FxWirePro: Sell S&P500 on rallies
May 30, 2019 12:26 pm UTC| Technicals
SP500 is trading weak for past 10 trading days and lost more than 4% on ongoing trade escalation. Chinese media says that China is planning to cut rare earth minerals exports to US.The yield curve inversion (3 month and 10...
May 30, 2019 10:44 am UTC| Technicals Digital Currency Insights & Views
Bitcoin cash (BCHUSD) has formed hammer pattern at $426.63 levels that prompt buying sentiments, consequently, bulls take-off rallies above DMAs, and ascending channel has been formed in the minor trend. Well, in this...
FxWirePro:EURUSD likely to break 1.1100 on trade tension, good to sell on rallies
May 30, 2019 10:26 am UTC| Technicals
EURUSD trades lower for 3rdconsecutive day and is marching towards 1.11069 low made on May 23rd2019. The main reasons US dollar strength was US and Sino trade tension. Chinese media says that China has planned to...
FxWirePro: XAG/USD hovers around $14.40 mark, stay bullish only above $14.42 mark
May 30, 2019 08:17 am UTC| Technicals
XAG/USD is currently trading around $14.36 marks. It made intraday high at $14.41 and low at $14.34 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $14.42 mark. A...
FxWirePro: FTSE100 Daily Outlook
May 30, 2019 08:17 am UTC| Technicals
FTSE100 trades weak following footsteps of global market. The decline was due to global growth concerns. Chinese media sources says that Chinese will cut its rare earth supplies to US. US 10 year bond yield continues to...
FxWirePro: GBP/JPY short setup with luring risk/reward ratio on inverse saucer pattern
May 30, 2019 07:35 am UTC| Technicals
Technical analysis (chart and candlestick patterns occurred):GBPJPYformed inverse saucer pattern on daily plotting. Bears extend through inverse saucer to signal further weakness, price in this minor trend slide...
FxWirePro: South African rand trades almost flat ahead of PPI, budget balance data
May 30, 2019 07:27 am UTC| Technicals
USD/ZAR is currently trading around 14.64 levels. It made intraday high at 14.67 and low at 14.60 levels. Intraday bias remains neutral till the time pair holds key resistance at 14.94 marks. A daily...
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