Menu

Search

  |   Technicals
Become a contributor

Menu

  |   Technicals

Search

FxWirePro: AUD/CHF falters at 200-DMA, 'Bearish Bat' formation raises scope for downside

FxWirePro: LTC/USD breaks 200- day MA, jump till 175 likely

FxWirePro: EUR/KRW moves in stiff boundaries, bias remains neutral

FxWirePro: USD/TWD hovers around key resistance at 29.42 mark, consistent close above requires for upside rally

FxWirePro: ETH/EUR hovers around 55-EMA at 472, decisive break above could see further upside

FxWirePro: Japanese yen trades marginally lower after various economic data

FxWirePro: USD/CNY jumps above 6.28 mark, PBOC sets yuan mid-point at 6.2897

FxWirePro: USD/CAD trade Idea

FxWirePro: USD/CHF trade Idea

FxWirePro: EUR/GBP breaks above 21-EMA, on track to test 100-DMA at 0.8811, stay long

FxWirePro: USD/ZAR hovers around 12.00 mark, bias remains bullish

FxWirePro: USD/JPY breaks above 55-EMA, yen slips on lackluster Japan inflation data

EOS/USD trades well above 100- day MA, jump till 15 likely

FxWirePro: EUR/JPY extends sideways, finds stiff resistance at 100-DMA (133.02)

FxWirePro:USD/THB continues to trade in rigid boundaries, stay neutral

FxWirePro: XRP/USD trades well above 200- day MA, jump till $1 likely

FxWirePro: NZD/USD Trade Idea

FxWirePro: GBP/USD trades slightly weak after weaker than expected UK Construction PMI, good to sell on rallies

Wednesday, January 3, 2018 9:52 AM UTC
0
comments

Candle stick pattern – Bearish engulfing pattern (One hour chart)

Cable hits high of 1.36125 at the time of writing and shown a minor decline from that level. The slight dip was mainly due to weaker than expected UK construction PMI data. The pair declined only 8 pips after the data. The rise in pound sterling was mainly due to weakness in US dollar index. The pair hits low of 1.3858 and is currently trading around 1.35906.

UK manufacturing PMI which came yesterday also came slightly below expectations .it came at 56.3 for the month of Dec compared to forecast of 57.90. Britain’s construction PMI came at 52.2 vs forecast of 53. The new orders came in at 53.1 highest since May 2017.

On the lower side, near term support is around 1.3545 (55 H EMA) and any break below will drag the pair to next level till 1.3500/1.3460 (200- H EMA)/1.3435. Short term bullish invalidation only below 1.30280.

The near term resistance is around 1.3600 and any break above will take the pair to next level till 1.3655/1.3700. Bullish continuation only above 1.3650.

It is good to sell on rallies around 1.3575-80 with SL around 1.3630 for the TP of 1.3500/1.3460.

Editor's Picks

Scientists Wants To Use Poison As Male Birth Control

How the digitalisation of everything is making us more lonely

New App Equipped With AI Could Help Treat Depression

How neoliberalism is damaging your mental health

Why ignoring mental health needs of young Syrian refugees could harm us all

Researchers Create Aluminum That’s As Strong As Stainless Steel

Automation To Hit Women In the Workforce Harder Than Men, Study Finds

Looking at the universe through very different 'eyes'

Automation Takes Over Stem Cell Manufacturing Too, FDA Approves

Eating weed gummies at work? Maybe not until 2028.

What are antioxidants? And are they truly good for us?

