Nov 03, 2016 10:48 am UTC| Technicals
Despite the todays rallies of USDMXN might have been exhausted at the highs of 19.5456 and began dropping from then, this should not be deemed as a bearish pressure. The current prices spike above DMAs after taking...
FxWirePro: FTSE100 forms bullish Bat pattern, good to buy on dips
Nov 03, 2016 10:05 am UTC| Technicals
Harmonic pattern formed- Bullish bat Pattern Potential Reversal Zone (PRZ)- 6765 The index declined continuously for the past seven days and tested 6824 at the time of writing. It is currently trading around...
FxWirePro: EUR/GBP range bound, focus on BoE policy decision and inflation report
Nov 03, 2016 07:08 am UTC| Technicals
EUR/GBP trades an extremely narrow 16 pip range into the European session. Markets focus on BoE policy rate decision along with inflation forecasts for further impetus on the pair. Ongoing sterling depreciation...
FxWirePro: GBP/JPY trades lower, good to sell on rallies
Nov 03, 2016 07:06 am UTC| Technicals
Major intraday resistance -127.40 (55- H EMA) Major support 126.40 (trend line joining 125.91 and 126.12) GBP/JPY made a temporary top around 129.02 and declined sharply from that level. It is currently trading...
FxWirePro: Gold faces strong support at 55- H EMA, good to buy on dips
Nov 03, 2016 06:47 am UTC| Technicals
Major Intraday Support - $1292 (55- H EMA) Major resistance- $1308 The yellow metal breaks major psychological $1300 and jumped till $1307.78 yesterday. On the higher side, major resistance is around $1308...
FxWirePro: EUR/JPY breaks below 100-DMA, good to go short on rallies
Nov 03, 2016 06:15 am UTC| Technicals
EUR/JPY has broken below major moving averages and is trading with a bearish bias. Momentum has turned bearish, RSI has slipped below 50 level and Stochs have turned lower from overbought levels. The pair has...
Nov 03, 2016 06:07 am UTC| Technicals
From the last three weeks, the pair hasnt been moving anywhere beyond 128.498 northwards nor even 126.298 on southwards. Bears in major trend have been drifting in sideways, both leading and lagging indicators to...
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