
FxWirePro: Buy GBP/JPY at dips around 182.25-30 with SL around 181.40 for the TP of 184/184.40
Sep 29, 2015 08:57 am UTC| Technicals
GBP/JPY has broken trend line resistance 182.25 and this confirms short term bullishness , a jump till 184.40 cannot be ruled out. Short term weakness can be seen only below 181.40 and break below targets...
FxWirePro: EUR/GBP rally stalls at 0.7436, good to go short
Sep 29, 2015 07:33 am UTC| Technicals
EUR/GBP rallied to 0.7435 on GBP weakness, last time cross traded at these levels was May Daily slow stochs are now closing in on overbought levels which could limit further gains EUR/GBP is currently trading at 0.7415 ,...
FxWirePro: EUR/USD forms bearish BAT pattern, good to sell on rallies
Sep 29, 2015 07:21 am UTC| Technicals
Harmonic Pattern formed: Bearish BAT Pattern Potential reversal Zone (PRZ)- 1.12750 EUR/USD has made a high of 1.12812 today and is currently trading at 1.12680 level. Overall trend is still weak as long as resistance...
FxWirePro: USD/JPY weakness likely to extend into the European session
Sep 29, 2015 06:51 am UTC| Technicals
USD/JPY knocked-off to fresh session lows ahead of Europe open, as more JPY bought back on major risk averse markets USD/JPY weakness likely to extend into the European session, cloud has thinned out, making the upside...
FxWirePro: USD/INR trades weaker after RBI rate cut, good to sell on rallies
Sep 29, 2015 06:44 am UTC| Technicals
USD/INR has made a high of 66.45 today morning and retreated from that level after RBI cuts repo rate by 50 bpbs in RBI policy meeting today. RBI cut repo rate by 50bpbs to 6.75% and kept the Cash reserve ratio (CRR)...
FxWirePro: NZD/JPY put ladder on extended bear trend
Sep 29, 2015 06:30 am UTC| Technicals
On daily charts moving averages are signifying some stress which could push the prices downwards in short term. While weekly and monthly both leading and lagging indicators to chase these slumps. We think this pair is...