FxWirePro: DAX forms Bullish Cypher Pattern, good to sell on rallies
Jan 28, 2016 07:08 am UTC| Technicals
Pattern formed - Bullish Cypher Potential Reversal Zone (PRZ) - 9250 The index has made a high of 9926 and declined till 9715 from that level. It is currently trading around 9763. Short term trend is still...
FxWirePro: EUR/JPY rejected from double top at 129.47, good to sell rallies
Jan 28, 2016 07:05 am UTC| Technicals
EUR/JPY price action was rejected from double top at 129.47 (Jan 5th and 27th), days highs were also capped at 129.47. The pair has been trading a falling wedge pattern, and scope builds for further...
GBP/USD bearish below $1.4350 marks
Jan 28, 2016 06:48 am UTC| Technicals
Cable showed just a moderate reaction after the Fed decided to keep rates unchanged. Pair is currently trading at $1.4249 levels. It made intraday high at $1.4262 and $1.4231 levels. UK GDP is the main...
Silver forms Big W pattern, break above $14.60 targets $15.70
Jan 28, 2016 06:30 am UTC| Technicals
Pattern Formed- Big W pattern Major resistance - $14.60 The commodity has recovered till $14.55 yesterday after slightly dovish Fed statements. It is currently trading around $14.38. Any break above $14.60...
Jan 28, 2016 05:57 am UTC| Technicals
Both daily and intraday charts pop up selling signals in this pair that may slide down it to levels of 0.9861 back again (neckline). As shown in the intraday charts, as the pair seems unlikely to break and sustain...
Gold refrain to hold above fresh 3-month high
Jan 28, 2016 05:55 am UTC| Technicals
Yellow metal hit the highest level since the beginning of November as the Federal Reserve decided to keep interest rates unchanged. Yesterday pair made high at $1127 levels and currently trading at $1120...
FxWirePro: USD/JPY retreats from session top at 118.93, further upside only on breaks above 119
Jan 28, 2016 05:43 am UTC| Technicals
Improving risk-appetite saw USD/JPY gain momentum, the pair tested 118.93 high before it found fresh offers. Doji formation seen in the Asian session, bulls unable to take the pair higher, Stochs have approached...
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