Mar 27, 2018 08:13 am UTC| Technicals
Chart and candlestick patterns occurred: Minor trend forms hammer and bullish engulfing patterns. The intermediate trend has been spiking through rising wedge pattern which is bullish in nature. Hammer occurred at...
FxWirePro: Gold trades higher on weak US dollar, good to buy on dips
Mar 27, 2018 07:09 am UTC| Technicals
Gold has shown a good jump almost more than $10 on account of weak US dollar. The yellow metal hits high of $1356.76 and is currently trading around $1355.90. US dollar index was trading weak and has broken major...
FxWirePro: DAX30 recovers on positive global cues, good to buy on dips
Mar 27, 2018 06:37 am UTC| Technicals
DAX index recovered almost more than 250 points from the low of 11705 as trade tension eases. US markets gained sharply almost more than 2.5% largest percentage gain since 2015. The main reason for the recovery is that US...
FxWirePro: EUR/AUD extends 'Symmetric Triangle, breakout, eyes 88.6% Fib at 1.6248
Mar 27, 2018 06:27 am UTC| Technicals
EUR/AUD is extending breakout above Symmetric Triangle pattern and we see scope for further upside. Technical indicators on weekly charts support upside in the pair. RSI strong around 70 levels and momentum studies...
FxWirePro: NZD/USD struggles at 0.73 handle, break above to see further upside
Mar 27, 2018 03:37 am UTC| Technicals
Risk-off in the early Asia as the Japanese land sale scandal comes back into focus keeping the antipodeans subdued. NZD/USD struggles to extend gains above 0.73 handle, breakout to see further upside. With little...
FxWirePro: Go long on XAG/USD around $16.70 with stop loss at $16.62 and target of $17.08
Mar 27, 2018 03:23 am UTC| Technicals
XAG/USD is currently trading around $16.71 marks. It made intraday high at $16.72 and low at $16.63 levels. Intraday bias remains bullish till the time pair holds key support at $16.48 mark. A daily close...
Mar 27, 2018 02:55 am UTC| Technicals
USD/TWD is currently trading around 29.10 marks. It made intraday high at 29.12 and low at 29.07 marks. Intraday bias remains bearish till the time pair holds key resistance at 29.22 mark. A daily close...
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