FxWirePro: NZD/CAD capped at 5-DMA (0.9007), good to go short on break below 0.8912
Sep 26, 2017 10:05 am UTC| Technicals
NZD/CAD upside falters shy of 38.2% Fib retrace of 0.9758 to 0.8740 fall at 0.9129. The kiwi dented by poor data and inconclusive election results which culminated in a hung parliament. The pair is extending...
FxWirePro: EUR/USD hits 3- week low, good to sell on rallies
Sep 26, 2017 09:44 am UTC| Technicals
EUR/USD has broken the Aug low of 1.1823 on German political uncertainty after elections. The pair declined till 1.18100 and is currently trading around 1.18187. German Mrs Merkel won for the fourth term as chancellor...
FxWirePro: US Oil forms bearish Butterfly pattern, good to sell on rallies
Sep 26, 2017 09:17 am UTC| Technicals
Harmonic pattern formed Bearish Butterfly pattern Potential reversal Zone (PRZ) - $53.35 (161.8% retracement of $50.40 and $45.84). WTI crude oil has shown a good jump after breaking high of $51.09 made on Sep...
FxWirePro: US Oil forms bearish Butterfly pattern, good to sell on rallies
Sep 26, 2017 09:17 am UTC| Technicals
Harmonic pattern formed Bearish Butterfly pattern Potential reversal Zone (PRZ) - $53.35 (161.8% retracement of $50.40 and $45.84). WTI crude oil has shown a good jump after breaking high of $51.09 made on Sep...
FxWirePro: AUD/JPY eyes 20-DMA at 88.13, bias bearish, stay short
Sep 26, 2017 09:06 am UTC| Technicals
AUD/JPY is extending downside along the Bullish Cypher formation on the daily charts. The pair is in the red for 4th successive session after failure to hold trendline breakout. Technical studies have turned...
FxWirePro: USD/CNY hits fresh 4-week high at 6.6324 mark, PBOC sets yuan mid-point at 6.6076
Sep 26, 2017 07:53 am UTC| Technicals
USD/CNY is currently trading around 6.6294 marks. It made intraday high at 6.6324 and low at 6.6124 levels. Intraday bias remains bullish till the time pair holds key support at 6.6211 mark. A sustained...
FxWirePro: GBP/JPY faces strong support at 10- day MA, break below targets 146
Sep 26, 2017 07:30 am UTC| Technicals
GBP/JPY has shown a huge decline yesterday after continuous bullish trend for past days. The pair declined slightly below 150 and once again recovered from that level. It is currently trading around 150.80. The pair...
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