
FxWirePro: CAD/JPY forms Bullish Gartley Pattern, good to buy on dips
Nov 28, 2017 12:01 pm UTC| Technicals
Harmonic Pattern Bullish Gartley Pattern Potential Reversal Zone (PRZ)- 85.48 CAD/JPY has declined sharply and hits 2-1/2 month low at 86.93 at the time of writing. It is currently trading around 87.07 The...

FxWirePro: GBP/NZD finds strong support at 20-DMA (1.9153), good to go short on break below
Nov 28, 2017 11:37 am UTC| Technicals
GBP/NZD is retracing from 16-month highs of 1.9534 hit on Nov 17th. The pair has slipped below 5-DMA and is currently holding above strong support at 20-DMA at 1.9153. Break below will see further weakness, scope...

FxWirePro: GBP/USD holds above 1.3300 handle after BOE’s stress tests, good to buy on dips
Nov 28, 2017 09:17 am UTC| Technicals
Cable has declined slightly after hitting 1- ½ month high at 1.33831 yesterday. The main jump in GBP in previous week was mainly due to positive tone on Brexit talks. The pair shown a minor profit booking and...

FxWirePro: Copper breaks 20-DMA support, bias lower, good to short rallies
Nov 28, 2017 08:59 am UTC| Technicals
Copper slips below daily Ichimoku cloud, intraday bias bearish. Price action has broken below 20-DMA at 3.1064 and is currently holding above 50-DMA at 3.0804. Technical indicators are turning bearish. Stochs are...

FxWirePro: FTSE100 trades well below 50- day MA, dip till 7195 likely
Nov 28, 2017 08:55 am UTC| Technicals
Chart pattern Double top FTSE100 has formed a temporary top near 7600 and started to decline sharply from that level. The index dipped till 7348 and is currently trading around 7384. The indexs short term...

FxWirePro: XAG/USD moves in rigid directions, bias remains neutral
Nov 28, 2017 07:44 am UTC| Technicals
XAG/USD is currently trading around $17.01 marks. It made intraday high at $17.06 and low at $16.97 levels. Intraday bias remains neutral for the moment. A daily close above $17.02 will test key resistances...

FxWirePro: USD/ZAR hits fresh 5-week low at 13.67 mark, intraday bias remains bearish
Nov 28, 2017 06:58 am UTC| Technicals
USD/ZAR is currently trading around 13.72 levels. It made intraday high at 13.77 and low at 13.72 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.11 mark. A daily close...