FxWirePro: USD/JPY faces short term support at 119.20, good to buy at dips
Sep 02, 2015 03:34 am UTC| Technicals
USD/JPY has recovered after making a low of 119.21 and is currently trading at 119.96. The pairs major intraday resistance is around 120.60 (Support turned into resistance and also 200 day HMA). It has formed double...
FxWirePro: EUR/USD key resistance at 1.1220, buy deals are recommended around 1.1220
Sep 01, 2015 14:16 pm UTC| Technicals
The Euro has consolidate above 38.2 fib levels at 1.1220, and is moving to test next résistance levels at 1. pair has started to show some bullish momentum after weak ISM manufacturing data released from US market,...
FxWirePro: USD/CAD key support at 1.3104, upside prevails in the short term
Sep 01, 2015 13:15 pm UTC| Technicals
USD/CAD has rebounded after hitting minor support level at 1.3115, after the currency pair fell sharply after positive Canadian GDP figures was released. Strong résistance located at 1.3104 is set to block any...
Sep 01, 2015 13:14 pm UTC| Technicals
Technical glance: Currently the pair was not able to sustain its 11 years highs of 1.3352 levels and has breached trendline support at 1.3232 levels; if we have to compare the same with weekly plotting then we arrive...
FxWirePro: EUR/SEK rejected at day's high 9.5439, momentum negative
Sep 01, 2015 12:30 pm UTC| Technicals
EUR/SEK tested daily peaks beyond the 9.5400 handle after Sweden final manufacturing PMI for the month of August came in on the softer side. Daily momentum is negative, highlighting the overall bearish bias, price...
FxWirePro: USD/JPY key resistance level at 120.30, sell deal are recommended around 120.10
Sep 01, 2015 12:28 pm UTC| Technicals
USD/JPY slipped downwards sharply after it failed to close above resistance level at 121.32. The resistance level at 120.59 is set to act as strong barrier to bulls, dampening further bullish momentum in the short term....
FxWirePro: GBP/USD approaching resistance at 1.5351, bearish in the short term
Sep 01, 2015 12:03 pm UTC| Technicals
The cable slipped downwards in the European session after it failed to break resistance level at 1. the release of UK Manufacturing PMI which printed negative figures, more bearish pressure was applied, as a result the...