
FxWirePro: Copper breaks below 200-DMA, on track to test 38.2% Fib at 2.791, stay short
Mar 26, 2018 10:14 am UTC| Technicals
Copper is extending weakness after break below 200-DMA at 3.0317. The pair has shown a decisive breach at channel base support in the previous weeks trade raising scope for further weakness. Price action is down...

FxWirePro: GBP/JPY takes support near 233- day MA, good to buy on dips
Mar 26, 2018 09:49 am UTC| Technicals
GBP/JPY has shown a good jump almost 148 pips in Asian session on easing trade war concerns. The yen has shown a minor recovery against all pairs due to short covering. But overall trend is still bearish. USD dollar was...

Mar 26, 2018 09:36 am UTC| Technicals
The gold (XAUUSD) on daily terms: Bullish engulfing patterns have occurred at 1332.05 and 1347.12 levels that counter the previous formation of the double top. These bullish patterns have occurred after testing strong...

FxWirePro: GBP/AUD struggles at 200W SMA at 1.8378, further upside only on break above
Mar 26, 2018 09:25 am UTC| Technicals
GBP/AUD is trading in a Rising Wedge pattern and price has shown a break above Wedge Top at 1.8295 in last weeks trade. The pair is currently trading in an extremely narrow range and finds major resistance at 200W SMA...

FxWirePro: AUD/CAD tests channel base support, decisive break below required for further downside
Mar 26, 2018 08:32 am UTC| Technicals
AUD/CAD tests channel base support at 0.9925, hits lowest since Feb 27th. Downside has held above 0.99 handle, break below will see further weakness. The pair has paused 7 straight sessions of downside and is...

FxWirePro: USD/ZAR hits fresh 4-week low at 11.60 mark, stay bearish
Mar 26, 2018 08:27 am UTC| Technicals
USD/ZAR is currently trading around 11.63 levels. It made intraday high at 11.70 and low at 11.60 levels. Intraday bias remains bearish till the time pair holds key resistance at 11.92 mark. A daily close...

FxWirePro: AUD/JPY recovers from 14-month lows at 80.50, finds stiff resistance at 81.48
Mar 26, 2018 07:33 am UTC| Technicals
AUD/JPY edges higher from 14-month lows at 80.50, hovers around 5-DMA at 81.42. The pair is trading 0.97% higher on the day as risk-recovery knocks-off demand for the Yen. The pair finds strong resistance at...