FxWirePro: GBP/USD key resistance at 1.5412, sell deals are recommended below 1.5400
Sep 22, 2015 14:24 pm UTC| Technicals
>The Cable has slipped below 1.5400 levels, after breaking strong support level at 1.5412. The pair is set to flatter further towards 1.5250 levels in the short term, as there is strong bearish momentum below 1.5412 61.8%...
FxWirePro: Fed’s move and Chinese slowdown hamper EM pairs – MYR, KRW and BRL vulnerable
Sep 22, 2015 12:55 pm UTC| Technicals
With a Fed hike around the corner is likely to prolong for another 2-3 months, the spotlight shifts back to the spillover effects on some of the emerging economies. This time, however, we expect a Fed rate hike to have a...
EUR/GBP breaks major support 0.7240, decline till 0.7160 is possible
Sep 22, 2015 12:45 pm UTC| Technicals
RES 4: 0.7395 ( Sep 1st high) RES 3: 0.7350 (61.8% retracement of 0.7420 and 0.7250) RES 2: 0.7320( Cloud top) RES 1 0.7276(20 day 4 HMA) PRICE: 0.7226 @ 12:44 GMT SUP 1: 0.7240 (Aug 30th...
FxWirePro: USD/CHF key support at 0.9675, bullish in the short term
Sep 22, 2015 12:44 pm UTC| Technicals
>The USD/CHF pair rallied from 0.9709 to test resistance level at 0.9751 in the early European session. However, after failing to break resistance level at 0.9751, the pair has turned back towards 0.9709 support level. The...
FxWirePro: GBP/JPY forms bearish BAT pattern, good to sell on rallies
Sep 22, 2015 12:43 pm UTC| Technicals
Harmonic pattern formed: Bearish BAT pattern Potential Reversal Zone (PRZ)- 188 GBP/JPY has recovered till 187.33 after making a low of 185.92 yesterday. It is currently trading at 186.25. Short term trend isbearishas...
FxWirePro: Renewed softer tone in crude weighs on CAD, USD/CAD hits session highs at 1.3290
Sep 22, 2015 12:39 pm UTC| Technicals
USD/CAD opened Noram marts 1.3249 -7 pips vs previous close, overnight range was 1.3220/59 Crude oil prices fell as much as 2 percent on Tuesday, unwinding the previous days steep rally, renewed softer tone in crude oil...

FxWirePro: Extended impact of CNY on capital outflow – USD/CNY trade strategies
Sep 22, 2015 12:13 pm UTC| Technicals
Although Chinas capital account is closed, several illicit channels of capital outflows have made the capital account rather leaky. Leaky capital account estimates outflows and policy implications, the capital outflows...