FxWirePro: NZD/JPY recovery rejected at cloud base, slips below 5-DMA at 79.28
Aug 31, 2017 10:21 am UTC| Technicals
NZD/JPY recovery was rejected at cloud base, the pair slips lower to break below 5-DMA at 79.28. Long upper wicks on daily candles suggests selling pressure at highs, the pair is extending downside for 2nd consecutive...
FxWirePro: GBP/USD downside capped by 89- day EMA, good to buy on dips
Aug 31, 2017 09:23 am UTC| Technicals
Cable is declining after forming a temporary top around 1.29785 formed on Aug 29th 2017. The pair has taken support near 89- day EMA yesterday and shown a minor jump from that level. The pairs near term resistance is...
FxWirePro: Copper extends break above 'Cup and Saucer' pattern, hits fresh 3-year highs at 3.132
Aug 31, 2017 09:08 am UTC| Technicals
Copper is extending higher after breakout of Cup and Saucer pattern. The commodity has hit fresh 3-year highs at 3.132, levels unseen since September 2014. Technical studies are still bullish, we see scope for...
Aug 31, 2017 08:29 am UTC| Technicals
USD/ZAR is currently trading around 13.02 levels. It made intraday high at 13.04 and low at 12.95 levels. Intraday bias remains neutral for the moment. A daily close above 12.98 will take the parity...
FxWirePro: 'Triangle Breakout' in GBP/NZD, good to go long on dips
Aug 31, 2017 08:18 am UTC| Technicals
GBP/NZD has shown a breakout above triangle top, scope for further upside. Kiwi under pressure on RBNZ Wheelers jawboning the NZD and downbeat NZ business confidence data. New Zealand business confidence fell to...
FxWirePro: USD/CHF forms hammer in daily chart, jump till 0.9770 likely
Aug 31, 2017 07:08 am UTC| Technicals
USD/CHF has shown a major recovery from the bottom of 0.94290 on Aug 29th 2017 level. The pair has formed hammer candle stick pattern in the daily chart on Aug 29th 2017 and closed well above the high of 0.95697 (Aug 29th...
FxWirePro: XAG/USD exhibits range bound movement, down side limited
Aug 31, 2017 07:06 am UTC| Technicals
XAG/USD is currently trading around $17.34 marks. It made intraday high at $17.41 and low at $17.25 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $17.40 mark. A...
Shiba Inu Whale Transactions Jump 115%, SHIB Price Nears Crucial $0.000016 Level