EURUSD faces strong resistance at 50 –day SMA, market awaits US NFP
Nov 04, 2016 11:25 am UTC| Technicals
Major resistance 1.11260 (50 day MA) Major support 1.10550 (daily Kijun-Sen) EUR/USD declined till 1.10596 yesterday and slightly recovered from that level. It is currently trading around 1.10977. The...
Nov 04, 2016 10:24 am UTC| Technicals
Despite the formation of back-to-back shooting stars in USDTRY at 3.1124 and 3.1091 levels, bulls edge higher towards all-time highs at 3.1474 levels as bulls resume bouncing above DMAs. This pair seemed little weaker...
Nov 04, 2016 08:58 am UTC| Technicals Insights & Views
After three months of bear streaks, the bulls in platinum prices have at last found a support at 926.40 levels. Thereby, we reckon that the major downtrend appears to be in theconsolidation phase. For now, shooting...
FxWirePro: USD/CNY exhibits range bound movement; PBOC sets yuan mid-point at 6.7514
Nov 04, 2016 07:54 am UTC| Technicals
USD/CNY is currently trading around 6.7590 marks. It made intraday high at 6.7621 and low at 6.7567 levels. Intraday bias remains bullish till the time pair holds key support at 6.7510 marks. On the top...
FxWirePro: FTSE100 forms Bullish Bat pattern, good to buy on dips
Nov 04, 2016 07:50 am UTC| Technicals
Harmonic pattern formed- Bullish Bat pattern Potential Reversal Zone - 6646 The index declined sharply after making temporary top around 7130. FTSE100 breaks below 6800 major psychological support and declined...
FxWirePro: Gold forms double top at 61.8% retracement
Nov 04, 2016 07:47 am UTC| Technicals
Pattern formed Double Top Major resistance- $1310 (61.8% retracement of $1352.57 and $1241.50) The yellow metal jumped sharply till $1307.99 on 2nd Nov 2016 on account of uncertainty over US elections and weak...
FxWirePro: NZD/CAD edges lower from record highs at 0.9832, bias higher, good to long dips
Nov 04, 2016 07:42 am UTC| Technicals
NZD/CAD hit record highs at 0.9832 on Thursday, has pared some gains to currently trade at 0.9805 levels. The pair finds major channel top resistance at 0.9835, break above could see further upside. RSI and...
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