FxWirePro: South African rand erases previous loss against U.S. dollar, good to sell on rallies
Sep 22, 2017 07:34 am UTC| Technicals
USD/ZAR is currently trading around 13.18 levels. It made intraday high at 13.29 and low at 13.18 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.27 mark. A daily close...
FxWirePro: CADJPY forms Bearish pattern, good to sell on rallies
Sep 22, 2017 07:03 am UTC| Technicals
Harmonic Pattern Bearish AB=CD pattern CADJPY is consolidating in narrow range after hitting a high of 91.63 on Sep 15th 2017 high. It is trading between 91.49 and 90.41 for the past 4 trading session. It is...
FxWirePro: Chinese yuan trades almost flat as S&P lowers sovereign credit rating
Sep 22, 2017 07:02 am UTC| Technicals
USD/CNY is currently trading around 6.5887 marks. It made intraday high at 6.5905 and low at 6.5719 levels. Intraday bias remains neutral till the time pair holds key support at 6.5700 mark. A sustained...
FxWirePro: Copper extends break below 50-DMA, bias lower, stay short
Sep 22, 2017 07:00 am UTC| Technicals
Copper is extending break below 50-DMA, slips below 2.90 handle. Cloud is strong support on the downside at 2.8722, break below will see further weakness. Downside continues for 3rd consecutive week, copper...
FxWirePro: Gold recovers slightly on escalated geopolitical tensions, good to sell on rallies
Sep 22, 2017 06:07 am UTC| Technicals
Gold prices recovered slightly from the 4- week low on account of escalated tensions in North Korea. The yellow metal jumped almost $10 from yesterday low. It is currently trading around $1297 0.52% higher. US...
Sep 22, 2017 06:04 am UTC| Technicals Insights & Views
On daily terms, the stiff resistance is seen at 1.1144 levels. That is where, a few set of bearish pattern candlesticks, such as, Shooting star, hanging man the bearish engulfing candle at 1.1083, 1.1126, 1.0921 levels...
Sep 22, 2017 05:57 am UTC| Technicals
AUD/JPY is extending downside after the pair failed to hold major trendline breakout. The pair continues lower along the Bullish Cypher formation on the daily charts. Technicals on daily charts have turned...
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