FxWirePro: FTSE100 faces resistance at 10-day MA, good to sell on rallies
Aug 25, 2016 06:43 am UTC| Technicals
Major resistance 6956 (Aug 15th 2016 high). Major support 6800. The index formed atemporary top around 6956 on Aug 15th and started to decline from that level. It is currently trading around 5818. Short...
FxWirePro: AUD/USD hovers around 20-day MA at 0.7637, good to long break above
Aug 25, 2016 06:07 am UTC| Technicals
AUD/USD has held above minor support at 0.7584 on Wednesdays trade and is edging higher on the day. Upside finds stiff resistance by 20-DMA at 0.7637, only break above could see pair extend gains. Techs on weekly...
FxWirePro: Gold forms Bullish Gartley pattern, good to buy on dips
Aug 25, 2016 05:59 am UTC| Technicals
Harmonic Pattern- Bullish Gartley pattern. Potential Reversal Zone (PRZ) -$1310.50. The yellow metal has broken major support $1330 and declined till $1323.06. It is currently trading around $1326.66. On the...
Aug 25, 2016 05:56 am UTC| Technicals
AUDNZD forms thedouble top pattern on thedaily chart with top 1 at 1.0771 and top 2 at 1.0743 levels. Bears managed to break supports at the neckline of thedouble top (at 1.0433 on daily charts). After consistently...
FxWirePro: USD/JPY edges above 10-DMA at 100.46, bias higher
Aug 25, 2016 04:53 am UTC| Technicals
USD/JPY had been struggling from many sessions to break above 10-DMA which was offering stiff resistance on the upside. Cautious trade seen ahead of the Jackson Hole Symposium, which may provide clues on the US...
FxWirePro: EUR/USD neutral near-term, scope for downward resumption
Aug 24, 2016 18:31 pm UTC| Technicals
EUR/USD pair declined in the US session as the dollar strengthened as investors expect Yellen to provide guidance to next the interest rate hike from the Fed. Further upside in this pair should be limited as the...
FxWirePro: AUD/USD outlook weaker on renewed downside pressure
Aug 24, 2016 17:00 pm UTC| Technicals
The AUD/USD declined on Wednesday, as commodity currencies weakened across the board after oil prices extended their losses after an unexpected large build in U.S. crude stockpiles renewed worries about oversupply in the...
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