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FxWirePro: AUD/CHF finds strong support at 0.7275 (major trendline), good to go short on break below

Feb 23, 2018 10:03 am UTC| Technicals

AUD/CHF trades with a bearish bias, down 0.16% on the day, at around 0.7306 levels. The pair is in the red for a 3rd consecutive session, is on track to test major trendline support at 0.7275. Break below 0.7275...

FxWirePro: LTC/USD finds strong support at 100-DMA (188.58), break below to see weakness

Feb 23, 2018 09:25 am UTC| Technicals

LTC/USD finds strong support at 100-DMA at 188.58, we see weakness on break below. The pair has retraced dip below 100-DMA, edged higher from session lows at 182.10. Technical studies are bearish. RSI and Stochs...

FxWirePro: EUR/JPY breaks below 23.6% Fib, eyes 200-DMA at 131.13

Feb 23, 2018 08:25 am UTC| Technicals

EUR/JPY breaks below 23.6% Fib, is on track to test 200-DMA at 131.13. Technical indicators are bearish. RSI and Stochs are biased lower. Momentum studies are heavily bearish, but Stochs are in oversold levels so...

FxWirePro: USD/CHF downside capped by 20 –day MA, good to buy on dips

Feb 23, 2018 07:23 am UTC| Technicals

USD/CHF has declined almost 80 pips from yesterday high of 0.94090. The pair formed a double top around 0.94090 and any break above confirms minor bullishness. The pair hits low of 0.93250 and is currently trading around...

FxWirePro: NZD/JPY fails at 100-DMA, good to go short on break below 77.85

Feb 23, 2018 06:46 am UTC| Technicals

NZD/JPY fails at 100-DMA, retraces break above, slips lower with gravestone Doji formation. Price action has slipped below 5-DMA and has failed to hold above daily cloud. Momentum studies are bearish, RSI is...

FxWirePro: CAD/JPY back-to-back shooting stars breach wedge baseline, trend goes sideways after steep slumps, Trade tunnel spreads as more dips on cards

Feb 23, 2018 06:42 am UTC| Technicals

Chart and candlestick pattern formed- Shooting stars consecutively at 88.129 and 88.629 levels respectively. Rising wedge pattern had occurred earlier in intermediate trend and these bearish pattern candlesticks have...

FxWirePro: CAD/JPY back-to-back shooting stars breach wedge baseline, trend goes sideways after steep slumps, Trade tunnel spreads as more dips on cards

Feb 23, 2018 06:42 am UTC| Technicals

Chart and candlestick pattern formed- Shooting stars consecutively at 88.129 and 88.629 levels respectively. Rising wedge pattern had occurred earlier in intermediate trend and these bearish pattern candlesticks have...

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