FxWirePro

It is good to sell on rallies around 1.00725-750 with SL around 1.010 for the TP of 1.00250

Bitcoin price has been spiking higher from the last couple of weeks, rose from the lows of $3,405.30 levels to the recent highs of $8,390.95 after surpassing $5,890 levels (at Bitfinex).  Technically, after BTCUSD has bottomed out at $3,122 levels, and bullish engulfing pattern has occurred at $3,943 levels on weekly and at $8,200 levels on daily plotting,...

Technical analysis (chart and candlestick patterns occurred): On daily plotting of GBPJPY, bears breach below descending channel baseline. Consequently, steep slumps have been observed constantly way below DMAs. In this journey, bears breaking through the descending triangle pattern that is coupled with the technical indicators to signal weakness. The price...

It is good to buy on dips around 140.45-50 with SL around 140 for the TP of 142

EURGBP bulls take-off the current prices above 7 & 21-DMAs upon the test of strong supports at 0.8485 levels, recently, bulls managed to break-out the stiff resistance of 0.8681 levels decisively that stimulates the previous bullish sentiments (refer daily chart). While both momentum oscillators (RSI and stochastic curves) show upward convergence to these price...

AUD/NZD shooting star nudges below DMAs again, bears shrug-off despite gap-up pattern on RBA minutes – Uphold short hedges: Aussie crosses have still been vulnerable as the Reserve Bank of Australia (RBA) minutes of the May meeting left scope for interpretation, the RBA governor Philip Lowe was very explicit in his subsequent speech: in June the bank was going to...

Rift Between BTC/USD Bullish Engulfing and Hanging Man as SEC Defers ETF Decision: Bitcoin has been spiking higher from the last couple of weeks, surges from the lows of $3,405.30 levels to the recent highs of $8,352.30 after surpassing $6,150 levels (at Bitfinex).  Technically, after BTCUSD has bottomed out at $3,215.20 levels, consequently, bullish engulfing...

It is good to buy above 1.11750 with SL around 1.1150 for the TP of 1.1260

Technical chart and candlestick patterns: AUDUSD’s bearish engulfing patterns at the crucial levels. At $0.6909 and $0.7042 levels on daily and monthly plotting respectively. Consequently, these bearish patterns plummet prices below DMAs,  For now, more slumps seem to be likely upon breach below strong supports of 0.6963 levels, while both leading and lagging...

It is good to buy above 1.12250 with SL around 1.11750 for the TP of 1.1330

AUDJPY drags price dips today, down about -0.37% as Chinese domestic demand saw a broad-based easing in April. Advances in retail sales decelerated from 8.7% YoY in Mar to 7.2%, the slowest growth since 2003. Industrial production and investment fell to 5.4% and 6.1% (YoY YTD) from 8.5% and 6.3%. Technically, the bears of this pair seem to be disregarding...

Truffle in Ripple on stern bullish engulfing - A buying setup of XRP: Ripple (XRP) has constantly been trending higher from the last couple of weeks, posted almost mammoth 43% in just 3 weeks. XRP is up about 3.79% on a daily basis as the buyers’ sentiments mounting at the time of articulating though some profits were pared. Of interest is the development in...

It is good to buy on dips around 141.05-10 with SL around 140.50 for the TP of 143

It is good to sell on rallies around 1.0085-90 with SL around 1.0125 for the TP of 1

USD/CAD bullish trades setup on prolonged uptrend line and rising channel: Technical Chart and Candlestick Patterns: USDCAD’s bulls are spiking through the rising channel in intermediate trend (refer weekly) and major uptrend through uptrend line (on monthly plotting). While hammer and bullish engulfing candles were traced out at 1.2463 and 1.2828 levels...

USD/JPY bearish trade setup as bears breach below double top neckline: A Glance at Technical Analysis:  USDJPY minor trend has been nudging below DMAs after failure swings at stiff resistance of 112.148 levels and double top pattern, top 1 is at 112.137 and top 2 is seen at 112.400 and neckline is at observed at 109.713 levels. Bears managed to breach below the...

It is good to buy on dips around $1294-95 with SL around $1289 for the TP of $1314

Brent crude oil futures are vigorously spiking today at $72.75 levels a barrel by 13:08 GMT, although bears attempted to nudge down from the last 3 consecutive weekly loss, bulls managed to find some sort of support at $69.23 levels. Technically, hammer pattern has been traced out at $71.770 levels, ever since then, bulls seem to be back in business (refer daily...