FxWirePro: NZD/USD upside shows signs of exhaustion, bearish divergence adds downside bias
Jul 20, 2017 10:57 am UTC| Technicals
NZD/USD is extending previous sessions retracement from fresh 9-month highs at 0.7387. The major has likely formed a triple top and that coupled with bearish divergence on RSI and Stochs suggests an impending...
FxWirePro: EUR/USD trades lower ahead of ECB meeting, good to buy on dips
Jul 20, 2017 10:07 am UTC| Technicals
Euro has been declining for past two days ahead of ECB monetary policy meeting .The pair hits new 52 week high at 1.15830 on Jul 18th 2017. The central bank is expected to keep policy rates unchanged. There are speculation...
FxWirePro: EUR/CAD trades rangebound ahead of ECB, finds strong support at 1.4477
Jul 20, 2017 10:01 am UTC| Technicals
Markets wary ahead of ECB policy meeting, EUR/CAD is trading a narrow range. The pair slipped below 5-DMA on Wednesdays trade, which is capping upside on the day. Bullish divergence seen on RSI and Stochs. Raises...
FxWirePro: FTSE100 trades higher, good to buy on dips
Jul 20, 2017 09:45 am UTC| Technicals
FTSE100 forms a minor bottom near 7300 and recovered sharply from that level. The index jumped till 7468 at the time of writing. It is currently trading around 7469. UK FTSE100 broken minor trend line resistance...
Jul 20, 2017 09:39 am UTC| Technicals Insights & Views
The pair forms the double top pattern with top 1 at 1.5227 and top 2 at 1.5075 levels. The todays rallies seem to be unlikely to sustain, and hence, use them for fresh shorts build ups as the bears manage to breach...
FxWirePro: NZD/CAD finds major support at 0.9198, good to go short on break below
Jul 20, 2017 09:18 am UTC| Technicals
NZD/CAD in the red for the fourth successive week, bias still lower. The pair finds immediate strong support at 0.9198 (weekly 100-SMA). Technical studies on weekly charts support downside. RSI is below 50 levels...
FxWirePro: USD/ZAR rejects key support at 12.88 mark, stay bullish only above 13.05
Jul 20, 2017 07:49 am UTC| Technicals
USD/ZAR is currently trading around 12.96 levels. It made intraday high at 12.97 and low at 12.89 levels. Intraday bias remains bullish till the time pair holds key support at 12.88 mark. A daily close...
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