FxWirePro: GBP/USD forms bullish Bat pattern, good to buy on dips
Dec 20, 2016 09:17 am UTC| Technicals
Harmonic Pattern Formed Bullish Bat Pattern Potential Reversal Zone (PRZ) -1.23000 Cable has formed bullish bat pattern in daily chart and is currently trading around 1.23760. The pair declined till 1.23596...
FxWirePro: USD/ZAR breaks key resistance at 13.96 mark, stay bullish
Dec 20, 2016 08:42 am UTC| Technicals
USD/ZAR is currently trading around 14.10 levels. It made intraday high at 14.16 and low at 14.08 levels. Intraday bias remains bullish till the time pair holds key support at 13.93 marks. A daily close...
FxWirePro: AUD/JPY hovers around 20-DMA at 85.05, close below to accentuate downside
Dec 20, 2016 06:58 am UTC| Technicals
AUD/JPY halts downside at 20-DMA, decisive close below will accentuate downside. Gravestone Doji formation seen at highs on the weekly charts. The pair trades with a bearish bias, remains capped below...
FxWirePro: Prefer to go short on XAG/USD around $15.88 with stop loss at $16.12 and target of $15.54
Dec 20, 2016 06:48 am UTC| Technicals
XAG/USD is currently trading around $15.84 marks. It made intraday high at $16.04 and low at $15.82 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.19 levels. A daily...
FxWirePro: Copper slips below 38.2% Fib, on track to test 50-DMA at 2.4159
Dec 20, 2016 06:14 am UTC| Technicals
Copper is extending downside from 6-month highs of 0.752 hit on Nov 27 after showing bearish divergence on RSI. The pair has broken below 38.2% Fib at 2.489 and bias is lower. We see scope for test of 50-DMA at...
FxWirePro: USD/CNY stabilizes around 6.95 mark, PBOC sets yuan mid-point at 6.9468
Dec 20, 2016 06:12 am UTC| Technicals
USD/CNY is currently trading around 6.9509 marks. It made intraday high at 6.9580 and low at 6.9210 levels. Intraday bias remains neutral till the time pair holds key resistance at 6.9602 mark. A sustained...
FxWirePro: Gold upside capped by 7- day EMA, good to sell on rallies
Dec 20, 2016 05:55 am UTC| Technicals
Gold gained mildly till $1142 yesterday from the ten month low of $1122. It is currently trading around $1136. Gold has shown a slight jump but upside will capped by 7- day EMA due to dollar strength and equity market...
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