
DAX30 trades slightly above 161.8%, jump till 11880 likely
Dec 16, 2016 10:04 am UTC| Technicals
Major Resistance- 11327 (161.8% retracement of 10830 and 10025) Major support 10485 (trend line joining 9302 and 10200). The index broken 161.8% fibo level 11327 and jumped till 11399.It is currently trading...

Dec 16, 2016 09:19 am UTC| Technicals
On daily charts, back-to-back shooting star candle patterns are traced out at peaks of interim upswings and stiff resistance at 1.7043. Bearish patterns have been popping up to signify the selling sentiments surrounded...

FxWirePro: AUD/USD holds major trendline support at 0.7340, good to short break below
Dec 16, 2016 08:52 am UTC| Technicals
AUD/USD is holding major trendline support at 0.7340. Technical indicators are supporting further downside. RSI shows strong downside momentum. MACD line is showing a bearish crossover on signal line. Break...

FTSE100 breaks above 7000, jump till 7300 likely
Dec 16, 2016 08:36 am UTC| Technicals
Major resistance 7000 (Nov 23rd high). Major support -6610 The index recovered sharply and has broken 7000 level after forming minor bottom at 6687. It is currently trading around 6999. On the higher side,...

FxWirePro: Prefer to go short on XAG/USD around $16.15 with stop loss at $16.22 and target of $15.87
Dec 16, 2016 07:56 am UTC| Technicals
XAG/USD is currently trading around $16.09 marks. It made intraday high at $16.12 and low at $15.87 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.22 levels. A daily...

FxWirePro: Gold upside limited by 5- day MA, good to sell on rallies
Dec 16, 2016 07:06 am UTC| Technicals
Gold continues its losing streak yesterday and breaks the low of $1138 made yesterday. The yellow metal declined till $1122 yesterday .It is currently trading around $1134. Gold has shown a slight jump but upside will...

Dec 16, 2016 06:59 am UTC| Technicals
On daily plotting, previous rallies have rejected again at the stiff resistance of 0.7241 levels. Shooting stars have been formed at 0.7173 and 0.7203 levels that evidence steep slumps, as a result, you could now...