FxWirePro: USD/CAD forms Bearish pattern, good to sell on rallies
May 30, 2017 10:55 am UTC| Technicals
Harmonic pattern formed Bearish AB=CD pattern. Potential reversal Zone (PRZ) -1.35390. USD/CAD formed a min or bottom around 1.3387 and shown a minor jump from that level. The pair formed a potential bearish...
FxWirePro: FTSE100 forms bearish pattern, good to sell on rallies
May 30, 2017 09:10 am UTC| Technicals
Pattern formed Bearish AB=CD. Potential Reversal Zone (PPRZ) - 7560 (trend line joining 7359 and 7445). FTSE100 shown a major jump after hitting low of 7092 on Apr 20th 2017. The index is struggling to close...
FxWirePro: USD/TRY exhibits range bound movement, stay bullish only above 3.5851
May 30, 2017 08:29 am UTC| Technicals
USD/TRY is currently trading at 3.5726 levels. It made intraday high at 3.5879 and low at 3.5707 levels. Intraday bias remains neutral for the moment. Key resistances are seen at 3.5851, 3.6036, 3.6238,...
FxWirePro: USD/ZAR jumps above 13.05 mark, upside limited
May 30, 2017 07:09 am UTC| Technicals
USD/ZAR is currently trading around 13.05 levels. It made intraday high at 13.07 and low at 12.93 levels. Intraday bias remains slightly bullish for the moment. A daily close above 12.96 will take the...
FxWirePro: USD/CHF trades slightly above 10- day MA, good to buy on dips
May 30, 2017 06:59 am UTC| Technicals
USD/CHF continuing its third day of winning streak after forming a double bottom around 0.96900. The pair makes the low of 0.96938 and is currently trading around 0.97949. The pair broken minor resistance around...
FxWirePro: EUR/SEK trades in narrow range ahead of Sweden’s GDP data
May 30, 2017 06:19 am UTC| Technicals
EUR/SEK is currently trading around 9.7142 levels. It made intraday high at 9.7183 and low at 9.7096 levels. Intraday bias remains neutral till the time pair holds key support at 9.7000 mark. A sustained...
FxWirePro: Gold trades firm near one month high, good to buy on dips
May 30, 2017 06:06 am UTC| Technicals
Gold prices has recovered almost $40 from the low of $1226.75 made previous week and is trading steadily at one month high on political uncertainty in U.S and is currently trading around $1265. The upside is limited...
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