FxWirePro: USD/JPY consolidates around narrow range, good to buy at dips
Aug 13, 2015 10:27 am UTC| Technicals
RES 4: 127.93 (161.8% retracement of 125.85 and 120.40) RES 3: 126.88 (161.8% retracement of 124.43 and 120.45) RES 2 : 125.85 (jun 5th high) RES 1:125 PRICE: 124.53 @10:24 GMT SUP1 : 124.40 (7 day 4...
CAD/JPY struggles to break above 96 level, targets 94.95
Aug 13, 2015 09:29 am UTC| Technicals
CAD/JPY is facing strong resistance around 96 and any trend reversal can be seen only above that level. It has made a high of 95.94 today and started to decline from that level. Any break above 96 will take the pair to...
FxWirePro: NZD/JPY short put ladder hedges short term bull run and resumption of bear trend
Aug 13, 2015 08:15 am UTC| Insights & Views Technicals
On daily charts moving averages are signifying some price stability which could propel the prices towards north in short term. While leading oscillators like RSI and stochastic are puzzling this uptrend rallies. We think...
FxWirePro: EUR/SEK slumps to 9.49 on positive Swedish July CPI data
Aug 13, 2015 08:14 am UTC| Technicals
Swedish July Core CPI surprised on the topside today, taking pressure off the Riksbank for further QE and rate cuts July core CPI prices up 0.9% y/y vs 0.6% previous, beating market expectations at 0.6% and Riksbank...
FxWirePro: GBP/AUD faces strong support around 2.100, good to buy at dips
Aug 13, 2015 07:30 am UTC| Technicals
GBP/AUD declined till 2.109 after making a high of 2.15246. Overall trend is still bullish as long as support 2.100 holds. It has formed almost like double top around 2.1527 and any further bullishness only above...
FxWirePro: EUR/USD retraces from 1.1189, range-bound into European open, good to sell rallies
Aug 13, 2015 06:44 am UTC| Technicals
EUR/USD retraces from 1.1189 highs reached in early Asia, trades range-bound as the single currency takes a breather from its recent upsurge The pair ticking lower, hit lows by 1.1129 and is currently trading at...
AUD/JPY struggles to close above 92 level, decline till 89.60 is possible
Aug 13, 2015 06:35 am UTC| Technicals
Intraday trend- Bearish Short term trend- Bearish AUD/JPY has recovered from low of 90.33 till 92.06 but once again unable to hold above that level. Bearish invalidation can happen only if it closes above 92...