
FxWirePro: GBP/USD slightly declined after UK GDP, good to buy above 1.3380
Nov 23, 2017 11:02 am UTC| Technicals
Cable hits 1- ½ month high at 1.3369 after dovish Fed minutes meeting. The Fed minutes meeting shows that economy is growing strong and is operating above full employment. But decline in inflation is cause of...

Nov 23, 2017 08:56 am UTC| Technicals
Chart pattern formed- Rising channel (on daily plotting) and break-out of long-lasting range (on monthly plotting). The short-term trend now tests the rising channel support at 1.1587 levels, the current prices are...

FxWirePro: DAX trades weak, good to sell on rallies
Nov 23, 2017 08:48 am UTC| Technicals
DAXhas declined slightly after jumping continuously for the past two months. The index hits fresh 2-1/2 years high at 13534 at Nov 7th 2017. It is currently trading around 12984. The index dipped till 12847 on Nov...

FxWirePro: EUR/GBP holds 20-DMA support at 0.8863, weakness only on break below
Nov 23, 2017 08:44 am UTC| Technicals
EUR/GBP trades 0.23% higher on the day, edges above 5-DMA at 0.8881. The pair holds 20-DMA supports at 0.8863, we see weakness only on break below. Technical studies do not provide a clear directional bias, 1H...

FxWirePro: South African rand trades marginally lower ahead of interest rate decision
Nov 23, 2017 07:46 am UTC| Technicals
USD/ZAR is currently trading around 13.86 levels. It made intraday high at 13.88 and low at 13.81 levels. Intraday bias remains neutral till the time pair holds key support at 13.80 mark. A daily close...

FxWirePro: USD/CHF forms potential Bullish pattern, good to buy on dips
Nov 23, 2017 07:21 am UTC| Technicals
Harmonic pattern Bullish AB=CD Pattern USD/CHF has shown a massive selling yesterday after Fed minutes meeting. The pair declined till 0.98080 after Fed minutes showed concerns over weak inflation. The Fed minutes...

FxWirePro: EURUSD forms Potential Shark Pattern, good to sell on rallies
Nov 23, 2017 07:19 am UTC| Technicals
Harmonic pattern formed Bearish Shark pattern Potential Reversal Zone (PRZ) - $1.1875. EUR/USD has jumped sharply after FOMC minutes meeting. The pair jumped till 1.18380 after Fed minutes showed concerns over...