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FxWirePro: ETH/EUR capped at 5-DMA at 425, on track to test 78.6% Fib 382, stay short

Mar 26, 2018 11:23 am UTC| Technicals Digital Currency

ETH/EUR down 4.15% on the day, remains capped at 5-DMA at 425 levels. Technical indicators are highly bearish. We see scope for further weakness. Price action rages in Symmetric Triangle pattern and we see scope...

FxWirePro: Copper breaks below 200-DMA, on track to test 38.2% Fib at 2.791, stay short

Mar 26, 2018 10:14 am UTC| Technicals

Copper is extending weakness after break below 200-DMA at 3.0317. The pair has shown a decisive breach at channel base support in the previous weeks trade raising scope for further weakness. Price action is down...

FxWirePro: GBP/JPY takes support near 233- day MA, good to buy on dips

Mar 26, 2018 09:49 am UTC| Technicals

GBP/JPY has shown a good jump almost 148 pips in Asian session on easing trade war concerns. The yen has shown a minor recovery against all pairs due to short covering. But overall trend is still bearish. USD dollar was...

FxWirePro: Gold rebounds with bullish engulfing patterns to counter double top formation – Trade boundary binaries and delta hedges on extension of rising wedge

Mar 26, 2018 09:36 am UTC| Technicals

The gold (XAUUSD) on daily terms: Bullish engulfing patterns have occurred at 1332.05 and 1347.12 levels that counter the previous formation of the double top. These bullish patterns have occurred after testing strong...

FxWirePro: GBP/AUD struggles at 200W SMA at 1.8378, further upside only on break above

Mar 26, 2018 09:25 am UTC| Technicals

GBP/AUD is trading in a Rising Wedge pattern and price has shown a break above Wedge Top at 1.8295 in last weeks trade. The pair is currently trading in an extremely narrow range and finds major resistance at 200W SMA...

FxWirePro: AUD/CAD tests channel base support, decisive break below required for further downside

Mar 26, 2018 08:32 am UTC| Technicals

AUD/CAD tests channel base support at 0.9925, hits lowest since Feb 27th. Downside has held above 0.99 handle, break below will see further weakness. The pair has paused 7 straight sessions of downside and is...

FxWirePro: USD/ZAR hits fresh 4-week low at 11.60 mark, stay bearish

Mar 26, 2018 08:27 am UTC| Technicals

USD/ZAR is currently trading around 11.63 levels. It made intraday high at 11.70 and low at 11.60 levels. Intraday bias remains bearish till the time pair holds key resistance at 11.92 mark. A daily close...

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