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FxWirePro: GBP/AUD trades higher, good to buy at dips

Aug 18, 2015 10:57 am UTC| Technicals

GBP/AUD has made low of 2.110 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: GBP/AUD uptrend remains intact, credit call spreads for swing trade and call backspreads for hedging

Aug 18, 2015 10:57 am UTC| Technicals

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. Speculate with credit call spreads: On...

FxWirePro: GBP/CAD forms bearish BAT pattern, good to sell on rallies

Aug 18, 2015 10:02 am UTC| Technicals

GBP/CAD has formed bearish BAT harmonic pattern in 4 hour chart. Potential reversal zone is 2.0580. Any break above targets 2.0630. On the downside major support is around 2.048 and break below targets...

FxWirePro: EUR/USD recovery short-lived, steep losses in EUR/GBP weigh

Aug 18, 2015 09:55 am UTC| Technicals

EUR/USD rejected ahead of 1.11 barrier, slips back to trade muted around 1.1068 levels. Recovery in the pair was short-lived, the major slipped back into the negative territory Steep losses in EUR/GBP after above...

GBP/NZD breaks trend line support as Russia lifts NZ dairy ban, targets 2.270

Aug 18, 2015 07:52 am UTC| Technicals

GBP/NZD has formed descending triangle pattern but not able break the major triangle resistance 2.4025. Any break above 2.4025 only confirms further bullishness, a jump till 2.45 (161.8% retracement of 2.4027 and...

FxWirePro: EUR/NZD forms bullish cypher pattern, good to buy at dips

Aug 18, 2015 07:47 am UTC| Technicals

Harmonic pattern formed- Bullish cypher pattern Potential Reversal Zone (PRZ) - 1.6650 EUR/NZD has made a low of 1.6750 and recovered from that level. Overall trend is bullish as long as support 1.6650 holds. Any...

FxWirePro: EUR/GBP short term upswings to prevail as delta risk reversal indicates costlier hedging upside risks

Aug 18, 2015 07:34 am UTC| Technicals

As you can make out from the nutshell, bulls gaining buying interest as 1W ATM contracts showing positive flashes and this has evidenced short spikes in technical charts as well but this is yet to be confirmed in long run...

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