
FTSE100 breaks minor trend line support, decline till 7214 likely
Feb 21, 2017 09:17 am UTC| Technicals
Chart pattern formed Double top Major support - 7280 (trend line joining 7145 and 7253) Major resistance- 7322 FTSE100 has formed a temporary top around 7322 and started to decline from that level. It is...

FxWirePro: South African rand marginally lower against U.S. dollar, stay bearish
Feb 21, 2017 08:16 am UTC| Technicals
USD/ZAR is currently trading around 13.08 levels. It made intraday high at 13.09 and low at 13.01 levels. Intraday bias remains slightly bullish for the moment. A daily close above 13.01 will take the...

FxWirePro: GBP/JPY recovers sharply from the low of 139.62, good to buy on dips
Feb 21, 2017 07:34 am UTC| Technicals
Major resistance - 142.15 (trend line joining 144.78 and 144.69) Major support 139.40 (200- day MA) GBP/JPY has taken support near 200 day MA at 139.50 and recovered sharply from that level. Short term trend is...

Feb 21, 2017 07:26 am UTC| Technicals
NZD/CAD finds major support by 200-DMA at 0.9370. We see weakness only on break below. 5-DMA has curved north, we see some upside on intraday charts. Scope for test of 100-DMA at 0.9466. Violation there could see...

Feb 21, 2017 07:21 am UTC| Technicals
The pair forms double top with bearish patterns such as gravestone doji and shooting star candles at peaks (with top 1 at 0.7708 and top 2 at 0.7778 levels). Gravestone Doji occurred again on last weeks candlestick...

FxWirePro: Potential 'Bearish Gartley' on NZD/JPY, good to go short on rallies
Feb 21, 2017 07:00 am UTC| Technicals
We have identified a potential Bearish Gartley pattern on NZD/JPY 4-hourly charts. We see potential for some upside in the pair if there is a breakout above 5-DMA at 81.56. NZD/JPY weekly charts show weakness for the...

FxWirePro: USD/CNY breaks key resistance at 6.8709, stay bullish
Feb 21, 2017 06:54 am UTC| Technicals
USD/CNY is currently trading around 6.8811 marks. It made intraday high at 6.8860 and low at 6.8733 levels. Intraday bias remains bullish till the time pair holds key support at 6.8639 mark. A sustained...