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FxWirePro: USD/CHF bears in major trend back in range, hammer candle evidences bounce back – Initiate short hedges

Sep 01, 2017 10:50 am UTC| Technicals

USDCHF rejects at major resistances of 0.9770 and 0.97 levels. Ever since it has dropped at this resistance level you see consistent price drops. In the recent past, you could figure out bearish candles (such as shooting...

FxWirePro: EUR/AUD hovers around major trendline resistance at 1.5085, upside only on close above

Sep 01, 2017 10:37 am UTC| Technicals

EUR/AUD edges lower from 12-week highs at 1.5174 to currently trade at 1.5032 levels. The pair is struggling at major trendline resistance at 1.5085, we see upside only on break above. The pair is trading in a...

FxWirePro: GBP/USD bears drive non-directional tend, Sterling’s tepid IVs and risk reversals to imply call writers advantage – Buy iron condor spreads

Sep 01, 2017 10:28 am UTC| Research & Analysis Technicals

GBPUSD has been drifting in a range as shown in the daily charts, even on monthly terms price remained in the range from last 3-4 months (1.3268 - upper range and 1.2589 levels lower range). After shooting star candle...

FxWirePro: AUD/JPY rejected at session highs, slips back into daily cloud, bias neutral

Sep 01, 2017 09:22 am UTC| Technicals

AUD/JPY was rejected at session highs at 87.57, the pair slips back into daily cloud. Upside has been struggling at cloud top from multiple sessions, further upside only on break above. Technical studies are...

FxWirePro: GBP/JPY upside capped by 34- day EMA, good to sell on rallies

Sep 01, 2017 08:50 am UTC| Technicals

GBP/JPY recovered sharply after better than expected UK Manufacturing PMI data. UK manufacturing PMI came at 56.9 compared forecast of 55.0. The pair jumped sharply from the low of 142.10 till 142.36 at the time of...

FxWirePro: Silver trades almost flat ahead of U.S. NFP job data, downside limited

Sep 01, 2017 08:44 am UTC| Technicals

XAG/USD is currently trading around $17.52 marks. It made intraday high at $17.57 and low at $17.49 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.60 mark. A daily close...

FxWirePro: EUR/JPY forms 'Bearish Shark' pattern, scope for downside, stay short below 5-DMA at 131.02

Sep 01, 2017 08:24 am UTC| Technicals

EUR/JPY has formed Bearish Shark pattern on 4-hourly charts, scope for further downside. We notice bearish divergence on RSI and Stochs which adds to the bearish bias. The pair is trading in a narrow range, with...

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