FxWirePro: USD/CHF trades in narrow range ahead of Jackson Hole event, good to buy on dips
Aug 21, 2017 10:29 am UTC| Technicals
Swiss franc has once again declined after hitting high of 0.95865. The pair jumped till 0.96748 at the time of writing. Intraday bias is neutral as long as support 0.9580 holds. The pair is currently trading around...
FxWirePro: Copper breaks major resistance at 2.496, bias higher, stay long
Aug 21, 2017 09:54 am UTC| Technicals
Copper has hit fresh 3-year highs at 2.984 before edging lower to currently trade at 2.970. It has completed the Cup Saucer pattern raising scope for further upside. Strong resistance at 2.496 has been breached...
FxWirePro: AUD/JPY finds major support at 85.90, good to go short on break below
Aug 21, 2017 09:05 am UTC| Technicals
AUD/JPY is extending downside after rejection at 20-DMA in last weeks trade. The pair is struggling to hold triangle breakout, has slipped below 50-DMA. Yen is likely to hold its safe haven appeal as geopolitical...
FxWirePro: FTSE100 upside capped by 61.8% fibo, good to sell on rallies
Aug 21, 2017 08:58 am UTC| Technicals
Major Support 7290 The index shown a minor jump till 7445 on Aug 16th 2017 and started to decline from that level. It is currently trading 7301. FTSE100 upside capped by 61.8% retracement of 7550 and 7287 and...
FxWirePro: EUR/JPY breaks below 50-DMA at 128.32, good to go short on rallies
Aug 21, 2017 08:14 am UTC| Technicals
EUR/JPY is extending downside after failure at weekly 200-SMA, bias lower. The pair has closed in the red for 2 successive weeks and has opened the week lower. 50-DMA support at 128.32 has been breached, the pair...
FxWirePro: Silver jumps above $17.00 mark, upside limited
Aug 21, 2017 07:47 am UTC| Technicals
XAG/USD is currently trading around $17.00 marks. It made intraday high at $17.00 and low at $16.79 levels. Intraday bias remains slightly bullish for the moment. A daily close above $17.01 will test key...
Aug 21, 2017 07:24 am UTC| Technicals
Despite todays rallies, we foresee price slumps upon the formation of the triple top pattern. On weekly chart plotting, with peak 1 has rejected at 1.5226, peak 2 at 1.5074 and peak 3 at 1.5019 levels. Please be...
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