FxWirePro: GBP/USD forms Bearish engulfing pattern, good to sell on rallies

Jan 04, 2018 11:24 am UTC| Technicals

Candle stick pattern Bearish engulfing pattern (Daily Chart) Cable hits high of 1.36125 yesterday and declined almost 100 pips on weaker than expected UK PMI data. UK Services PMI released came at slightly better...

FxWirePro: BCH/USD sell opportunity

Jan 04, 2018 11:08 am UTC| Technicals Digital Currency

BCH/USD has broken strong support at 2385 on 2H charts, bias bearish. The following technical indicators support downside: - 2H 5-SMA sharply lower, 20-SMA has turned. - -ve DMI dominance, ADX above 25 and...

FxWirePro: USD/BRL bulls seem satisfied with 38.2% Fibo retracements, bears form whipsaws on EMAs – Tunnel spreads to tackle deep tunnels

Jan 04, 2018 10:56 am UTC| Technicals

On daily charts, we see stiff resistance at around 3.3346-3.3420 levels where the pair has shown a convincing supply zone in the recent history. That is where a resembling evening star pattern has occurred that is...

FxWirePro: AUD/USD tests 200W SMA at 0.7856, further upside only on decisive break above

Jan 04, 2018 10:18 am UTC| Technicals

AUD/USD extends gains above 0.78 handle, trades 0.11% higher on the day at around 0.7843 at the time of writing. The pair has tested stiff resistance at 0.7856 which is 200W SMA. We see further gains only on decisive...

FxWirePro: CAD/JPY trades higher on strong crude oil price, jump till 91.60 likely

Jan 04, 2018 09:24 am UTC| Technicals

CAD/JPY was consolidating after hitting high of 90.03 on Dec 29th 2017.The main reason for jump in Canadian dollar against all majors was due to strong crude oil price. The pair jumped almost 325 pips from the low of 86.75...

FxWirePro: CAD/JPY trades higher on strong crude oil price, jump till 91.60 likely

Jan 04, 2018 09:24 am UTC| Technicals

CAD/JPY was consolidating after hitting high of 90.03 on Dec 29th 2017.The main reason for jump in Canadian dollar against all majors was due to strong crude oil price. The pair jumped almost 325 pips from the low of 86.75...

FxWirePro: Bitcoin stuck in range but lures with volatility – Keep turbulence on check via straddles on hedging grounds and strangle writing for trading

Jan 04, 2018 09:05 am UTC| Digital Currency Research & Analysis Technicals

The journey from $751.34 to a whopping $17,270 (at BITSTAMP exchange), or 2,199% in this year so far with a fortnight trading spare: Bitcoin has held steady for the last couple of trading sessions, it is stuck in the...