
FxWirePro: Delta risk reversal alerts EUR/JPY downside hedging
Aug 31, 2015 07:15 am UTC| Technicals
We anticipate the Yen would gain in near term although upswings for the moment are rallying on this pair but any abrupt swings may turn adversely as we think the current uptrend is not that robust and long lasting, so weve...

FxWirePro: Loonie struggles to break below 1.3150, good to buy at dips
Aug 31, 2015 07:09 am UTC| Technicals
Potential Reversal Zone (PRZ)- 1.3150 Loonie has made a high of 1.3352 on Tuesday and declined till 1.3166 from that level. It is currently trading at 1.3240. It has almost formed a double top around 1.335 and not able...

FxWirePro: Upbeat German retail sales fails to impress, EUR/USD slips below 1.1250
Aug 31, 2015 06:54 am UTC| Technicals
German retail trade data outpaced expectations in July, but the data failed to impress EUR bulls. Retail turnover rose 1.4% m/m in July, up from a 2.3% decline recorded in June, coming in above market expectations of...

GBP/AUD trades near trend line support 2.1400, any break below targets 2.0870
Aug 31, 2015 06:41 am UTC| Technicals
GBP/AUD has retreated after making a high of 2.2370. Intraday trend is bearish as long as resistance 2.200 holds. Any break above 2.200 will extend gains till 2.2370/2.2740 in short term. The pairs minor support is...

FxWirePro: GBP/JPY bearish sentiments mounting – prefer BPS to arrest downswings
Aug 31, 2015 06:30 am UTC| Technicals
On monthly chart, the formation of hanging man pattern candle on peaks of uptrend at around 193.456 levels. This would reveal a medium term downtrend direction.Overall pattern on the pair fixes it bearish view for a...
FxWirePro: Disappointing economic data weighs on Kiwi, NZD/USD pressured lower
Aug 31, 2015 06:26 am UTC| Technicals
Antipodeans were dumped with the New Zealand dollar, the biggest loser, after the NZ treasury downgraded GDP forecasts in the June quarter on softening domestic demand. Chinas economic slowdown worries also...

BTC/USD faces trend line resistance around $250, break above targets $290
Aug 31, 2015 06:17 am UTC| Technicals
BTC/USD has recovered till $235 after making a low of $198 and is currently trading at $228. Short term trend is bullish as long as support $198 holds. The minor resistance is around $240 and break above will take...