FxWirePro: USD/ZAR edges lower from day's high at 13.7367, momentum remains positive
Sep 04, 2015 11:44 am UTC| Technicals
South Africas rand plunged to 11-day lows against the dollar on Friday, and is likely to remain under pressure ahead of NFP data Rand under pressure from weak domestic growth and a general lack of appetite for risky...

Silver faces strong support at $14.65, break below targets $14
Sep 04, 2015 11:07 am UTC| Technicals
Silver is trading narrow channel for past three trading session. It is facing strong support around $14.65 and any break below will drag the commodity further down till $14.45/$14 in short term. Short term trend...

FxWirePro: Yen looks to gain over further risk aversion, might reach 114.5 area
Sep 04, 2015 10:17 am UTC| Technicals
Recent price action on worlds equity markets, and bids on Yen indicating that Bears are still hovering. Concerns over further slowdown in China hasnt totally ebbed and it is going to be the hottest topic in this weeks G20...
FxWirePro: USD/JPY recovers after making a low of 118.84, good to sell on rallies
Sep 04, 2015 09:58 am UTC| Technicals
RES 4: 120.75 (61.8% retracement of 121.75 and 119.21) RES 3: 120.25 (200 DAY HMA) RES 2: 119.80 (20 day HMA) RES 1 : 119.31 (7 day 4 HEMA) PRICE: 119.06 @09:58 GMT SUP 1 :118.40 (25th Aug low) SUP 2:...

FxWirePro Longer term call: Buy Dollar/ Sell Pound – targets around 1.443
Sep 04, 2015 09:42 am UTC| Technicals
Souring of our recent short term call (Pound dropped sharply against Dollar from 1.58 area, after false break of the range of 1. 54-1.57) has given an opportunity to enter into a longer term position with attractive risk...

FxWirePro: GBP/AUD consolidates in narrow range, good to buy at dips
Sep 04, 2015 09:11 am UTC| Technicals
GBP/AUD has recovered till 2.190 after making a low of 2.1390 and is currently trading at 2.181. The pairs minor resistance is around 2.190 and any break above would extend gains till 2.2200/2.2370. The pairs minor...
FxWirePro: GBP/USD continues downtrend, daily Stochs and RSI biased lower
Sep 04, 2015 08:05 am UTC| Technicals
Britains dominant services sector grew at its weakest pace in more than two years in Aug, adding to uncertainty over BoE rates hikes. Data on Thur showed that Markit/CIPS services PMI dropped in Aug to its lowest...