Are you a "cyberloafer"? Why internet procrastination is making life easier for hackers
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-04-20 20:05:56
0m
FITCH SAYS, ON CYPRUS, HAS UPGRADED CYPRUS'S LONG-TERM FOREIGN-CURRENCY ISSUER DEFAULT RATING (IDR) TO 'BB+' FROM 'BB'
2018-04-20 20:05:50
0m
FITCH SAYS UPGRADE OF CYPRUS'S IDRS REFLECTS IMPROVED HIGH EXTERNAL FINANCING FLEXIBILITY SINCE COUNTRY EXITED MACROECONOMIC ADJUSTMENT PROGRAMME IN MARCH 2016
2018-04-20 20:05:42
0m
FITCH UPGRADES CYPRUS TO 'BB+'; OUTLOOK POSITIVE
2018-04-20 20:05:21
0m
FOR THE WEEK, DOW UP 0.4 PCT, S&P 500 UP 0.5 PCT, NASDAQ UP 0.6 PCT
2018-04-20 20:00:36
0m
BRAZIL'S BOVESPA CLOSED AT 85,436.74, DOWN -0.45%
2018-04-20 20:00:33
0m
CANADA'S S&P/TSX COMPOSITE CLOSED AT 15,515.52, UP +0.40%
2018-04-20 20:00:28
0m
NASDAQ UNOFFICIALLY CLOSES DOWN 92.96 POINTS, OR 1.28 PERCENT, AT 7,145.09
2018-04-20 20:00:22
0m
S&P 500 UNOFFICIALLY CLOSES DOWN 22.89 POINTS, OR 0.85 PERCENT, AT 2,670.24
2018-04-20 20:00:13
0m
DOW JONES UNOFFICIALLY CLOSES DOWN 205.02 POINTS, OR 0.83 PERCENT, AT 24,459.87
2018-04-20 19:55:44
0m
SENIOR U.S. ADMINISTRATION OFFICIAL SAYS DISCUSSIONS WITH EUROPEAN COUNTRIES ON U.S. CONCERNS ABOUT IRAN NUCLEAR DEAL "NOT QUITE DONE YET"
2018-04-20 19:53:44
0m
SENIOR U.S. ADMINISTRATION OFFICIAL SAYS TRUMP, MACRON WILL ALSO DISCUSS RECENT JOINT MILITARY OPERATION AGAINST SYRIA, IRAN'S "MALIGN" INFLUENCE IN THE MIDDLE EAST
2018-04-20 19:53:37
0m
SENIOR U.S. ADMINISTRATION OFFICIAL SAYS TRUMP, FRENCH PRESIDENT MACRON WILL DISCUSS IRAN NUCLEAR DEAL AT WHITE HOUSE NEXT WEEK
2018-04-20 19:31:57
0m
CFTC-SPECULATORS INCREASE CBOT US 5-YEAR TREASURY FUTURES NET SHORT POSITION BY 53,016 CONTRACTS TO 573,499 IN WEEK ON APRIL 17
2018-04-20 19:31:51
0m
CFTC-SPECULATORS INCREASE CBOT US 10-YEAR TREASURY FUTURES NET SHORT POSITION BY 41,054 CONTRACTS TO 371,689 IN WEEK ON APRIL 17
2018-04-20 19:31:45
0m
CFTC-SPECULATORS INCREASE CBOT US 2-YEAR TREASURY FUTURES NET SHORT POSITION BY 4,943 CONTRACTS TO 86,748 IN WEEK ON APRIL 17
2018-04-20 19:31:38
0m
CFTC-SPECULATORS INCREASE CBOT US ULTRABOND TREASURY FUTURES NET SHORT POSITION BY 3,015 CONTRACTS TO 156,681 IN WEEK ON APRIL 17
2018-04-20 19:31:32
0m
CFTC-SPECULATORS RAISE CBOT US TREASURY BONDS FUTURES NET LONG POSITION BY 10,447 CONTRACTS TO 45,297 IN WEEK ON APRIL 17
2018-04-20 19:31:18
0m
U.S. 10-YEAR TREASURY YIELD HITS 2.958, HIGHEST SINCE JANUARY 2014
2018-04-20 19:00:07
0m
UNITED STATES MAR USDA-CATTLE MARKETED DECREASE TO 96 % (FCAST 95.9 %) VS PREV 102 %
2018-04-20 19:00:05
0m
UNITED STATES APR USDA-CATTLE ON FEED DECREASE TO 107 % (FCAST 107.5 %) VS PREV 109 %
Most Popular
1

USD/INR likely to trade higher towards 66.0 mark with increasing odds to rally through the psychological resistance, says Scotiabank

2

FxWirePro: LTC/USD breaks 200- day MA, jump till 175 likely

3

FxWirePro: XRP/USD trades well above 200- day MA, jump till $1 likely

4

Mental illness on campus really is 'a thing'

5

FxWirePro: Sell U.S. Soybean with Short-term target of 990 cents per bushel

6

The calm before the storm in US-China trade

7

Canadian economic growth likely to decline to 1.9 pct in 2018, 1.6 pct next year: HSBC Securities

8

FxWirePro: Barclays research tool sheds lights on massive dints in crypto hedge funds as investor perplexed on BTC’s bubble or correction

9

FxWirePro: Japanese yen trades marginally lower after various economic data

10

Global Geo-political Series: U.S. commerce department initiates AD & CVD investigation on imports of Certain Steel Wheels from China

Economics Monitor

April 20 19:00 UTC Released

USCattle Marketed

Actual

96 %

Forecast

95.9 %

Previous

102 %

April 20 19:00 UTC Released

USCattle On Feed

Actual

107 %

Forecast

107.5 %

Previous

109 %

January 31 00:00 UTC 115206115206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 115206115206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 127026127026m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 115206115206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 127026127026m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 115206115206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 115206115206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 115206115206m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

EconoTimes
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.