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FxWirePro: EUR/NZD finds strong resistance at 1.6770, good to go long on break above

FxWirePro: Thai baht falls as trade balance data misses expectations

FxWirePro: Chinese yaun trades marginally lower despite higher than expected house price data

FxWirePro: EUR/GBP capped at 0.87 handle, focus on German data and Draghi's speech for cues on further direction

FxWirePro: USD/SGD breaks key resistance at 1.3538 mark, stay bullish

FxWirePro: FTSE100 downside capped by 23.6% fib, good to sell on rallies

FxWirePro: FTSE100 faces strong support around 7160, break below targets 7000

FxWirePro: DAX30 trades flat, markets eye US-China trade talks

FxWirePro: Flurry of bearish patterns hamper USD/CHF minor uptrend, inverted head and shoulder pattern stimulates consolidation phase

GBP/JPY forms double top and struggles to close above 200 day MA,dip till 143 likely

FxWirePro: AUD/CHF recovery struggles at 55-EMA, bias bearish

FxWirePro: USD/ZAR remains well supported below 14.00 mark, good to sell on rallies

FxWirePro: USD/INR trades in narrow range, further sideways movement likely

FxWirePro: USDCAD trades lower on better than estimate Canadian retail sales, good to sell on rallies

FxWirePro:DXY downside capped by 21 day MA, any break below targets 95.60

FxWirePro: South Korean won falls gradually against euro, faces immediate resistance at 1,278 mark

FxWirePro: Display of spinning top at wedge resistance hampers BTC/USD’s bullish momentum ahead of CME expiry

FxWirePro: DAX30 trade slightly above 11000 level,jump till 11490 likely

Friday, January 18, 2019 11:56 AM UTC
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comments

Chart Pattern- Double top

 

Major resistance - 11000

 

DAX30 has broken major resistance 11000-11040 level after a long consolidation.The index was trading in narrow range for past six trading session between 10977 and 10792. The index was following footsteps of US markets on easing trade war tensions between US and China. The index jumped nearly 7.46% from low of 10281 and is currently trading around 11042.

 

The index is facing strong resistance around 11092 (55- day EMA) and any break above targets 11592/11869.

 

On the lower side, any violation below 10781 (78.6% fib) confirms minor weakness and break below targets 10689/10402.

 

It is good to buy on dips 11000 with SL around 10780 for the TP of 11590/11869.

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ARAnnual Primary Balance*

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ARAnnual Primary Balance*

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2016 bln ARS

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