GBP/USD breaks below 1.2600 handle, decline till 1.23000 possible
Dec 07, 2016 10:11 am UTC| Technicals
Major resistance 1.27750 Major support 1.26000 Cable forms a temporary top around 1.27750 yesterday and sho9wn a massive selling from that level. It is currently trading around 1.25899. The pair breaks...
Dec 07, 2016 10:04 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. Shooting stars are appeared at 1.6978, 1.7036 and yesterday again at...
DAX30 breaks major resistance at 10830, jump till 11300 likely
Dec 07, 2016 09:11 am UTC| Technicals
Major Resistance- 10830 (Oct 25th 2016 high) Major support 10425 (trend line joining 9302 and 10200). The index jumped sharply after breaking major resistance10830. It is currently trading around 10925. On...
FxWirePro:GBP/JPY forms Bullish Gartley pattern, good to buy on dips
Dec 07, 2016 07:35 am UTC| Technicals
Harmonic Pattern formed Bullish Gartley Pattern Potential Reversal Zone (PRZ) 143.15 The pair jumped slightly from the low of 144.03 but not able hold at higher levels. It has made a high of 145.62 yesterday...
FxWirePro: AUD/NZD capped below 20-DMA, intraday bias lower
Dec 07, 2016 07:35 am UTC| Technicals
AUD/NZD sandwiched between 20-DMA and major trendline support at 1.0420. Technical indicators support downside, momentum studies are weak with RSI below 50 levels. Break below trendline (currently) at 1.0415 will...
FxWirePro: USD/CNY jumps above 6.89 mark, PBOC sets yuan mid-point at 6.8808
Dec 07, 2016 07:34 am UTC| Technicals
USD/CNY is currently trading around 6.8926 marks. It made intraday high at 6.8947 and low at 6.8768 levels. Intraday bias remains bullish till the time pair holds key support at 6.8570 mark. A sustained...
FxWirePro: EUR/AUD struggles to hold gains above 50-DMA, bias higher, stay long
Dec 07, 2016 07:14 am UTC| Technicals
EUR/AUD edges lower from fresh weekly highs at 1.45 handle on Tuesday. The pair has broken minor trendline support at 1.4325 and edged higher to take out 50-DMA. Gains above 0.75 handle were not sustained, pair...
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