FxWirePro: AUD/NZD faces short term resistance around 1.1180, good to sell on rallies
Aug 20, 2015 06:38 am UTC| Technicals
Harmonic pattern formed- Bullish BAT. Potential reversal zone (PRZ) - 1.0940. AUD/NZD has made a high of 1.13025 and started to retreat from that level. Short term trend is still weak as long as resistance 1.1315...
USD/CHF breaks major trend line support, targets 0.9550
Aug 20, 2015 06:24 am UTC| Technicals
USD/CHF has broken major trend line support 0.9675 and break below confirms weakness, a decline till 0.9595/0.9550 cannot be ruled out. USD has declined against all major currencies after dovish FOMC minutes...
FxWirePro: Sell USD/JPY around 124-124.10 with SL around 124.60 for the TP of 123/122.70
Aug 20, 2015 05:42 am UTC| Technicals
USD/JPY has once again made a low of 123.68 and slightly recovered from that level. Intraday trend is still weak as long as resistance 124.60 holds. The minor intraday resistance is around 124.20 and break above...
FxWirePro: USD/JPY recovers slightly from overnight slump, struggles to regain 124 handle
Aug 20, 2015 04:38 am UTC| Technicals
USD/JPY slumped to fresh three-week lows on Wednesday following the release of FOMC minutes Dovish Fed minutes, with no clear sign of an imminent Sept hike and downbeat July US inflation figures dragged the buck...
EUR/USD recovers after dovish FOMC minutes, targets 1.12150
Aug 20, 2015 03:39 am UTC| Technicals
EUR/USD recovers from low of 1.1016 after dovish FOMC minutes has broken short term resistance 1.1130 and is trading at 1.11320. On the higher minor resistance is around 1.1150 and break above would extend gains till...
FxWirePro: GBP/USD key support level at 1.5625, bearish in the short term
Aug 19, 2015 16:14 pm UTC| Technicals
The cable is has broken strong support level at 1.5647 and is approaching to test next support level at 1.5625. A breakout at the said resistance level will unleash a strong bearish momentum which may drag the pair all the...
FxWirePro: USD/JPY key resistance at 124.49, buy deals are recommended around 124.00
Aug 19, 2015 15:11 pm UTC| Technicals
USD/JPY is approaching to break support level at 124.23. The support level at 123.78 is very strong and set to hold the bears from falling further below 123.78 levels. The pair is set to rebound around 124.00 levels and is...