FxWirePro: Shooting star on AUD/USD – BPS for hedging
Sep 22, 2015 06:14 am UTC| Technicals
On daily charts, shooting star patterns are found on rallies at peaks. The pair began showing the importance of shooting star occurred at 0.7182 levels by dropping its prices, despite serious doji patterns have occurred on...
FxWirePro: GBP/AUD consolidates in narrow range, good to sell on rallies
Sep 22, 2015 06:08 am UTC| Technicals
GBP/AUD has made a high of 2.2108 and declined till 2.1350 from that level. It is currently trading at 2.152 The pairs minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pairs...
FxWirePro: EUR/USD largely rangebound ahead of European open, dovish ECB expectations weigh
Sep 22, 2015 05:36 am UTC| Technicals
EUR/USD is currently trading at 1.1192, largely rangebound in quiet Asian Session and as Japan holiday continues. The pair idles just above 1.1200, with days high at 1.1206 and lows at 1.1183 Short-term bias...
FxWirePro: USD/JPY forms bearish butterfly pattern, good to buy at dips
Sep 22, 2015 05:35 am UTC| Technicals
Harmonic pattern formed: Bearish Butterfly pattern Potential Reversal Zone (PRZ)-122.60 USD/JPY has recovered till 120.65 after making a low of 119.71 yesterday. It is currently trading at 120.49. Short term...
FxWirePro: AUD/USD rally stalls shy of 0.7150, strong support at 0.7112 (daily Tenkan)
Sep 22, 2015 05:15 am UTC| Technicals
AUD/USD extended gains the mid-Asian session, as the Aussie received fresh impetus from better than expected Australias housing data Australia House prices beat expectations in Q2, were up 4.7% on quarter, beating...
EUR/USD forms bullish cypher pattern, good to buy at dips
Sep 22, 2015 03:34 am UTC| Technicals
Harmonic Pattern formed:Bullish cypher patternPotential reversal Zone (PRZ)- 1.1460 EUR/USD has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200 Any further weakness...
FxWirePro: USD/JPY key support at 120.20, buy deals are recommended around 120.20
Sep 21, 2015 16:48 pm UTC| Technicals
>USD/JPY has slipped back after hitting session high at 120.66 and is approaching to test support level located at 120.20. The support level at 120.20 is likely to act as strong barrier to the bears and bring a rebound...