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FxWirePro: EUR/USD faces strong support at 200 day MA, good to sell on rallies

Aug 09, 2016 09:41 am UTC| Technicals

Major support 1.10780 (200 day MA). The pair has made a low of 1.10717 yesterday and slightly recovered from that level. It is currently trading around 1.0911. The pair has made temporary bottom around 1.10457...

FxWirePro: GBP/USD faces support at 1.2960, good to sell on rallies

Aug 09, 2016 09:14 am UTC| Technicals

Major support -1.3000 Cable breaks major pschycological support at 1.3000 and declined till 1.2966 at the time of writing. It is currently trading at 1.30022. Short term trend is slightly weak as long as...

FxWirePro: Go long AUD/NZD dips around 1.0720, target 1.0770

Aug 09, 2016 08:02 am UTC| Technicals

AUD/NZD intraday bias higher. Momentum heavily bullish. Stochs and RSI are biased higher, we see a bullish MACD line crossover on signal line. Immediate resistance is seen by 100-DMA at 1.0750. Break above finds...

FxWirePro: USD/TRY remains well supported above 2.98 mark, bias turns to bullish again

Aug 09, 2016 07:51 am UTC| Technicals

USD/TRY is currently trading at 2.9844 levels. It made intraday high at 2.9867 and low at 2.9786 levels. Intraday bias remains bullish till the time pair holds key support at 2.9786 marks. A sustained close...

FxWirePro: NZD/USD rejected at highs, good to go short on rallies

Aug 09, 2016 07:43 am UTC| Technicals

NZD/USD was rejected at session high by 0.7159, intraday bias lower. The pair is currently hovering around 20-DMA at 0.7115. Next major support on the downside is seen by 50-DMA at 0.7097, break below will see...

FxWirePro: USD/CAD bulls bounce above DMAs and breach resistances of 1.3145 – One touch calls to add leveraging touch in returns

Aug 09, 2016 07:37 am UTC| Technicals

CAD seems to have taken a halt from its intermediary bull run against USD (see both daily and monthly plotting). Upswings in USDCAD spiked above DMAs after breaking resistances at 1.3145. For now, the breach above...

FxWirePro: AUD/CAD medium-term outlook

Aug 09, 2016 07:20 am UTC| Technicals

AUD/CAD has ended its consolidation phase and has likely resumed uptrend. The pair has bounced off 38.2% Fib at 0.9723, broken stiff resistance at 0.9979 and is extending upside. Our previous call...

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