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FxWirePro: EUR/CAD dragonfly props up rallies in major trend but struggles for momentum, failure swings to bring in more slumps on bearish EMA crossover

Mar 30, 2017 12:00 pm UTC| Technicals

The major trend of this pair has been moving through rising channel, where it has formed thedouble top pattern. Dragonfly Doji candle occurred at 1.4064 levelwhich is exactly at channel line support (refer monthly...

FxWirePro:USD/CHF trades slightly above 0.9960, a jump till 1.00230 likely

Mar 30, 2017 10:38 am UTC| Technicals

Major resistance 0.9960 The pair shown mild jump till 0.9980 after breaking above 0.9960 level. It is currently trading around 0.99665 . Any break above 0.9960 will push the pair till 1.00230 (55- day EMA) and...

FxWirePro: NZD/USD capped below major trendline resistance, good to go short on rallies

Mar 30, 2017 08:52 am UTC| Technicals

NZD/USD hovers around 5-DMA, but remains capped below major trendline resistance at 0.70. A follow through greenback recovery, with DXY reclaiming the key 100.00 psychological mark, has been weighing on the...

FxWirePro: EUR/SEK consolidates around key resistance at 9.5522, sustained close above targets 9.5961

Mar 30, 2017 08:20 am UTC| Technicals

EUR/SEK is currently trading around 9.5548 levels. It made intraday high at 9.5564 and low at 9.5406 levels. Intraday bias remains bullish for the moment. A sustained close above 9.5522 tests key resistances...

FxWirePro: South African rand erases previous loss against U.S. dollar, stay bearish

Mar 30, 2017 07:38 am UTC| Technicals

USD/ZAR is currently trading around 12.92 levels. It made intraday high at 13.09 and low at 12.89 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.15 marks. A daily close...

FxWirePro: EUR/USD faces strong support at 1.0735, beak below confirms minor weakness

Mar 30, 2017 07:11 am UTC| Technicals

Major support - 1.073500 (trend line joining 1.04948 and 1.06072). Major intraday resistance - 1.08200 (4H Kijun-Sen). EUR/USD formed a temporary at 1.0958 on Mar 27th and continuously declining from that level....

FxWirePro: Copper rejected at 50-DMA, good to go short on break below 5-DMA at 2.6550

Mar 30, 2017 06:57 am UTC| Technicals

Copper has been rejected at 50-DMA and has edged lower to currently hovers around minor support by 5-DMA at 2.6550. We see the pair trading in a downward sloping channel, and break below 5-DMA adds downside. We...

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