FxWirePro: USD/CAD key support at 1.3277, upside prevails in the short term
Aug 26, 2015 16:04 pm UTC| Technicals
USD/CAD has bounced after hitting support level at 1.3277 and is approaching to test resistance level at 1.3305. The support levels at 1.3277 is set to hold the bears and push the pair upwards, as the US dollar has...
FxWirePro: USD/CHF is key resistance 0.9507, bearish in the short term
Aug 26, 2015 14:41 pm UTC| Technicals
USD/CHF pair is approaching resistance level at 0.9507, the resistance level is set to act as strong barrier to the bulls, as long as this levels are not broken the trend of this pair remains bearish. A decline from 0.9480...
FxWirePro: USD/JPY approaching resistance at 119.89, bearish in the near term
Aug 26, 2015 13:06 pm UTC| Technicals
USD/JPY has bounced back from 118.14 levels after failing to break support level at 118.14, currently the pair is trading at 119.80. The pair is set to decline further towards 119.50 and later towards 119.00 levels,...
Pound drops out of favor as rate hike bets slashed – calls updated
Aug 26, 2015 12:22 pm UTC| Insights & Views Technicals
Pound is the worst performing major since yesterday after touching highest level since June. Pound traded as high as 1.581 against Dollar, before falling sharplyas SP 500 wiped out 3% initial gains to close red for the...
EUR/SEK uptrend gears up on likely Riksbank rate cut despite lower inflation forecast
Aug 26, 2015 12:10 pm UTC| Insights & Views Central Banks Technicals
In the Scandi FX market, it is time for this weeks key data releases. In Sweden the NIERs inflation forecast is an important driver for expectations on additional Riksbank easing. Our base case remains that the Riksbank...
FxWirePro: EUR/USD key resistance level at 1.1567, sell deals are recommended below 1.15460
Aug 26, 2015 12:04 pm UTC| Technicals
EUR /USD fell back from 1.1560 levels, after riding high on chinas economic woes. The pair has started to decline after failing to break resistance at 1.1567 levels , and is moving downwards to test next support level...
FxWirePro: EUR/GBP recovers after making a low of 0.7250, good to buy at dips
Aug 26, 2015 11:49 am UTC| Technicals
RES 4 : 0.7480 RES 3: 0.7420 (Aug 24th high) RES 2: 0.7380 RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250) PRICE: 0.7320@ 11:47 GMT SUP 1: 0.7250 SUP 2: 0.7210 (Cloud bottom) SUP 3: 0.7150...