
Dec 21, 2017 10:37 am UTC| Technicals
Candlestick pattern formed Shooting star and hammer pattern candles on dailies and hammer on monthly plotting. Please be noted that both bullish and bearish patterns have occurred and they have shown their effects so...

FxWirePro: Buy GBP/JPY above 152
Dec 21, 2017 10:33 am UTC| Technicals
Major resistance 152 (trend line joining 153.40 and 152). GBP/JPY has shown good recovery from the low of 149.40 made on Dec 15th 2017. The pair hits the high of 151.85 and is currently trading around...

FxWirePro: USD/CHF consolidates in narrow range, good to sell on rallies
Dec 21, 2017 08:19 am UTC| Technicals
USD/CHF was trading flat and shown a minor recovery from the low of 0.98286. The pair is consolidating below 78.6% retracement at 0.9975. The pair was trading low due to slight weakness in US dollar index. US house passed...

FxWirePro: USD/CHF consolidates in narrow range, good to sell on rallies
Dec 21, 2017 08:19 am UTC| Technicals
USD/CHF was trading flat and shown a minor recovery from the low of 0.98286. The pair is consolidating below 78.6% retracement at 0.9975. The pair was trading low due to slight weakness in US dollar index. US house passed...

FxWirePro: Buy USD/JPY above 113.50
Dec 21, 2017 06:54 am UTC| Technicals
USD/JPY has shown a good recovery from minor bottom at 112.03. The pair jumped till 113.45 yesterday and is currently trading around 113.41. BOJ has kept its interest rates unchanged at -0.1% and 10 Year JGB target at...

Dec 21, 2017 06:40 am UTC| Technicals
Long-legged doji occurs at 151.876 levels on intraday plotting (refer 2H chart) Ever since the occurrence of this bearish pattern, the price has dipped below 7SMA, subsequently, a hammer pattern occurs sensing support...

Dec 21, 2017 06:01 am UTC| Technicals
Gold has shown a good recovery from the temporary bottom at $1236. The jump in yellow metal was mainly due to slight weakness in US dollar. US house passed Republicans tax yesterday 227 to 203 and Donald Trump is now...