
Nov 15, 2017 11:35 am UTC| Technicals
Chart pattern formed- Rising wedge pattern (on weekly plotting) and Rising channel (on daily plotting). Contemplating and synthesizing these chart patterns, coupled with the fact that the major trend has been downtrend...

FxWirePro: GBP/CHF trades weak, dip till 1.2900 likely
Nov 15, 2017 10:24 am UTC| Technicals
GBP/CHF has broken major support at 1.3030 and declined till 1.29832. The pair recovered slightly till 1.30293 and is trading around 1.30045. UK jobs data came slightly weaker than expected. UK economy has added 1.1k in...

FxWirePro: NZD/CHF hovers around trendline support at 0.6795, break below to see further weakness
Nov 15, 2017 09:38 am UTC| Technicals
NZD/CHF consolidates previous sessions massive slump, trades largely muted on the day. The pair is hovering around major trendline support at 0.6795, break below to see further weakness. Price action has slipped...

FxWirePro: NZD/CAD recovery capped at 5-DMA, bias lower, good to short rallies
Nov 15, 2017 08:45 am UTC| Technicals
NZD/CAD extends grinds lower capped at 5-DMA at 0.8777, bias lower. Recovery in the pair failed at 5-DMA, price action currently down 0.05% on the day. Technical studies are bearish, price action below daily...

FxWirePro: XAG/USD trades in narrow range, stay bearish only below $16.98 mark
Nov 15, 2017 07:52 am UTC| Technicals
XAG/USD is currently trading around $17.04 marks. It made intraday high at $17.06 and low at $16.98 levels. Intraday bias remains neutral till the time pair holds key support at $16.98 mark. A daily close...

FxWirePro: USD/CHF trade well below 20- day MA, dip till 0.9805 likely
Nov 15, 2017 07:24 am UTC| Technicals
USD/CHF has shown a major selling yesterday on account of weak US dollar. US dollar index declined sharply after breaking major support at 94.25 (trend line support) and hits low of 93.70 at the time of writing. The...

FxWirePro: South African rand trades marginally lower against U.S. dollar, stay bullish
Nov 15, 2017 07:07 am UTC| Technicals
USD/ZAR is currently trading around 14.39 levels. It made intraday high at 14.42 and low at 14.34 levels. Intraday bias remains bullish till the time pair holds key support at 14.23 mark. A daily close...