FxWirePro: EUR/USD recovers sharply after Trump’s import tariff, good to buy on dips

Mar 02, 2018 10:21 am UTC| Technicals

EUR/USD recovered from 7- week low amid Trumps announcement of import tariff. US Donald Trump announce steel products will be charged 25% while for aluminum 10%. The pair hits intraday high of 1.22878 and is currently...

FxWirePro: USD/CHF faces strong resistance around 0.9500, good to sell on rallies

Mar 02, 2018 09:54 am UTC| Technicals

USD/CHF has shown a major decline after hitting high of 0.94900 and is trading below 200- H MA. The pair formed almost triple bottom at 0.9320 and any bearish continuation can be seen below that level. level. The pair hits...

FxWirePro: AUD/JPY’s bearish engulfing, gravestone doji and shooting stars take major trend back below 21-EMAs and 38.2% Fibos – Trade tunnel spreads

Mar 02, 2018 09:47 am UTC| Technicals

Bears form triple top with top 1 at 89.425, top 2 at 90.305, top 3 at 89.089, and neckline at 84.397 (refer weekly plotting). For now, more slumps seem to be on cards upon breach below the neckline, bearish WMA MACD...

FxWirePro: AUD/NZD eyes channel base at 1.0630, violation there could see further weakness

Mar 02, 2018 08:38 am UTC| Technicals

AUDNZD is extending downside after failure to hold break above 20-DMA, bias lower. The pair is extending downside for 3rd consecutive session, is currently trading at 1.0676 levels, down 0.17% on the...

FxWirePro: GBP/JPY trades well below 233- day MA, good to sell on rallies

Mar 02, 2018 08:19 am UTC| Technicals

GBP/JPY has been continuously weak for third consecutive day. The pair declined almost 540 pips from the temporary top of 150.93. The pair decline was mainly due to strength in Japanese yen. The pair hits low of 145.46 and...

FxWirePro: NZD/USD finds stiff resistance at 0.7297, good to go long on break above

Mar 02, 2018 07:44 am UTC| Technicals

NZD/USD has failed to break below 200-DMA support at 0.7175, we see further weakness only on break below. The pair has edged higher on broad-based USD weakness. Price has broken above 5-DMA at 0.7252. Bias still...

FxWirePro: CAD/JPY forms 3-black crows after back-to-back shooting stars to intensify bearish trend on breach below wedge baseline – Trade one touch puts

Mar 02, 2018 07:28 am UTC| Insights & Views Technicals

Chart and candlestick pattern formed- Shooting stars repeatedly at 88.634, 88.129 and 88.629 levels respectively (refer weekly plotting). These bearish patterns are followed by 3-black crow pattern which is again a serious...