FxWirePro: EUR/CAD forms bullish cypher pattern, good to buy at dips
Aug 19, 2015 06:02 am UTC| Technicals
Harmonic Pattern formed: Bullish cypher pattern. Potential Reversal Zone (PRZ) - 1.4320 Any break below PRZ will take the pair further down till 1.4250/1.4200. On the higher side short term resistance is...
FxWirePro: GBP/AUD faces strong support at 2.1200, good to buy at dips
Aug 19, 2015 05:19 am UTC| Technicals
GBP/AUD has made low of 2.130 and recovered from that level. Short term trend is still bullish as long as support 2.120 holds. It is facing strong resistance 2.1527 and any further bullishness only above 2.1530 level. Any...
FxWirePro: AUD/USD hits fresh weekly lows at 0.7312, China stocks' rout weighs
Aug 19, 2015 04:39 am UTC| Technicals
China stocks rout adds to the concerns of Chinas economic slowdown fuelling risk-off sentiment across the board. AUD/USD accelerated downside in the Asian session to hit fresh weekly lows by 0.7312 The pair has...
FxWirePro: Sell USD/JPY around 124.30-35 with SL around 124.65 for the TP of 123.55
Aug 19, 2015 03:20 am UTC| Technicals
USD/JPY has broken minor trend line support at 124.30 which confirms short term weakness , a decline till 123.50 cannot be ruled out. The minor resistance is around 124.60 and any break above would extend gains till...
Aug 18, 2015 14:15 pm UTC| Technicals
USD/CHF pair is approaching resistance level at 0.9777, the support level at 0.9726 has been supportive for the bears in the recent past, and a strong rebound is expected soon around 0.9725 levels, as dollar is set to gain...
FxWirePro: EUR/USD key support at 1.0985, bullish in the short term
Aug 18, 2015 13:23 pm UTC| Technicals
The pair has slipped from daily highs from 1.1090 levels to testing support level at 1.1030,the pair is expected to, rebound around 1.1010 levels and advance further towards 1.1050 and 1.1080 levels in the short...
FxWirePro: USD/JPY key resistance at 124.49, buy deals are recommended around 124.00
Aug 18, 2015 12:28 pm UTC| Technicals
USD/JPY is approaching to break resistance level at 124.23. The support level at Anchor123.78 isvery strong and set to hold the bears from falling further below 123.78 levels. The pair is set to rebound around 124.00...