FxWirePro: EUR/AUD hit 4-month highs at 1.5190, scope for test of 61.8% Fib, stay long
Oct 11, 2017 07:06 am UTC| Technicals
EUR/AUD hits 4-month highs at 1.5190, intraday bias higher. The pair is trading a Rising Triangle pattern and has broken major trendline resistance at 1.5155. We now see scope for test of 61.8% Fib retrace of...
FxWirePro: GBP/USD forms Bearish pattern, good to sell on rallies
Oct 11, 2017 06:53 am UTC| Technicals
Harmonic pattern formed Bearish AB=CD pattern. Cable has shown a huge recovery from the low of 1.30270 made on Oct 6th 2017. The pair jumped almost 0.50% yesterday after better than expected UKS industrial and...
FxWirePro: AUD/JPY struggles to hold retrace above 50-DMA, bias lower, stay short
Oct 11, 2017 06:41 am UTC| Technicals
AUD/JPY edges lower from session highs at 87.64, struggles to hold retrace above 50-DMA. Aussie remained better bid on the back of upbeat Westpac consumer sentiment data, while the Yen failed to benefit from solid...
FxWirePro: USD/CNY hits fresh 3-week low at 6.5690 mark, PBOC sets yuan mid-point at 6.5841
Oct 11, 2017 06:22 am UTC| Technicals
USD/CNY is currently trading around 6.5788 marks. It made intraday high at 6.5851 and low at 6.5690 levels. Intraday bias remains neutral till the time pair holds key support at 6.5717 mark. A sustained...
Oct 11, 2017 06:06 am UTC| Technicals Insights & Views
Shooting star pattern candles have occurred at 0.8051 and again at 0.8033 levels on AUDUSD peaks of rallies (refer daily chart). The same pattern has occurred at 0.7825 levels on monthly terms Consequently, the bears...
Gold faces strong resistance at 50 –day MA, good to buy on dips
Oct 11, 2017 06:02 am UTC| Technicals
Gold has rallied almost $13 yesterday and hits fresh 1- week high on weak U.S dollar and geo political tensions. The yellow metal jumped almost $34 from the low of $1260 made on Friday Tensions have increased between...
FxWirePro: NZD/CAD recovery capped at 5-DMA, bias lower, stay short
Oct 11, 2017 05:43 am UTC| Technicals
NZD/CAD upside remains capped below 5-DMA, trades 0.26% lower on the day. Renewed concerns over the New Zealand political scenario to keep kiwi under pressure. Nationalist Party leader himself dropped a...
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