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USD/JPY faces minor resistance around 120.35, good to buy at dips

Oct 01, 2015 11:30 am UTC| Technicals

RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.80 (200 day 4 hma) RES 2: 120.50 (61.8 % retracement of 121.30 and 119.25) RES 1: 120.10 (55 day 4 H EMA) PRICE: 120.03 @11:30 GMT SUP 1: 119.50 (38.2%...

EUR/AUD trade idea

Oct 01, 2015 11:20 am UTC| Technicals

Harmonic Pattern Formed- Bullish Cypher pattern Potential Reversal Zone (PRZ) - 1.5720. The pair has made a high of 1.6250 and retreated till 1.5780 level. It is currently trading at 1.5798. The major support is...

GBP/AUD breaks major support 2.140, decline till 2.088 is possible

Oct 01, 2015 10:36 am UTC| Technicals

GBP/AUD has broken short term support 2.140 which confirms short term weakness, a decline till 2.088 cannot be ruled out. It is currently trading at 1.2140. The pairs minor resistance is around 2.1630 and any break above...

Gold faces strong support around $1100, short term weakness only below that level

Oct 01, 2015 10:03 am UTC| Technicals

Harmonic Trading pattern: Bullish Cypher Potential Reversal Zone (PRZ) - $1100 Gold has decline till $1112 after making a high of $1156. It is currently trading @ $1113. On the downside major support is around $1100...

EUR/USD takes support near trend line, jump till 1.1240 is possible

Oct 01, 2015 09:47 am UTC| Technicals

EUR/USD has declined till 1.11349 and slightly recovered from that level. It is currently trading at 1.11640. The pairs short term support is around 1.125 (trend line joining 1.1104 and 1.11150) and any break below...

USD/CAD breaks minor support 1.3280, decline till 1.3180 is possible

Oct 01, 2015 09:17 am UTC| Technicals

USD/CAD has declined till 1.3280 yesterday and slightly recovered from that level. It is currently trading at 1.3282. Intraday trend is still weak as long as resistance 1.3325 holds. Any break above 1.3325 will take the...

FxWirePro: EUR/USD extends weakness into European open

Oct 01, 2015 07:27 am UTC| Technicals

EUR/USD beraks below 100 DMA support at 1.1140, could target 1.1105 (base from Sept 23) Doji on Tuesday and inability to break cloud base resistance at 1.1260 on Wednesday confirms further downside Heading into the...

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