Intra Day Trend Reversal Levels For Major Pairs
Dec 02, 2015 12:12 pm UTC| Technicals
The trend reversal levels for major pairs such as EUR/USD,USD/JPY,USD/CHF and GBP/USD for the intraday are...
FxWirePro: GBP/JPY forms Bearish Anti Shark pattern, good to sell on rallies
Dec 02, 2015 10:52 am UTC| Technicals
Harmonic Pattern Formed- Anti Shark pattern Potential Reversal Zone (PRZ) - 186.05 The pair retreated till 185.16 after making a high of 186.02 yesterday. Short term trend is still weak as long as resistance...
FxWirePro: Leading indicators lead Euro’s collapse – mammoth volumes confirm bear trend
Dec 02, 2015 10:24 am UTC| Technicals
Euro has been collapsing from the peaks of May 2014, slid almost more than 88.6% Fibonacci levels from the recent bottoms. Although we could notice some stability was seen from April15 but still there is no significant...
FxWirePro: Cable trades lower on weak UK Construction PMI, good to sell on rallies
Dec 02, 2015 09:55 am UTC| Technicals
Cable breaks minor support 1.5050 after release of weaker than expected UK Construction PMI. UK Construction PMI came at 55.3 in Nov compared to forecast of 58.2. Sterling falls till 1.50316 after weaker PMI...
FxWirePro: Reiteration of EURO’s vulnerability - EUR/USD diagonal PRBS hedges
Dec 02, 2015 09:43 am UTC| Technicals
Everyone expects ECB to increase easing volumes, but for now it seems unlikely that the QE volume has to be increased to 70, 75 or 80 billion and the deposit rate is lowered by 10, 15 or 20 bps. Euro Area CPI inflation...
FxWirePro: S&P 500 closes above major resistance 2100, good to buy at dips
Dec 02, 2015 09:21 am UTC| Technicals
Pattern - Channel pattern SP500 was trading in narrow channel for the past Seven trading session between 2070 and 2100 level. It has broken major resistance 2100 and closed around 2101 yesterday. Short term trend...
EUR/GBP spike through 21 DMA short-lived, focus now on UK construction PMI data
Dec 02, 2015 09:15 am UTC| Technicals
EUR bears fought back control amid broad based US dollar strength pushing EUR/GBP to sessions lows at 0.7040 in early trade today Heading into the European Session, the pair broke key 21-DMA resistance which was capping...
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