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USD/CHF faces major trend line support at 0.9720, break below targets 0.9550

Aug 19, 2015 10:09 am UTC| Technicals

USD/CHF is trading in narrow range between 0.9726 and 0.9795 for the past two trading session. It is facing strong trend line support at 0.9720 (trend line joining 0.93288 and 0.9547) and any break below will target...

USD/CHF faces major trend line support at 0.9720, break below targets 0.9550

Aug 19, 2015 10:09 am UTC| Technicals

USD/CHF is trading in narrow range between 0.9726 and 0.9795 for the past two trading session. It is facing strong trend line support at 0.9720 (trend line joining 0.93288 and 0.9547) and any break below will target...

FxWirePro: AUD/JPY trades in narrow range, good to sell on rallies

Aug 19, 2015 09:27 am UTC| Technicals

Intraday trend- neutral Short term trend- Bearish AUD/JPY has made a low of 90.91 and slightly recovered from that level. Short term trend is bearish as long as resistance 92.10 holds. On the lower side minor support...

FxWirePro: Momentum oscillators and delta risk reversal shows their impact – back with backspreads

Aug 19, 2015 09:07 am UTC| Technicals

Never rely on single indicator is our fundamental as legendary saying by Warren Buffet goes this way Never test depth of the river with both the legs. It would be more efficient to devise a call when we synthesize our...

FxWirePro: NZD/JPY short side on short put ladder serving purpose; slumps likely in medium term

Aug 19, 2015 08:29 am UTC| Technicals

The pair rallied from 81.108 to 82.19, even if it shows further upside potential we would still be safe but medium term it has to drop back. Well.., the purpose of employing shorts of (1.5%) in the money puts are serving,...

FxWirePro: USD/CAD forms bullish BAT pattern, good to buy at dips

Aug 19, 2015 07:41 am UTC| Technicals

Harmonic Pattern - Bullish BAT Pattern Potential Reversal Zone (PRZ)- 1.2970 On the lower side any break below 1.2970 will drag the pair further down till 1.2930/1.2900/1.2850. The minor support is around...

FxWirePro: AUD/NZD faces strong resistance around 1.1130, good to sell on rallies

Aug 19, 2015 06:47 am UTC| Technicals

Harmonic pattern formed- Bullish BAT. Potential reversal zone (PRZ) - 1.0940. AUD/NZD has made a high of 1.13025 and started to retreat from that level. Short term trend is still weak as long as resistance 1.1315...

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