
Feb 13, 2017 12:24 pm UTC| Technicals
Reason for Long term trend reversal: The pair is trading well above 200- day MA for the two consecutive days Trades well above short term trend line support. Trades slightly above 21- day EMA and 55- day...

FxWirePro: S&P500 forms 161.8% retracement and Bearish Divergence
Feb 13, 2017 10:36 am UTC| Technicals
Major resistance 2326 (161.8% retracement of 2303.70 and 2266.70) Major support - 2265 Pattern formed Bearish Divergence (RSI and MACD). SP500 broken major trend line resistance 2315 and jumped till 2321...

Feb 13, 2017 10:22 am UTC| Technicals
EURUSD major trend has been sliding through slopping channel. The prices began consolidating ever since bulls took support at 1.0453 levels. As a result, weve seen bull swings after dragonfly doji (which is bullish...
FxWirePro: EUR/USD faces strong support at 1.05800, good to sell on rallies
Feb 13, 2017 09:47 am UTC| Technicals
Major resistance 1.07600 (21- W EMA) Major Support 1.05800 EUR/USD has formed a bottom around 1.06075 in the previous week and jumped slightly from that level. It is currently trading around 1.06439. On...

FxWirePro: EUR/NOK hovers around 8.91 mark, good to sell on rallies
Feb 13, 2017 08:04 am UTC| Technicals
EUR/NOK is currently trading at 8.9082 levels. It made intraday high at 8.9248 and low at 8.8984 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 8.9272 marks. A...

FxWirePro: GBP/JPY Long term outlook (Bullish)
Feb 13, 2017 07:14 am UTC| Technicals
Reason for Long term trend reversal: The pair is trading well above 200- day MA for the two consecutive days Trades well above short term trend line support. Trades slightly above 21- day EMA and 55- day...

FxWirePro: USD/ZAR trades in narrow range, bias remains slightly bullish
Feb 13, 2017 06:38 am UTC| Technicals
USD/ZAR is currently trading around 13.37 levels. It made intraday high at 13.40 and low at 13.31 levels. Intraday bias remains slightly bullish for the moment. A daily close above 13.31 will take the...