FxWirePro:USD/CHF forms Bearish Bat pattern, good to sell on rallies
Mar 01, 2017 12:33 pm UTC| Technicals
Harmonic pattern formed Bearish Cypher pattern Potential Reversal Pattern (PRZ)- 1.01400 USD/CHF has formed potential Bearish Cypher pattern which is expected to be completed at 1.01160 level . It is currently...
FxWirePro: EUR/JPY breaks above 100-DMA, good to go long on dips
Mar 01, 2017 12:10 pm UTC| Technicals
EUR/JPY has held 5-DMA support on daily charts, intraday bias higher. The pair has shown a break above 100-DMA at 119.51. Technical studies are bullish, RSI and Stochs support upside in the pair. Next major...
Mar 01, 2017 10:54 am UTC| Technicals
EURGBP has been highly puzzling and turbulent but has been dipping especially ahead of European elections are nearing. On weekly plotting, the pair has formed head should pattern with thehead at 0.9270, 1st shoulder at...
FxWirePro: DAX30 forms Bearish BAT pattern, good to sell on rallies
Mar 01, 2017 09:46 am UTC| Technicals
Harmonic pattern formed Bearish Bat pattern Potential Reversal Zone (PRZ) - 12035 The index has formed a minor bottom around 11726 and jumped sharply from this level. DAX30 is trading around 11985 50 points away...
EUR/USD breaks trend line support, declined till 1.04530 likely
Mar 01, 2017 09:11 am UTC| Technicals
Major resistance 1.06305 (Feb 27th high) Major support 1.05680 (trend line joining 1.05370 and 1.05510) EURUSD forms double top around 1.06300 level and declined sharply from that level. The pair has also...
FxWirePro: USD/ZAR stabilizes above 13.00 mark, faces strong resistance at 13.17
Mar 01, 2017 08:41 am UTC| Technicals
USD/ZAR is currently trading around 13.10 levels. It made intraday high at 13.15 and low at 13.06 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.17 marks. A daily...
FxWirePro: AUD/NZD faces major trendline resistance at 1.075, good to go long on break above
Mar 01, 2017 07:37 am UTC| Technicals
AUD/NZD bounces off 20-DMA support at 1.0626 on Tuesdays trade. The pair is up 1.03% on the day till now after Aussie was buoyed by upbeat data. Australia Q4 GDP Q/Q increase to 1.1%, beating forecast for 0.7%...
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