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FxWirePro:GBP/USD downside capped by 38.2% fibo, good to sell on rallies

Feb 14, 2017 10:42 am UTC| Technicals

Major resistance 1.2585 (100- day EMA) Major support -1.2430 (38.2% retracement of 1.19860 and 1.27060) Cable declined sharply after making an intraday high of 1.25475.The pair is currently trading around...

FxWirePro:DAX30 forms Bearish Cypher pattern, good to sell on rallies

Feb 14, 2017 09:32 am UTC| Technicals

Harmonic pattern formed Bearish Cypher Pattern Potential Reversal Zone (PRZ)- 11892 The index has formed Bearish Cypher pattern in the hourly chart and any trend reversal can be seen only above 11892. DAX...

FxWirePro:EUR/USD faces strong support at 1.05790, good to sell on rallies

Feb 14, 2017 08:44 am UTC| Technicals

Major intraday resistance 1.0680 (55- day EMA) Major support 1.05800 EUR/USD recovered slightly after making a low of 1.05880 level. The pair is facing strong support at 1.05790 low formed on Jan 16th...

FxWirePro: Buy GBP/JPY above 142.60

Feb 14, 2017 08:01 am UTC| Technicals

Major resistance - 142.60 (trend line joining 144.73 and 144.13) Major Intraday support 141.75- 141.90 (200- 4H MA and trend line joining 138.53 and 141.01). GBP/JPY continued its winning streak for past five...

FxWirePro: Prefer to go long on XAG/USD around $17.80 with stop loss at $17.72 and target of $17.98

Feb 14, 2017 07:53 am UTC| Technicals

XAG/USD is currently trading around $17.82 marks. It made intraday high at $17.87 and low at $17.78 levels. Intraday bias remains neutral till the time pair holds key support at $17.72 mark. A daily close...

FxWirePro: EUR/GBP trades in narrow range, focus on UK CPI data

Feb 14, 2017 07:34 am UTC| Technicals

EUR/GBP rangebound in the European session as markets await crucial inflation data due ahead. The pair is hovering around key support by 200-DMA at 0.8444. Violation there could see test of 0.83 (Dec 5...

FxWirePro: USD/ZAR hovers around key support at 13.20 mark, consistent close below targets 13.00

Feb 14, 2017 07:14 am UTC| Technicals

USD/ZAR is currently trading around 13.25 levels. It made intraday high at 13.32 and low at 13.24 levels. Intraday bias remains bearish for the moment. A daily close above 13.32 will take the parity...

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