FxWirePro: WTI slips below the key $50 level, hits lowest since October 2017
Nov 29, 2018 11:15 am UTC| Technicals Research & Analysis
WTI chart on Trading View used for analysis WTI has breached the key $50 level to hit lowest since October 2017. The black gold was sold-off aggressively as markets remain skeptical ahead of the OPEC meeting...
FxWirePro: EUR/GBP pauses at major resistance at 0.8912, good to go long on break above
Nov 29, 2018 10:10 am UTC| Technicals Research & Analysis
EUR/GBP chart on Trading View used for analysis EUR/GBP has paused upside at major resistance at 0.8912 (converged cloud top and trendline). Upbeat German unemployment data keeps the Euro buoyed as markets await...
Nov 29, 2018 10:01 am UTC| Technicals
EURUSD has recovered sharply more than 100 pips after yesterday Fed Chairman Powell speech. Fed Chairman said that rates are just below neutral which fuelled hopes that Fed may close or pause interest rate tightening...
FxWirePro: USD/ZAR hits fresh 3-month low at 13.63 mark, South Africa’s PPI data in focus
Nov 29, 2018 08:26 am UTC| Technicals
USD/ZAR is currently trading around 13.63 levels. It made intraday high at 13.78 and low at 13.62 levels. Intraday bias remains bearish for the moment. A daily close above 13.73 will take the parity...
S&P500: Double Top and 2618 trade setup
Nov 29, 2018 07:57 am UTC| Technicals
Double top -2818 61.8% retracement of 2818 and 2626 - 2745. SP500 has shown a massive jump yesterday of more than 2% almost 60 points form low of 2681 level. The index hits high of 2745 and shown a minor...
Nov 29, 2018 07:53 am UTC| Technicals
USDCAD has halted its bullish run after a three days continuous upside. The pair hits 5- month high at 1.3359 and shown a massive sell-off after Fed Powell speech. Loonie hits low of 1.32422 and is currently trading around...
FxWirePro: AUD/USD breaks above 110-EMA, test of 200-DMA likely
Nov 29, 2018 07:11 am UTC| Technicals Research & Analysis
AUD/USD chart on Trading View used for analysis AUD/USD extends previous sessions gains, trades 0.22% higher at 0.7320. Australias Q3 capex spending edged lower, down 0.5%. The outcome was weaker than expected...
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