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EUR/USD Trade Idea

Oct 07, 2016 13:13 pm UTC| Technicals

Major support 1.10600 (trend line joining 1.09115 and 1.09519). Major resistance- 1.1160 (200- day MA). The pair has broken major support 1.1120 and declined till 1.11042 from that level. It is currently trading...

FxWirePro: USD/CAD trades higher, good to buy on dips

Oct 07, 2016 11:41 am UTC| Technicals

Major resistance 1.32809. Major support -1.3160 (55- day EMA). Lonnie has recovered sharply after making temporary bottom at 1.31609 and breaks major resistance 1.32809. It is currently trading around...

FxWirePro: EUR/USD faces strong trend line support at 1.1060, good to buy on dips

Oct 07, 2016 09:47 am UTC| Technicals

Major support 1.10600 (trend line joining 1.09115 and 1.09519). Major resistance- 1.1160 (200- day MA). The pair has broken major support 1.1120 and declined till 1.11042 from that level. It is currently trading...

FxWirePro: S&P500 faces strong resistance at 2180, good to sell on rallies

Oct 07, 2016 07:40 am UTC| Technicals

Major Intraday resistance- 2166 (trend line joining 2179.90 and 2173.60). Major support 2135 (61.8% retracement of 2108 and 2179.90). ​ The index is trading between 2165 and 2142 for the past two trading session....

FxWirePro: EUR/SEK exhibits range bound market movement, bias remains neutral

Oct 07, 2016 07:29 am UTC| Technicals

EUR/SEK is currently trading around 9.6244 levels. It made intraday high at 9.6276 and low at 9.6099 levels. Intraday bias remains neutral till the time pair holds key resistance at 9.6346 levels. A daily...

FxWirePro: USD/JPY edges higher from session lows at 103.53, focus of U.S. NFP data

Oct 07, 2016 06:46 am UTC| Technicals

British Pound flash crash saw panic across markets and boosted the safe-haven Yen demand. USD/JPY fell to session lows at 103.53, but has since pared losses and is inching back towards 104.00 handle. NFP data...

FxWirePro: EUR/AUD forms Gravestone Doji pattern, good to sell on rallies

Oct 07, 2016 06:37 am UTC| Technicals

Pattern formed- Gravestone Doji ​ Major resistance- 1.4780 EUR/AUD has formed Gravestone Doji candlestick pattern on the daily chart. It is facing strong resistance around 1.2780 and any break above confirms...

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