FxWirePro: DAX Index forms Bullish Cypher Pattern, good to sell on rallies
Nov 25, 2015 06:38 am UTC| Technicals
Harmonic Pattern - Bullish Cypher Pattern Potential Reversal Zone (PRZ) - 11200 Any break above 11200 confirms minor trend reversal a jump till 11500/11671 is possible. On the lower side minor support...
Nov 25, 2015 06:27 am UTC| Technicals
The pair has been able to break out above the crucial apex point of symmetric triangle at around 86.738 on 11thand sustained the uptrend rallies thereafter 2nd week. After the breach, the pair managed to travel up to...
FxWirePro: S&P 500 forms Bullish BAT Pattern, good to sell on rallies
Nov 25, 2015 05:46 am UTC| Technicals
Harmonic Pattern formed - Bullish BAT pattern Potential Reversal Zone (PRZ) - 2120 The index made a low of 2068 and slightly recovered from that level. Overall trend is still bearish as long as resistance 2120...
FxWirePro: EUR/AUD hits fresh multi-month lows, further downside likely
Nov 25, 2015 05:21 am UTC| Technicals
Our short call on EUR/AUD (link below) is progressing, the Australian dollar hit fresh multi-month highs at 1.4634 against the euro earlier on Wednesday and is currently trading at 1.4666 The pair trends south towards...
GBP/JPY trades below 185 handle,decline till 183 is possible
Nov 25, 2015 03:59 am UTC| Technicals
GBP/JPY has made a low of 184.32 and slightly recovered from that level. It is currently trading at 184.71. Short term trend is weak as long as resistance 185.60 holds. Any break above 185.60 targets 186/187. On...
Nov 25, 2015 03:46 am UTC| Technicals
AUD/USD popped higher to 0.7275, a one-month peak, after a key level around 0.7250 finally gave way Net MA inflows seem to be supportive for AUD at the moment but this is - as always - hard to nail down RBA...
FxWirePro: EUR/USD forms bearish cypher pattern, good to buy at dips
Nov 25, 2015 02:56 am UTC| Technicals
Harmonic Pattern Formed- Bearish Cypher pattern Potential reversal Zone (PRZ) -1.0580 EUR/USD consolidated in narrow range between 1.06733 and 1.0620 yesterday pair has broken minor resistance 1.06750 and a intra...