
Dec 29, 2017 09:29 am UTC| Technicals
Bearish engulfing on daily plotting, shooting star patterns have occurred on the weekly chart. While daily chart, bearish engulfing, long-legged doji hanging man have occurred at 1.7085, 1.7180 and 1.7135 levels...

FxWirePro: GBP/JPY consolidates above trend line resistance, good to buy on dips
Dec 29, 2017 09:02 am UTC| Technicals
Major resistance 152.09 (Dec 27th 2017 high). GBP/JPY has jumped slightly after breaking trend line resistance. The pair hits high of 152.08 and is currently trading around 152.09. The pair should close...

FxWirePro: EUR/USD Daily Outlook
Dec 29, 2017 09:00 am UTC| Technicals
EUR/USD is trading high and set to close near to 1.200 in 2017. The pair jumped sharply from the low of 1.0340 made on Jan 2nd 2017 and jumped almost 16% from that level. The pair breaks trend line resistance at 1.19200...

FxWirePro: EUR/AUD recovery capped at cloud top (1.5358), bias lower
Dec 29, 2017 08:40 am UTC| Technicals
EUR/AUD extending declines after rejection at major trendline resistance at 1.5775. Price action has dipped into daily cloud, technical indicators support further weakness, bias lower. On weekly charts, Stochs...

FxWirePro: USD/CAD breaks major support 1.2600, dip till 1.2430 likely
Dec 29, 2017 07:38 am UTC| Technicals
USD/CAD has declined sharply after breaking major support at 1.2600. The pair hits low of 1.2550 and is currently trading around 1.2555. The main reason for the rally in Canadian dollar is due to strong jump in crude oil...

FxWirePro: CAD/JPY trades higher, jump till 91.60 likely
Dec 29, 2017 07:29 am UTC| Technicals
Major resistance 89.80 (Nov 6th 2017 high). CAD/JPY has broken major resistance 89.80 high made on Nov 6th 2017 yesterday and jumped till 89.92.The main reason for jump in Canadian dollar against all majors was due...

FxWirePro: AUD/USD holds breaks above 100-DMA at 0.7778, weakness only on retrace below
Dec 29, 2017 06:46 am UTC| Technicals
AUD/USD closed above 100-DMA at 0.7778 on Thursdays trade. We see weakness only on retrace below. The pair trades with a strong bullish momentum which keeps scope for further upside. Momentum studies on weekly...