
FxWirePro: GBP/CHF forms triple top at 1.3330, good to sell on rallies
Dec 05, 2017 08:23 am UTC| Technicals
Chart Pattern- Triple top GBP/CHF has shown a major selling after showing a minor jump above 1.3330 yesterday. The pair declined till 1.3234 and is currently trading around 1.32344. The slight dip in GBP was due to...

FxWirePro: Sell USD/CAD below 1.2660
Dec 05, 2017 08:22 am UTC| Technicals
Major support 1.2660 USD/CAD has shown a major decline after better than expected Canadian jobs data. The pair dipped till 1.26563 and is currently trading around 1.26547. The Canadian economy has added 79500...

FxWirePro: USD/JPY struggles to hold break above 50-DMA, stay long on close above
Dec 05, 2017 08:20 am UTC| Technicals
USD/JPY erased gains above 50-DMA to close at 112.40 on Mondays trade. The pair failed to gain upside momentum after the bullish gap open. Price action capped below cloud top and 50-DMA, further upside only on...

Dec 05, 2017 08:09 am UTC| Technicals
AUDJPY major trend has gone into the consolidation phase from the lows of 72.437 since June 2016. Retraced almost more than 50% Fibonacci level. Bears now repeat the history near 61.8% Fibos, the bull-swings seem to be...

FxWirePro: South African rand trades marginally higher ahead of GDP data
Dec 05, 2017 08:06 am UTC| Technicals
USD/ZAR is currently trading around 13.50 levels. It made intraday high at 13.53 and low at 13.43 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.51 mark. A daily close...

FxWirePro: NZD/USD hovers around 20-DMA at 0.6880, scope for further upside on bullish divergence
Dec 05, 2017 07:02 am UTC| Technicals
NZD/USD up 0.55% on the day, breaks 20-DMA resistance at 0.6880, bullish divergence on RSI and Stochs keeps scope for upside. Better-than-expected Chinese services PMI data bolstered the rally. Also, comments by the...

FxWirePro: GBP/JPY forms Gravestone doji, good to sell on rallies
Dec 05, 2017 06:49 am UTC| Technicals
Candlestick pattern formed- Gravestone doji. Major Resistance 153 GBP/JPY declined almost 100 pips yesterday on uncertainty over Brexit negotiations. UK and EUE failed to reach Brexit deal yesterday. Pound...