FxWirePro: Gold faces strong support near $1115, good to buy at dips

Sep 09, 2015 11:15 am UTC| Technicals

Gold has declined till $1116 after making a low of $1147. It is currently trading at $1122. Overall trend is still bullish as long as support $1115 holds. On the downside major support is around $1115 and break below...

FxWirePro: Hanging man confirmed on GBP/JPY - PRBS for long term hedging

Sep 09, 2015 10:30 am UTC| Technicals

On monthly chart, the formation of hanging man pattern candle on peaks of uptrend at around 193.456 levels. This hanging man followed by two long real body red candles would reveal a medium term downtrend direction.Overall...

AUD/JPY trade idea

Sep 09, 2015 10:26 am UTC| Technicals

AUD/JPY recovers after making a low of 82.11 and has made a high of 85.125. it is currently trading at 85.02. Intraday weakness can be seen only below 84.50 and any break below targets 84/83.25 in short term. On the...

FxWirePro: USD/CHF faces strong resistance at 0.9835, good to buy at dips

Sep 09, 2015 10:04 am UTC| Technicals

USD/CHF has retreated till 0.9775 at the time of writing after making a high of 0.98237. Overall trend is still bullish as long as channel support 0.9720 holds. Any break below 0.9720 will drag the pair further down till...

FxWirePro: UK manufacturing activity, trade balance missed forecasts but Japan’s consumer confidence to boost Yen against Pounds

Sep 09, 2015 08:54 am UTC| Technicals

U.K. has released its manufacturing production data which is quite disappointing at -0.8% while forecasts were at positive 0.2% dampening optimism over the countrys economic outlook.In addition to that U.Ks trade deficit...

FxWirePro: GBP/AUD lingering trendline – credit put spread for swing trading

Sep 09, 2015 08:26 am UTC| Technicals

Currently GBPAUD is holding trendline at 2.1836 on weekly graph, although RSI has reached overbought region but signals indecision about direction and there was no substantiation by other indicators also. We believe GBPAUD...

FxWirePro: Rand extends gains, fading likelihood of a Fed hike next week boosted emerging markets

Sep 09, 2015 07:49 am UTC| Technicals

South Africas rand clawed back more ground against the dollar on Wednesday, pushing USD/ZAR lower Fading likelihood of a U.S. interest rate hike next week boosted emerging markets, supporting ZAR The rand is currently...