FxWirePro: Potential 'Bearish Gartley' on NZD/JPY, good to go short on rallies
Feb 21, 2017 07:00 am UTC| Technicals
We have identified a potential Bearish Gartley pattern on NZD/JPY 4-hourly charts. We see potential for some upside in the pair if there is a breakout above 5-DMA at 81.56. NZD/JPY weekly charts show weakness for the...
FxWirePro: USD/CNY breaks key resistance at 6.8709, stay bullish
Feb 21, 2017 06:54 am UTC| Technicals
USD/CNY is currently trading around 6.8811 marks. It made intraday high at 6.8860 and low at 6.8733 levels. Intraday bias remains bullish till the time pair holds key support at 6.8639 mark. A sustained...
FxWirePro: EUR/JPY holds above 100-DMA, break below will accentuate weakness
Feb 21, 2017 06:18 am UTC| Technicals
Widening European bond yields in wake of political uncertainty in the euro area likely to keep the single currency subdued. Latest OpinionWay poll show first-round support for Le Pen rising 1% point to 27%. Also,...
FxWirePro: XAG/USD hovers around key support at $17.92 mark, consistent close below targets $17.68
Feb 21, 2017 06:16 am UTC| Technicals
XAG/USD is currently trading around $17.93 marks. It made intraday high at $18.03 and low at $17.93 levels. Intraday bias remains bearish till the time pair holds key resistance at $18.05 mark. A daily close...
FxWirePro: Gold forms head and shoulder pattern, good to sell below $1232
Feb 21, 2017 06:15 am UTC| Technicals
Pattern formed Head and shoulder pattern The yellow metal has taken support near 200- H MA and slightly jumped from that level. Gold is trading weak on account of strong U.S dollar. It is currently trading around...
FxWirePro: NZD/USD resumes downside after brief consolidation on Monday, eyes 200-DMA at 0.7131
Feb 21, 2017 05:44 am UTC| Technicals
NZD/USD resumes downside after brief consolidation on Mondays trade, bias lower. Renewed buying interest seen in the greenback in the Asian hours on the back of a rebound in US treasury yields. Investors gear up for...
FxWirePro: USD/INR trades in narrow range, faces strong support at 66.99
Feb 21, 2017 05:00 am UTC| Technicals
USD/INR is currently trading around 67.01 marks. It made intraday high at 67.05 and low at 66.99 marks. Intraday bias remains neutral till the time pair holds key support at 66.99 marks. Key resistances are...
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