
Mar 28, 2018 08:24 am UTC| Technicals
EURUSD minor trend forms rising channel pattern. Gravestone doji, long-legged doji and shooting star patterns have occurred at 1.2443, 1.2449 and 1.2430 levels respectively. The price behavior has been highly turbulent...

FxWirePro: South African rand trades marginally lower ahead of interest rate decision
Mar 28, 2018 08:08 am UTC| Technicals
USD/ZAR is currently trading around 11.70 levels. It made intraday high at 11.71 and low at 11.62 levels. Intraday bias remains neutral till the time pair holds key support at 11.60 mark. A daily close...

FxWirePro: AUD/NZD breaches channel base support, on track to test 88.6% Fib, stay short
Mar 28, 2018 07:55 am UTC| Technicals
AUD/NZD has shown a breach at channel base support at 1.0590, raising scope for further weakness. Minor recovery attempts on the day were rejected at session highs at 1.0595. A Death Cross formation (bearish...

FxWirePro: ETH/EUR extends weakness below 78.6% Fib, bias bearish
Mar 28, 2018 07:38 am UTC| Technicals
ETH/EUR hits fresh multi-month lows at 356 before paring some losses to currently trade at 368 levels. Recovery attempts lack traction, bias heavily bearish, scope for further weakness. The pair has broken strong...

FxWirePro: Gold trades weak on easing trade war, good to sell on rallies
Mar 28, 2018 07:20 am UTC| Technicals
Gold has shown a good selling of almost $18 from the high of $1356.76 made yesterday. The major reason for decline in yellow metal was due to minor dip in safe haven demand as US China trade war started to ease. The...

Mar 28, 2018 06:52 am UTC| Technicals
Chart pattern formed- Hammers have occurred at 1.6905, 1.6913 1.6921 levels and dragonfly dojis at 1.7058 levels (refer daily chart). These bullish patterns evidence rallies, whereas shooting star counters the rallies,...

FxWirePro: GBP/AUD breaks above 38.2% Fib, eyes channel top at 1.8725, stay long
Mar 28, 2018 06:42 am UTC| Technicals
GBP/AUD has shown a break above 38.2% Fibo and has taken out 1.84 handle. The major is currently trading at 1.8466, up 0.20% on the day. The pair is trading in a Rising Wedge pattern and price has shown a break...