FxWirePro: FTSE100 forms double to pin weekly chart, good to sell on rallies
Oct 17, 2016 08:03 am UTC| Technicals
Pattern Formed Double Top FTSE100 retreated once again after jumping till 7129 in the previous week. It is currently trading around 6989. In the weekly chart, it has formed a double top around 7130 and any...
FxWirePro: USD/TRY hovers around 3.09 mark, down side limited
Oct 17, 2016 07:24 am UTC| Technicals
USD/TRY is currently trading at 3.0906 levels. It made intraday high at 3.0987 and low at 3.0797 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 3.0712...
FxWirePro: EUR/JPY holds 20-DMA support, focus on Eurozone final CPI data
Oct 17, 2016 06:51 am UTC| Technicals
EUR/JPY trades a narrow range ahead of release of Eurozones final Sept CPI data. Analysts see no reason to expect any deviation from the initial print of 0.4% Y/Y. Major resistance lies at 100-DMA currently at...
FxWirePro: GBP/JPY upside capped by 9-day EMA, good to sell on rallies
Oct 17, 2016 06:48 am UTC| Technicals
Major resistance 128.10 (9- day EMA). Major support- 125.99 (61.8% retracement of 124.82 and 127.93). GBP/JPY jumped drastically from the low of 125.92 made on 13th Oct 2016.It is currently trading around...
FxWirePro: USD/ZAR remains well supported above 14.00 mark, good to buy on dips
Oct 17, 2016 06:42 am UTC| Technicals
USD/ZAR is currently trading around 14.31 levels. It made intraday high at 14.35 and low at 14.17 levels. Intraday bias remains bullish till the time pair holds key support at 14.20 marks. A daily close...
Oct 17, 2016 06:22 am UTC| Technicals
On weekly charts, the NZDUSDs bearish momentum has been intensified after drops below DMAs, likely to extend slumps as it breaches below major supports (0.7228 and 0.7150 levels) of amid any abrupt upswings. The pair...
FxWirePro: USD/JPY consolidates break above 100-DMA, upside struggles to gain momentum
Oct 17, 2016 06:13 am UTC| Technicals
USD/JPY extends consolidation after break above 100-DMA resistance. Upside struggling to gain momentum, techs, however, support upside. We see weakness only on break below 100-DMA at 103.23. BOJs Governor...
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