FxWirePro: EUR/USD gains some upside momentum but still bearish
Feb 23, 2017 15:10 pm UTC| Technicals
The EUR/USD rose higher on Thursday as dollar was weighed down after minutes of the latest Federal Reserve monetary policy meeting struck a cautious tone on raising interest rates, reducing expectations of a hike next...
FxWirePro:US Dollar index forms Bullish Bat pattern, good to buy on dips
Feb 23, 2017 15:01 pm UTC| Technicals
Harmonic pattern formed Bullish Bat pattern Potential Reversal Zone (PRZ)- 100.40 US Dollar index has once again declined after jumping till 101.72 level yesterday. It is currently trading around 101. On...
FxWirePro:DAX30 forms shooting star in 4H chart,good to sell on rallies
Feb 23, 2017 13:43 pm UTC| Technicals
Chart pattern shooting star Major resistance 12175 (161.8% retracement of 11892 and 11463). The index has shown a mild jump till 12033 after breaking above 12000 level. DAX is curtly trading around...
Feb 23, 2017 12:03 pm UTC| Technicals
On daily terms, shooting star is traced out at 54.22 levels to evidence the price slumps but not below DMAs, taking the supports at around 7 21DMAs it has bounced back again. Most notably, since 7DMA has crossed over...
Feb 23, 2017 11:53 am UTC| Technicals
Major trend line support 112 (trend line joining 112.36 and 112.16) Major intraday resistance 112.73 (55- day EMA) CHF/JPY breaks the trend line support of 112 and declined till 111.50 level. The pair was...
CHF/JPY breaks trend line support, further downside till 100- SMA likely
Feb 23, 2017 10:12 am UTC| Technicals
Major trend line support 112 (trend line joining 112.36 and 112.16) Major intraday resistance 112.73 (55- day EMA) CHF/JPY breaks the trend line support of 112 and declined till 111.50 level. The pair was...
FxWirePro: NZD/CAD struggles at 20-DMA at 0.9475, break above to see test of 0.9585
Feb 23, 2017 09:04 am UTC| Technicals
NZD/CAD is struggling to take gains beyond 20-DMA at 0.9475. We see Doji formation on daily charts. The pair unable to hold break above 100-DMA at 0.9465, edges lower to currently trade at 0.9458. Bias still...
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