
Aug 18, 2016 10:28 am UTC| Technicals
Ever since the pair test supports at 1.6629 (on 4H charts), upswings have spiked above DMAs with 7DMA crossing over 21DMA which signify the buying interests. However, the major downtrend still seems intact despite the...

FxWirePro: DAX30 faces strong support at 200- HMA, good to sell on rallies
Aug 18, 2016 09:19 am UTC| Technicals
Major intraday support 10470 (200 HMA). The index has slightly recovered after making a low of 10514. It is currently trading around 10669. In the hourly chart, DAX is facing strong resistance at 10661 (100 H...

FxWirePro: GBP/USD faces strong resistance at 21-day MA, good to sell on rallies
Aug 18, 2016 08:04 am UTC| Technicals
Major resistance- 1.3100 Major support 1.2850 Cable has recovered sharply till 1.30873 after better than expected UK employment data released yesterday. It is currently trading at 1.30705. Short term trend...

FxWirePro: EUR/JPY extends range trade, focus on eurozone CPI and ECB accounts data
Aug 18, 2016 07:27 am UTC| Technicals
EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug. The pair finds major trendline support at 112.45, weakness only on break below. On the upside 20-DMA at 113.97 is immediate...

FxWirePro: AUD/CAD downside halts at 38.2% Fib, further weakness only on break below
Aug 18, 2016 07:04 am UTC| Technicals
AUD/CAD has edged higher on the day after taking support at 38.2% Fib at 0.9816 levels. Upbeat Australias jobs data released earlier today has buoyed the Aussie. Our previous call...

FxWirePro: GBP/JPY struggles to close above 132, good to sell on rallies
Aug 18, 2016 06:51 am UTC| Technicals
Major resistance 131.85 (9 day EMA). The pair has recovered sharply after making a high of 131.85 yesterday. It is currently trading around 130.75. UK employment data and earnings data which was released...

Aug 18, 2016 06:36 am UTC| Technicals
Breach of strong supports of 72.239 to bring in a more bearish environment, Use rallies for fresh shorts. We dont see any further spikes above 74.0446 (i.e. 21DMA). The pair declined soon after the formation of long...