FxWirePro: USDCAD forms Bullish Shark Pattern, good to buy on dips
Nov 23, 2017 12:35 pm UTC| Technicals
Harmonic pattern formed Bearish Shark pattern Potential Reversal Zone (PRZ) 1.26500 USD/CAD has declined sharply after dovish FOMC minutes meeting. The pair declined till 1.26728 after Fed minutes showed...
Nov 23, 2017 12:05 pm UTC| Technicals
Harmonic pattern Bullish AB=CD Pattern USD/CHF has shown a massive selling yesterday after Fed minutes meeting. The pair declined till 0.98080 after Fed minutes showed concerns over weak inflation. The Fed minutes...
FxWirePro: EUR/JPY struggles at 100-DMA, good to go short on break below
Nov 23, 2017 11:48 am UTC| Technicals
EUR/JPY retraces brief dip below 100-DMA at 131.30, currently trades at 131.74 after hitting lows of 131.23. Technical studies are bearish, RSI below 50 levels and we see -ve DMI dominance which supports...
Nov 23, 2017 11:26 am UTC| Technicals
FxWirePros Hourly Currency Strength Index for AUD/CAD was bullish at 1045 GMT FxWirePros Hourly AUD Spot Index: 111.081 - Bullish FxWirePros Hourly CAD Spot Index: -93.8351 - Bearish Technical Analysis: Slightly...
FxWirePro: GBP/USD slightly declined after UK GDP, good to buy above 1.3380
Nov 23, 2017 11:02 am UTC| Technicals
Cable hits 1- ½ month high at 1.3369 after dovish Fed minutes meeting. The Fed minutes meeting shows that economy is growing strong and is operating above full employment. But decline in inflation is cause of...
Nov 23, 2017 08:56 am UTC| Technicals
Chart pattern formed- Rising channel (on daily plotting) and break-out of long-lasting range (on monthly plotting). The short-term trend now tests the rising channel support at 1.1587 levels, the current prices are...
FxWirePro: DAX trades weak, good to sell on rallies
Nov 23, 2017 08:48 am UTC| Technicals
DAXhas declined slightly after jumping continuously for the past two months. The index hits fresh 2-1/2 years high at 13534 at Nov 7th 2017. It is currently trading around 12984. The index dipped till 12847 on Nov...
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