FxWirePro: Nikkei225 downside capped by 55- 4H MA, good to buy on dips
Nov 14, 2017 03:33 am UTC| Technicals
Nikkei has shown a minor pullback after hitting low of 22106. The index hits 25- year high at 23423 and declined almost 1300 points from the high on account of profit booking and weak global markets. It is currently...
Nov 14, 2017 03:19 am UTC| Technicals
USD/CNY is currently trading around 6.6426 marks. It made intraday high at 6.6427 and low at 6.6349 levels. Intraday bias remains neutral for the moment. A sustained close above 6.6405 marks will test key...
FxWirePro: EUR/KRW trades in narrow range, bias remains neutral
Nov 14, 2017 02:05 am UTC| Technicals
EUR/KRW is currently trading around 1,302 mark. Pair made intraday high at 1,306 and low at 1,302 levels. Intraday bias remains neutral for the moment. A sustained close above 1,304 will take the parity...
FxWirePro: Aussie strengthens in early Asia on robust NAB business confidence data
Nov 14, 2017 01:39 am UTC| Technicals
AUD/NZD is currently trading around 1.1085 marks. Pair made intraday high at 1.1088 and low at 1.1034 marks. Intraday bias remains bullish till the time pair holds key support at 1.1010 mark. A sustained...
FxWirePro: S&P 500 breaks minor trend line support, dip till 2543 likely
Nov 13, 2017 13:03 pm UTC| Technicals
SP has formed a temporary top around 2596 and is showing a minor decline from that level. The index broken minor trend line support at 2581 and declined till 2573. It is currently trading around 2575. The index is...
Nov 13, 2017 12:59 pm UTC| Technicals
Chart pattern formed- falling wedge pattern. Please be noted that the back to back shooting star patterns have occurred exactly at this juncture and they have shown their bearish effects so far. Major supports are...
FxWirePro: USD/CHF declines slightly on safe haven demand, good to sell on rallies
Nov 13, 2017 12:25 pm UTC| Technicals
USD/CHF has shown a minor jump after forming a bottom around 0.99218 on Nov 9th 2017 low. The pair declined till 0.99218 and is currently trading around 0.99380. GOP Senate leaders announced a tax package that it will...
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