Fxwirepro: Gbp/jpy Faces Strong Support at 132, Good to Sell on Rallies

Major resistance – 134.40 (7 day EMA).   The pair has declined sharply from the high of 134.02 yesterday. It is currently trading around 133.11.   In the hourly chart GBP/JPY is trading slightly well below Tenkan-Sen (133.25) and Kijun-Sen (133.45).   On the higher side the pair should break above 134.40 for further bullishness. Read more about Fxwirepro: Gbp/jpy Faces Strong Support at 132, Good to Sell on Rallies[…]






Technical analysis of EUR/USD for Aug 10, 2016

When the European market opens, some Economic Data will be released such as German 10-y Bond Auction, French Industrial Production m/m.The US will release the economic data too such as Federal Budget Balance, 10-y Bond Auction, Crude Oil Inventories, JOLTS Job Openings, so amid the reports, EUR/USD will move in a low to medium volatility Read more about Technical analysis of EUR/USD for Aug 10, 2016[…]






Technical analysis of USD/JPY for Aug 10, 2016

In Asia, Japan will release the Tertiary Industry Activity m/m, PPI y/y, Core Machinery Orders m/m and the US will release some Economic Data such as Federal Budget Balance, 10-y Bond Auction, Crude Oil Inventories, JOLTS Job Openings.So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S Read more about Technical analysis of USD/JPY for Aug 10, 2016[…]






Daily analysis of major pairs for August 10, 2016

EUR/USD: This pair only moved sideways on Tuesday, and there is nothing significant so far. Only a movement above the resistance line at 1.1300 would lead to a “buy” signal, otherwise, this pair would remain a bearish market. USD/CHF: Although there is nothing significant so far on this currency trading instrument. The EMA 11 is Read more about Daily analysis of major pairs for August 10, 2016[…]






Daily analysis of USDX for August 10, 2016

USDX is finding dynamic support around the 200 SMA at H1 chart and it could point to the upside in coming days. We’re expecting a breakout above the resistance level of 96.32, that should also open the doors to test the 96.75 level. A decline to the 95.93 level is expected and one could expect Read more about Daily analysis of USDX for August 10, 2016[…]