Jul 24, 2017 07:22 am UTC| Technicals
Bearish AUD scenarios: 1) The unemployment rate breaks above 6%, forcing the RBA to respond more aggressively to weak inflation 2) The Fed responds to animal spirits and bullish survey data by delivering a faster...
FxWirePro: USD/ZAR remains well supported below 13.00 mark, good to sell on rallies
Jul 24, 2017 07:21 am UTC| Technicals
USD/ZAR is currently trading around 12.93 levels. It made intraday high at 12.94 and low at 12.87 levels. Intraday bias remains neutral till the time pair holds key support at 12.87 mark. A daily close...
FxWirePro: EUR/CAD fails to break above 4H 100-SMA, good to go short on rallies
Jul 24, 2017 07:11 am UTC| Technicals
EUR/CAD has failed to show a decisive break above 4H 100-SMA currently at 1.4664. We see scope for test of trendline support at 1.4480 levels. Technical indicators on 4-hourly charts are bearishly aligned. Stochs...
FxWirPro: GBP/JPY downside capped by 55- EMA, good to buy on dips
Jul 24, 2017 07:09 am UTC| Technicals
Major support 144 (55 EMA and trend line support). GBP/JPY has taken support near trend line and 55- day EMA and recovered slightly from that level. The pair jumped till 144.66 and is currently trading around...
Jul 24, 2017 06:46 am UTC| Technicals
Both bullish bearish flag pattern occurred, the current prices are well above SMAs but no momentum is observed (4H chart). For now, bearish flag pattern is visible on 4H chart, it is now attempting to break below a...
FxWirePro: XAG/USD fails to break key resistance at $16.52 mark, bias remains slightly bearish
Jul 24, 2017 06:40 am UTC| Technicals
XAG/USD is currently trading around $16.42 marks. It made intraday high at $16.51 and low at $16.40 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.52 mark. A...
FxWirePro: AUD/JPY fails to hold gains above weekly 200-SMA, good to go short on rallies
Jul 24, 2017 06:32 am UTC| Technicals
AUD/JPY has failed to hold break above weekly 200-SMA, intraday bias has turned bearish. The pair has formed a gravestone Doji at highs on the weekly charts. Stochs are at overbought levels and RSI flatlined. ...
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