
FxWirePro: USD/CHF upside capped by 233- H MA, good to buy on dips
Feb 06, 2018 10:23 am UTC| Technicals
USD/CHF is consolidating after hitting high of 0.93763 yesterday. The pair shown a minor jump from yesterday low of 0.9295. It is currently trading around 0.93430. Technically in the hourly chart, the pair is trading...

FxWirePro: 'Bearish Cypher' pattern on NZD/JPY, stay short on close below 100-DMA
Feb 06, 2018 09:56 am UTC| Technicals
NZD/JPY has retraced brief dip below major support levels at 100 and 200 DMAs. Price retraced from lows of 78.81 and is currently hovering around 200-DMA at 79.75. Bearish Cypher pattern has been completed on...

FxWirePro: Buy EUR/USD above 1.2435
Feb 06, 2018 09:23 am UTC| Technicals
EURUSD declined sharply yesterday almost 120 pips yesterday on rising US 10 year yield and global equity sell off. The pair hits low of 1.2359 and is currently trading around 1.24022. Euro recovery was due to slight...

FxWirePro: USD/ZAR trades in narrow range, South Africa’s business confidence index in focus
Feb 06, 2018 08:34 am UTC| Technicals
USD/ZAR is currently trading around 12.08 levels. It made intraday high at 12.17 and low at 12.05 levels. Intraday bias remains slightly bullish till the time pair holds key support at 11.98 mark. A daily...

FxWirePro: GBP/JPY forms bullish shark pattern, good to buy on dips
Feb 06, 2018 08:29 am UTC| Technicals
Harmonic pattern- Bullish Shark pattern. GBP/JPY has shown a huge decline of 300 pips from the high of 156.60. The major reason for decline was increase of safe haven due to global sell-off in stock market. It has...

FxWirePro: ETH/EUR closes below 100-DMA at 585, bias lower, good to short rallies
Feb 06, 2018 08:22 am UTC| Technicals Digital Currency
ETH/EUR closes below 100-DMA support at 585 levels, bias still bearish. Price action has broken below 61.8% Fib retrace of 115 to 1183 rally at 522. Technical studies are highly bearish. Next bear target lies...

FxWirePro: AUD/NZD breaks below 200-DMA, on track to 61.8% Fib at 1.0781
Feb 06, 2018 07:48 am UTC| Technicals
AUD/NZD slumps over 0.50% amid dismal Australia data and unchanged RBA. Aussie beaten across the board after retail sales missed expectations and trade balance posted deficit for the month of December. Australia...