FxWirePro: EUR/AUD tests trendline support at 1.5599 – put ratio spread for swing trading
Aug 28, 2015 09:15 am UTC| Insights & Views Technicals
The uptrend that has been gradually prolonging from last three months has taken one step ahead to break trendline resistance, it looks like the pair has set up a new stage for its bull run as you can make out from strong...
FxWirePro: Fresh round of selling in European equities buoys JPY, USD/JPY retraces gains
Aug 28, 2015 08:39 am UTC| Technicals
USD/JPY had earlier in Asia hit session highs at 121.40 retracing more than half of the fall from 125.28 (Aug 12 high) to 116.08 (Aug 24 low) A fresh round of selling in European indexes has taken the Japanese Yen to...
FxWirePro: EUR/GBP above 0.73 handle, hits fresh session highs at 0.7324
Aug 28, 2015 08:04 am UTC| Technicals
EUR ran into fresh bids in the early European session, buoyed on weakness in the European stocks EUR/GBP retakes the 0.73 handle, currently trades by fresh session highs at 0.7324 The second official UK GDP...
FxWirePro: USD/CHF pares losses, strong resistance seen at 0.9670 (cloud base)
Aug 28, 2015 07:34 am UTC| Technicals
USD/CHF halted its three back-to-back sessions of gains and dipped into negative territory in early European trades after positive Swiss GDP data buoyed CHF bulls Swiss real GDP growth for Q2 came in at 0.2 pct q/q vs...
FxWirePro: GBP/USD recovery capped at 1.5440, UK GDP data awaited
Aug 28, 2015 06:05 am UTC| Technicals
GBP/USD closed at its weakest since July 10 on Wednesday on broad based USD strength after upbeat US Q2 GDP figures The cable dipped to 1.5369 on the day before recovering back to 1.5440 levels in the Asian session,...
FxWirePro: USD/CAD key support at 1.3171, upside prevails in the short term
Aug 27, 2015 15:39 pm UTC| Technicals
USD/CAD has retreated after hitting minor resistance level at 1.3288 and is approaching support level at 1.3171. Strong rebound is expected around 1.3140-1.3170 area, therefore its good to enter long around this...
FxWirePro: GBP/USD key resistance at 1.5458, bearish in the short term
Aug 27, 2015 14:07 pm UTC| Technicals
The cable has resumed its bearish trend, after breaking resistance level at 1.5428, The pair is all set to move downwards in quick succession towards next support levels, therefore its good to sell at current market...