FxWirePro: GBP/USD downside capped by 4H Kijun-Sen,good to buy on dips
Aug 30, 2017 11:03 am UTC| Technicals
Cable declined sharply after hitting a high of 1.29785 yesterday. The pair dipped till 1.29034 and is currently trading around 1.29255. Market awaits US ADP employment and prelim GDP data for further direction. Any...
Aug 30, 2017 10:15 am UTC| Technicals
NZD/USD holds above 5-DMA support, trades largely unchanged at 0.7244 at the time of writing. Bullish divergence on Stochastic keeps scope for upside in the pair. 20-DMA is major resistance on the upside, break...
FxWirePro: EUR/USD Buy on dips
Aug 30, 2017 09:19 am UTC| Technicals
EURUSD pared its gain after hitting 27 month high at 1.20704 level. USD got strengthened slightly after better than expected US consumer confidence. US conference board consumer confidence came at 122 compared to forecast...
FxWirePro: USD/JPY breaks above 20-DMA, bullish divergence raises scope for upside
Aug 30, 2017 09:10 am UTC| Technicals
The Yen weakens across the board as traders do not see a further escalation of tensions in the Korean Peninsula. USD/JPY has broken above 20-DMA at 109.74, intraday bias bullish. We have seen a bullish divergence...
FxWirePro: USD/ZAR struggles to break key support at 12.92 mark, good to sell on rallies
Aug 30, 2017 07:56 am UTC| Technicals
USD/ZAR is currently trading around 13.01 levels. It made intraday high at 13.04 and low at 12.92 levels. Intraday bias remains neutral for the moment. A daily close above 12.96 will take the parity...
FxWirePro: S&P500 forms potential Bearish Gartley pattern, good to sell on rallies
Aug 30, 2017 07:55 am UTC| Technicals
Harmonic pattern- Bearish Gartley pattern. Potential Reversal Zone (PRZ) 2490 SP500 has formed a temporary bottom around 2422 and jumped sharply from that level. The index jumped till 2454 at the time of...
FxWirePro: NZD/JPY hovers around cloud base, bias higher, eyes 200-DMA at 80.17
Aug 30, 2017 07:12 am UTC| Technicals
The pair failed to break below 38.2% Fib retrace of 69.232 to 83.901 rally at 78.30. It has bounced off with a hammer formation, hovers around nearly converged cloud base and 100-DMA at 79.79. Technical...
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