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EUR/USD trades well above 1.1200 level, jump till 1.1360 likely

Oct 03, 2016 11:29 am UTC| Technicals

Major resistance 1.12680 (trend line joining 1.163 and 1.13660). Major support 1.1180 (100- day MA). The pair has taken support at 200- day MA and jumped from the level. It has jumped till 1.12507 level and is...

FxWirePro: USD/TRY forms gravestone but don’t be bear trapped as no proper substantiation from leading and lagging indicators

Oct 03, 2016 11:06 am UTC| Technicals

Technical glimpse: From thelast couple of weeks, we kept urging for upside targets both fundamentally as well as technically (please refer to the below weblink for our previous write-ups): The pair has now formed a...

FxWirePro: FTSE100 trades slightly above major resistance, good to buy on dips

Oct 03, 2016 09:29 am UTC| Technicals

Major resistance- 6956 (Aug 15th 2016 high). Major support 6793 (daily Kijun-Sen). The index has once again recovered sharply from the low of 6809 made on Friday. It has also broken the major resistance 6956 the...

FxWirePro: EUR/NOK hits fresh 15-month low at 8.9297, consistent break below targets 9.9178

Oct 03, 2016 08:25 am UTC| Technicals

EUR/NOK is currently trading at 8.9517 levels. It made intraday high at 8.9888 and low at 8.9466 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.0461 marks. A sustained...

FxWirePro: Turkish lira falls after lower than expected CPI data

Oct 03, 2016 07:17 am UTC| Technicals

USD/TRY is currently trading at 3.0075 levels. It made intraday high at 3.0087 and low at 2.9988 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 2.9932...

FxWirePro: GBP/USD trades lower on Theresa May signals Hard Brexit, good to sell on rallies

Oct 03, 2016 07:17 am UTC| Technicals

Sterling breaks the low made on Sep 23rd after Prime Minister Theresa May said theUK will trigger Article 50 before the end of March 2017. This shows that U.K will officially leave the EU in Apr 2019. GBP/USD has...

FxWirePro: AUD/JPY finds major trendline resistance at 77.95, good to long break above

Oct 03, 2016 06:43 am UTC| Technicals

AUD/JPY was rejected at major trendline resistance on Friday. Pair holds gains above 20-DMA at 77.17, which is now strong support on the downside. Technicals on daily charts support further gains, break above...

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