S&P500 breaks minor trend line support, dip till 2435 likely
Jul 21, 2017 13:24 pm UTC| Technicals
SP500 formed a temporary top around 2477 and started to show a minor decline from that level. It is currently trading around 2469. The index has broken minor trend line support at 2470 and this confirms minor...
FxwirePro: US Oil forms Bearish pattern, good to sell on rallies
Jul 21, 2017 13:08 pm UTC| Technicals
Harmonic pattern Bearish AB=CD. US Oil was trading higher for the past ten days from the low of $43.69 made on Jul 10th 2017. It has made a high of $47.71 and declining sharply from that level. It is currently...
Jul 21, 2017 12:50 pm UTC| Technicals
AUD/USD is extending declines from 2-year highs at 0.7987, bias is neutral for now. Momentum indicators are at overbought levels and are showing a turn lower. Further the occurrence of a long-legged Doji at highs...
Jul 21, 2017 12:28 pm UTC| Technicals
Near term trend - down USD/CHF has broken major support at 0.95237 after two days of consolidation and declined till 0.94938 yesterday. It is currently trading around 0.95014. Any break below the low formed on...
FxWirePro: AUD/CHF holds 200-DMA support, weakness likely on break below
Jul 21, 2017 12:18 pm UTC| Technicals
AUD/CHF holds 200-DMA support at 0.7495, bias lower. Aussie weakness across the board on dovish RBA Deputy Governor Debelles comments. Debelle said that a rising AUD is complicating the economys adjustment and is...
FxWirePro: EURUSD hits fresh 14 month high, good to buy on dips
Jul 21, 2017 10:50 am UTC| Technicals
EURUSD hits fresh 14 month high yesterday after positive comments from Draghi in ECB monetary policy meeting yesterday. ECB has kept its interest rates unchanged at 0%, the marginal lending rate at 0.25% and deposit rate...
FxWirePro: EUR/JPY struggles at weekly 200-SMA, bullishness only on break above
Jul 21, 2017 10:13 am UTC| Technicals
EUR/JPY has seen multiple rejections at major resistance at weekly 200-SMA currently at 130.62. We see further bullishness only on break above. Scope then for the major to test 134.24 (78.6% Fib retrace of 141.05...
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