FxWirePro: Gold recovers after making a low of $1117, good to sell on rallies
Aug 27, 2015 12:06 pm UTC| Technicals
Gold has breaks short term support $1130 and declined till $1117 from that level. It is currently trading at $1126. Overall trend is still weak as long as resistance $1146 holds. On the downside minor support is...
FxWirePro: GBP/AUD call backspreads on hedging grounds for major uptrend
Aug 27, 2015 11:56 am UTC| Technicals
Hedge Perspectives: Call backspreads We believe GBPAUD uptrend has been quite healthy as the upswings are moving with considerable corrections at the right time, it has neither been steep spikes nor steep declines and...
Aug 27, 2015 11:52 am UTC| Technicals
USD/JPY has recovered after making a low of 118.78 yesterday. It is trading slightly above short term resistance further up move can be seen only above 120.40 (25th Aug high). Any break above 120.40 would extend gains...
FxWirePro: EUR/GBP struggles to break above 0.7360, good to sell on rallies
Aug 27, 2015 11:39 am UTC| Technicals
RES 4 : 0.7480 RES 3: 0.7420 (Aug 24th high) RES 2: 0.7380 RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250) PRICE: 0.7312 @ 11:38 GMT SUP 1: 0.7300 (7 day 4 HEMA) SUP 1: 0.7250 SUP 2: 0.7223 (55...
FxWirePro: Aussie faces strong resistance around 0.7250, good to sell on rallies
Aug 27, 2015 10:46 am UTC| Technicals
RES 4: 0.7330 (200 day 4 HMA) RES 3: 0.7250 (Aug 25th high) RES 2: 0.7195 ( Tenken-Sen) RES 1: 0.7159(20 day 4 HMA) PRICE: 0.7015 @10:38 GMT SUP 1: 0.7130 (7 day 4 H EMA) SUP 2: ...
USD/JPY breaks short term resistance 120, targets 121.60
Aug 27, 2015 10:13 am UTC| Technicals
RES 4: 121.65 (55 day 4 hema) RES 3: 121 RES 2 : 120.63 (50% retracement of 125.27 and 116.07) RES 1: 120.30 (Tenken-sen) PRICE: 120.30 @10:11 GMT SUP 3 :118.40 (25th Aug low) SUP 4: 118 SUP3: 116.07...
FxWirePro: Rand extends recovery against dollar, USD/ZAR could test 12.9824 support
Aug 27, 2015 09:48 am UTC| Technicals
Recently battered emerging markets continued to benefit from Chinas moves to support its economy South Africas rand firmed slightly against the dollar, extending its recovery after tumbling to an all-time low of...