
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...

Mar 28, 2018 06:42 am UTC| Technicals
USD/INR is currently trading around 64.92 marks. It made intraday high at 64.92 and low at 64.73 marks. Intraday bias remains bullish till the time pair holds key support at 64.60 mark. Key resistances are...

FxWirePro: EUR/CHF consolidates trendline break, minor weakness likely below 5-DMA at 1.1728
Mar 28, 2018 06:17 am UTC| Technicals
EUR/CHF resumes upside after brief dip on Tuesdays trade, bias higher. Technical bias is bullish. Breakout at major trendline resistance at 1.1745 has raised scope for upside. Price has bounces off 20-DMA support...