FxWirePro: EUR/CAD attempts recovery from 1-month low, bias lower, good to sell rallies
Nov 17, 2016 09:12 am UTC| Technicals
EUR/CAD hit fresh 1-month lows of 1.4317 on Wednesday. The pair is attempting a fragile recovery on the day, but upside lacks traction. Technical studies are bearish, we see scope for further downside. Major...
FxWirePro: DAX30 faces strong resistance at 10830, good to sell on rallies
Nov 17, 2016 08:54 am UTC| Technicals
Major resistance- 10830 (Oct 25th 2016 high) Major support 10550 (50- day MA) DAX30 has once again retreated after jumping till 10783.It is currently trading around 10644. Short term trend is still bearish...
Nov 17, 2016 08:32 am UTC| Technicals
USD/TRY is currently trading at 3.3134 levels. It made intraday high at 3.3254 and low at 3.3089 levels. Intraday bias remains neutral till the time pair holds key resistance at 3.3276 levels. Key...
EUR/USD: Bullish Gartley and Bullish Pattern
Nov 17, 2016 07:58 am UTC| Technicals
Harmonic Pattern formed Bullish Gartley pattern Bullish AB=CD pattern Potential Reversal zone- 1.05168. EUR/USD has formed bullish Gartley pattern in the daily chart. The pair breaks major pschycological...
FxWirePro: USD/ZAR rejects key support at 14.11 mark, bias turns bullish again
Nov 17, 2016 07:50 am UTC| Technicals
USD/ZAR is currently trading around 14.32 levels. It made intraday high at 14.36 and low at 14.25 levels. Intraday bias remains bullish till the time pair holds key support at 14.11 marks. A daily close...
Nov 17, 2016 07:00 am UTC| Technicals
You could very well observe from last 8-9 days, the appearances of candles with big real bodies (both bullish and bears) and lingering on 7DMA (see the rectangular shape on daily charts). The current upswings likely to...
FxWirePro: EUR/GBP capped below 100-DMA, focus on UK retail sales data
Nov 17, 2016 06:56 am UTC| Technicals
GBP dented on lackluster UK fundamentals, with the UK CPI and jobs data leaving markets unimpressed. EUR/GBP extends narrow range trade, remains capped below 100-DMA at 0.8626. Momentum studies are bearish, RSI...
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