FxWirePro: WTI Crude oil forms Bullish Cypher Pattern, good to buy at dips
Feb 03, 2016 09:48 am UTC| Technicals
Harmonic Pattern formed - Bullish Cypher pattern Potential Reversal Zone - $27.53. WTI oil has made a low of $29.38 and started to recover from that level. It is currently trading around $30.32. On the...
FxWirePro: DAX faces strong support at 9250, good to buy at dips
Feb 03, 2016 09:13 am UTC| Technicals
Major support - 9250 (Jan 20th low) The index has recovered till 9551 at the time of writing after making a low of 7458. It is currently trading at trend is slightly bullish as long as support 9250 holds. On the...
Feb 03, 2016 07:45 am UTC| Technicals
TheU.K.s construction PMI dropped to a seasonally adjusted 55.0 last month from a reading of 57.8 in December to miss the forecasts at 57.6 in January. This leading indicator of economic health - businesses reacting...
FxWirePro: BTC/USD faces strong resistance around $402, good to sell on rallies
Feb 03, 2016 07:44 am UTC| Technicals Digital Currency
BTC/USD is trading in narrow range $380-$364 for the past two trading session.It is trading around $373. Intraday trend is weak as long as long as resistance $402 holds. On the higher side any break above $402 will...
FxWirePro: CAD/JPY faces strong support at 200 day 4HMA, good to sell on rallies
Feb 03, 2016 06:53 am UTC| Technicals
Major support: 84.65 (200 day MA) Major resistance -85.75 (Tenken-Sen) The pair has taken support near 200 day MA and slightly recovered from that level. Short term trend is bearish as long as resistance 85.75...
FxWirePro: AUD/JPY upside stalls, good to sell rallies around 84.20
Feb 03, 2016 06:49 am UTC| Technicals
Pair unable to extend gains beyond 86.35 levels which is also 61.8% Fib retrace of 90.72 to 79.21 fall. Pair rejected at strong trendline resistance on Tuesday, sees big slump.Spinning top formation evidenced when...
EUR/USD remains neutral below $1.1059, Euro zone Services PMI data in focus
Feb 03, 2016 06:36 am UTC| Technicals
Pair is currently trading at $1.0916 levels, made intraday high at $1.0935 and low at $1.0911 levels. Intraday bias remains under consolidation pattern below $1.1059 levels, a break of $1.1059 will bring another rise in...
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