
FxWirePro: GBP/AUD faces strong resistance around 2.150, good to sell on rallies
Oct 23, 2015 06:05 am UTC| Technicals
GBP/AUD has made a high of 2.1470 and retreated from that level. Overall trend is still weak as long as resistance 2150 holds. The pairs major resistance is around 2.1500 and any break above would extend gains till...
FxWirePro: High beta currencies react to ECB's dovish steer, MYR extends gains for 2nd session
Oct 23, 2015 05:11 am UTC| Technicals
Malaysian ringgit spiked on Friday as global risky assets rallied after ECB opened doors for more stimulus as early as December USD/MYR open at 4.2530 today, traded a 4.21-4.27 range so far and was last trading at 4.2263...
FxWirePro: USD/JPY edges lower from session highs at 120.98, await fresh cues from the European open
Oct 23, 2015 04:36 am UTC| Technicals
USD/JPY losses momentum and trades around a flat around 120.63, after hitting session highs at 120.98 Yen supported by impressive Japans flash manufacturing PMI, which came in at the highest levels since March 2014 The...

EUR/USD takes support near major trend line , targets 1.1200
Oct 23, 2015 04:22 am UTC| Technicals
EUR/USD has made a low of 1.10718 and slightly recovered fro m that level. The pairs major support is around 1.1070 (trend line joining 1.105192 and 1.10840) and any break below targets 1.1035/1.1000. Further weakness can...

FxWirePro: AUD/USD breaks trend-line resistance, good to buy AUD/USD dips
Oct 23, 2015 04:15 am UTC| Technicals
AUD/USD hits fresh session highs of 0.7257, extending gains to break trend-line resistance at 0.7240. AUD/USD firmer, supported by a renewed bout of selling interest seen in the US dollar 10 DMA at 0.7265 is...
FxWirePro: EUR/USD above 1.11 handle, fresh bids at lows stall downside
Oct 23, 2015 03:51 am UTC| Technicals
EUR/USD recovers to trade above the 1.11 handle as fresh bids emerged for the pair near lows, pushing the pair higher. The pair remains pressured on rising expectations for Dec QE extension/expansion after Thursdays...

GBP/JPY trades well above 200 day MA, targets 187.45/188
Oct 23, 2015 03:29 am UTC| Technicals
GBP/JPY breaks and trades well above 200 day MA and also above major resistance 185. overall trend is bullish a jump till 187.45/188.26 level. On the downside minor support is around 185.30 and any break below...