FxWirePro: Copper continues bull run, hits 3.009 - levels unseen since Nov 2014
Aug 22, 2017 10:42 am UTC| Technicals
Copper hits fresh highs at 3.009, levels unseen since Nov 2014. The pair has completed the Cup Saucer pattern raising scope for further upside. The pair continues bull-run after breaking strong resistance at...
FxWirePro: USD/CAD faces strong trend line resistance at 1.2585, good to sell on rallies
Aug 22, 2017 10:34 am UTC| Technicals
Major intraday Resistance 1.25850 (trend line joining 1.27781 and 1.26910). The pair shown a minor recovery from the low of 1.25477 yesterday on account of slight dip in crude oil prices. Short term trend is still as...
FxWirePro: NZD/CAD breaks weekly 100-SMA support, bias lower, good to short rallies
Aug 22, 2017 09:52 am UTC| Technicals
NZD/CAD has broken major support at weekly 100-SMA at 0.9234 in the previous week. Price action in the pair has slipped below weekly cloud, bias still lower. Technical studies on weekly charts are strongly...
Aug 22, 2017 09:35 am UTC| Technicals
AUDUSD forms whipsaws pattern after a brief uptrend, consequently, bears have managed to show their effects by sliding below SMAs on intraday terms. For now, we foresee more slumps as it attempts to break below major...
FxWirePro: EUR/GBP bulls in control, hits fresh 10-month highs at 0.9164, bias higher
Aug 22, 2017 08:27 am UTC| Technicals
EUR/GBP hits fresh 10-month highs at 0.9164. Euro on rampage ahead of this weeks Jackson Hole symposium. However, ECBs Draghi is unlikely to sound too hawkish considering the strength in the euro. Technical...
FxWirePro: USD/ZAR trades in narrow range, good to buy on dips
Aug 22, 2017 08:23 am UTC| Technicals
USD/ZAR is currently trading around 13.19 levels. It made intraday high at 13.19 and low at 13.13 levels. Intraday bias remains bullish for the moment. A daily close above 13.18 will take the parity...
FxWirePro: DAX30 forms descending triangle pattern, good to buy on dips
Aug 22, 2017 07:19 am UTC| Technicals
Pattern formed- Descending triangle pattern Major support 11935 The index is showing a minor jump after forming a bottom at 11936 on Aug 11th 2017. DAX jumped till 12292 and is currently trading around...
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