EUR/GBP faces strong support around 0.7240, break below targets 0.7160
Sep 09, 2015 12:21 pm UTC| Technicals
RES 4: 0.7395 ( Sep 1st high) RES 3: 0.7350 (61.8% retracement of 0.7420 and 0.7250) RES2 : 0.7320 (20 DAY 4 HMA) RES1 0.7292 (7 DAY 4H EMA) PRICE: 0.7250 @ 12:19 GMT SUP 1: 0.7240 (Aug 30th Low) SUP 2:...
FxWirePro: GBP/USD key support at 1.5290, bullish in the short term
Sep 09, 2015 12:17 pm UTC| Technicals
The cable has turned back to trade around 1.5350 levels after reaching high at 1.5404 levels. Currently the cable is approaching fib 50% support level at 1.5330, below this level strong support lies at 1.5288, around this...
FxWirePro: Kiwi trades firm ahead of RBNZ, NZD/USD holds above 10-DMA
Sep 09, 2015 11:58 am UTC| Technicals
Persisting risk-on flows dominated the days trade, boosting bids for higher yielding currencies, Asian stocks markets rallied. Antipodeans were the biggest beneficiaries of the risk environment with their respective...
FxWirePro: Buy USD/JPY around 120.70 with SL around 120.20 for the TP of 121.70
Sep 09, 2015 11:38 am UTC| Technicals
USD/JPY breaks major resistance 120.70 and this confirms short term bullishness , a jump till 121.70 cannot be ruled out. On the downside major support is around 120.20 and any short term weakness only below that...

FxWirePro: Gold faces strong support near $1115, good to buy at dips
Sep 09, 2015 11:15 am UTC| Technicals
Gold has declined till $1116 after making a low of $1147. It is currently trading at $1122. Overall trend is still bullish as long as support $1115 holds. On the downside major support is around $1115 and break below...

FxWirePro: Hanging man confirmed on GBP/JPY - PRBS for long term hedging
Sep 09, 2015 10:30 am UTC| Technicals
On monthly chart, the formation of hanging man pattern candle on peaks of uptrend at around 193.456 levels. This hanging man followed by two long real body red candles would reveal a medium term downtrend direction.Overall...

Sep 09, 2015 10:26 am UTC| Technicals
AUD/JPY recovers after making a low of 82.11 and has made a high of 85.125. it is currently trading at 85.02. Intraday weakness can be seen only below 84.50 and any break below targets 84/83.25 in short term. On the...