Dec 16, 2016 13:22 pm UTC| Technicals
Pattern formed - Shooting Star Major support 146 (5- day MA). The pair has formed shooting star candlestick pattern in the daily chart .GBP/JPY jumped till 148.45 and started to decline sharply from that level....
FxWirePro:EUR/USD upside capped by 3- day EMA , good to sell on rallies
Dec 16, 2016 13:18 pm UTC| Technicals
Major resistance- 1.0495 (3- day EMA). Major support 1.03500. EUR/USD breaks major support at 1.04600 previous year low and declined till 1.03600 yesterday. It has slightly recovered from fresh year low till...
FxWirePro:GBP/JPY forms shooting star pattern, good to sell on rallies
Dec 16, 2016 12:37 pm UTC| Technicals
Pattern formed - Shooting Star Major support 146 (5- day MA) The pair has formed shooting star candlestick pattern in the daily chart .GBP/JPY jumped till 148.45 and started to decline sharply from that level....
FxWirePro: Bullish RSI divergence on AUD/CAD, good to go long on dips
Dec 16, 2016 10:14 am UTC| Technicals
AUD/CAD fails to close above 200-DMA, remains capped below 5-DMA at 0.9826. We see bullish RSI divergence on daily charts. The pair finds strong support at 0.9750 (trendline), bullish invalidation only on break...
DAX30 trades slightly above 161.8%, jump till 11880 likely
Dec 16, 2016 10:04 am UTC| Technicals
Major Resistance- 11327 (161.8% retracement of 10830 and 10025) Major support 10485 (trend line joining 9302 and 10200). The index broken 161.8% fibo level 11327 and jumped till 11399.It is currently trading...
Dec 16, 2016 09:19 am UTC| Technicals
On daily charts, back-to-back shooting star candle patterns are traced out at peaks of interim upswings and stiff resistance at 1.7043. Bearish patterns have been popping up to signify the selling sentiments surrounded...
FxWirePro: AUD/USD holds major trendline support at 0.7340, good to short break below
Dec 16, 2016 08:52 am UTC| Technicals
AUD/USD is holding major trendline support at 0.7340. Technical indicators are supporting further downside. RSI shows strong downside momentum. MACD line is showing a bearish crossover on signal line. Break...
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