GBP/USD forms contracting triangle pattern, break below 1.2400 targets 1.2260
Feb 21, 2017 12:31 pm UTC| Technicals
Major intraday support - 1.23800 (Feb 15th 2017 low) Major Resistance 1.2505 (trend line joining 1.25820 and 1.25482). Cable has once again declined after making a high of 1.2480.It is currently trading around...
FTSE100 breaks minor trend line support, decline till 7214 likely
Feb 21, 2017 09:17 am UTC| Technicals
Chart pattern formed Double top Major support - 7280 (trend line joining 7145 and 7253) Major resistance- 7322 FTSE100 has formed a temporary top around 7322 and started to decline from that level. It is...
FxWirePro: South African rand marginally lower against U.S. dollar, stay bearish
Feb 21, 2017 08:16 am UTC| Technicals
USD/ZAR is currently trading around 13.08 levels. It made intraday high at 13.09 and low at 13.01 levels. Intraday bias remains slightly bullish for the moment. A daily close above 13.01 will take the...
FxWirePro: GBP/JPY recovers sharply from the low of 139.62, good to buy on dips
Feb 21, 2017 07:34 am UTC| Technicals
Major resistance - 142.15 (trend line joining 144.78 and 144.69) Major support 139.40 (200- day MA) GBP/JPY has taken support near 200 day MA at 139.50 and recovered sharply from that level. Short term trend is...
Feb 21, 2017 07:26 am UTC| Technicals
NZD/CAD finds major support by 200-DMA at 0.9370. We see weakness only on break below. 5-DMA has curved north, we see some upside on intraday charts. Scope for test of 100-DMA at 0.9466. Violation there could see...
Feb 21, 2017 07:21 am UTC| Technicals
The pair forms double top with bearish patterns such as gravestone doji and shooting star candles at peaks (with top 1 at 0.7708 and top 2 at 0.7778 levels). Gravestone Doji occurred again on last weeks candlestick...
FxWirePro: Potential 'Bearish Gartley' on NZD/JPY, good to go short on rallies
Feb 21, 2017 07:00 am UTC| Technicals
We have identified a potential Bearish Gartley pattern on NZD/JPY 4-hourly charts. We see potential for some upside in the pair if there is a breakout above 5-DMA at 81.56. NZD/JPY weekly charts show weakness for the...
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