Nov 20, 2017 08:59 am UTC| Technicals
Chart and candlestick pattern formed - Rising channel pattern (on weekly plotting) and hammer patterns with bullish DMA crossover (on daily plotting). Contemplating and synthesizing these chart and candle patterns,...
FxWirePro: EUR/JPY tests 100-DMA support at 131.21, good to go short on decisive break below
Nov 20, 2017 08:43 am UTC| Technicals
Euro weighed down by German political news, as Merkel fails to pull together a coalition government. A new election now looking a distinct possibility, which is likely to keep pressure on the single...
FxWirePro: Silver trades marginally lower, faces strong support at $16.98 mark
Nov 20, 2017 07:45 am UTC| Technicals
XAG/USD is currently trading around $17.14 marks. It made intraday high at $17.28 and low at $17.13 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $17.28 mark. A...
FxWirePro: USD/ZAR rejects key support at 13.95 mark, short term trend reversal likely
Nov 20, 2017 07:03 am UTC| Technicals
USD/ZAR is currently trading around 14.04 levels. It made intraday high at 14.05 and low at 13.94 levels. Intraday bias remains slightly bullish till the time pair holds key support at 13.94 mark. A daily...
FxWirePro: AUD/JPY extends weakness below 200-DMA, on track to test 78.6% Fib at 83.37, stay short
Nov 20, 2017 06:38 am UTC| Technicals
AUD/JPY edges higher from fresh 5-month lows at 84.50, currently trades around 84.78 levels. The major is extending grind after break below 200-DMA which is currently major resistance at 86 levels. Technical...
Nov 20, 2017 06:22 am UTC| Technicals
USDJPY pops up bearish engulfing pattern candle at 112.085 that signals more weakness in the days to come. Earlier this month, back-to-back bearish patterns such as shooting star and hanging man patterns have occurred...
FxWirePro: USD/CNY consolidates around 6.63 mark, PBOC sets yuan mid-point at 6.6271
Nov 20, 2017 06:14 am UTC| Technicals
USD/CNY is currently trading around 6.6352 marks. It made intraday high at 6.6355 and low at 6.6244 levels. Intraday bias remains neutral for the moment. A sustained close above 6.6405 marks will test key...
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