Dec 01, 2016 11:40 am UTC| Technicals Insights & Views
Well, WTI crude prices have hit $50 mark again, that is where you could trace out a bullish engulfing candle pattern in this week with one to spare. Clearly, yesterdays OPEC production cut agreement was much more...
FxWirePro:USD/CAD trades lower on account of OPEC production cut, good to sell on rallies
Dec 01, 2016 10:50 am UTC| Technicals
Canadian dollar rises to three week high yesterday after OPEC production deal got finalized. OPEC members agreed to cut oil production to 32.5 million barrels per day from the previous 33.7 million barrels per...
GBP/USD trades slightly higher, market awaits UK PMI for further direction
Dec 01, 2016 09:03 am UTC| Technicals
Major resistance 1.2550 (trend line joining 1.24805 and 1.24885) Major support 1.2380 Economic data UK Manufacturing PMI (9:30 GMT) Cable breaks the major trend line resistance around 1.2545 and...
S&P500 breaks minor trend line support, slight decline till 2150 likely
Dec 01, 2016 07:34 am UTC| Technicals
Pattern formed Double top SP500 index has formed double top in daily chart at 2015 level. The index jumped till 2214.20 yesterday and started to show slight fall from the high. It is currently trading around...
FxWirePro: EUR/GBP holds major trendline support at 0.8450, focus on eurozone PMI data
Dec 01, 2016 07:23 am UTC| Technicals
EUR/GBP is trading a narrow range as we head into the European session. The pair is holding above major trendline support (currently at 0.8450) from a few trading sessions. We see weakness on break below, test of...
FxWirePro: Prefer to short XAG/USD around $16.55 with stop loss at $16.75 and target of $16.11
Dec 01, 2016 07:18 am UTC| Technicals
XAG/USD is currently trading around $16.51 marks. It made intraday high at $16.56 and low at $16.21 levels. Intraday bias remains neutral till the time pair holds immediate resistance at $16.75 marks. A...
Dec 01, 2016 07:16 am UTC| Technicals
На момент написания GBP/USD торговалась с повышением на 0.21% в районе 1.2532. Ближайшее сопротивление отмечено в районе 1.2675 (максимум 11 ноября), затем неподалеку от 1.2809 (100-дневная sma). Пробой 1.2462 (20-дневная...
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