FxWirePro

It is good to buy on dips around 0.9860-625 with SL around 0.9820 for the TP of 0.9978

Although no dramatic change is observed in GBPUSD (Cable’s) trend, the minor uptrend intensifies on bullish engulfing and major downtrend remain intact on bearish engulfing. The pair has shown steep slumps ever since the failure swings at the stiff resistance of 1.2580, 1.2760 and 1.3203 levels (refer daily chart).  Bullish engulfing has occurred at 1.2250 (on...

Long-legged doji and potential shooting star likely to keep EUR/GBP’s range bounded trend intact – Trading and hedging Setup: In this write-up, we emphasize both the daily and monthly technical analysis of EURGBP that signals continue to suggest a significant pullback is warranted, but price action is not confirming this at the moment. Short-term support lies at...

Interim Bears Hamper Gold’s 6-1/2 Year Highs, But Hammer Counters Double Top Pattern in Major Trend: A cause of concern for Gold’s (XAUUSD) rallies in the short run, was reported in our recent write-ups. Bearish patterns, such as, shooting star and hanging man are traced out at the stiff resistance levels of $1,528 that hamper the prospective 6-1/2 years highs....

Major support - 128.26 (200- H MA) Major resistance- 130.06 GBPJPY has once again recovered sharply after hitting a low of 128.26. The pair is holding above 200-H MA for the past four trading days and hits 5- day high of 129.67 yesterday and is currently trading around 129.31. The pair is slightly bullish and a jump till 130.06-130.30 cannot be ruled out....

EUR/AUD gravestone doji and hanging man plummet prices below 7-DMAs – Directional hedges as major trend likely to fall back in range: Technical Chart and Candlestick Patterns: Hanging man and Gravestone doji pattern candles have occurred in EURAUD minor trend at 1.6565 and 1.6568 levels respectively. Please be noted that ever since then prices have slide below...

GBPJPY has occurred hammer pattern at 127.153 levels. Ever since then, mild buying sentiments are observed. The minor trend has constantly been sliding below DMAsso far, but for now, the interim bulls attempt to bounce back with the hammer pattern that takes above 7DMAs. We could foresee more rallies on the cards upon bullish MACD crossovers and intensified...

The Lisk blockchain will soft fork this Friday primarily to improve network transaction processing efficiency and make the LSK token easier for exchanges to manage. As per the Lisk’s blog, they announced Lisk released Core 2.0.0 to the Mainnet which is the first Lisk Core release built using the Lisk SDK. This is the first Lisk Core release built using the Lisk...

It is good to sell on rallies around $1500-03 with SL around $1515 for the TP of $1460/$1441.

EURJPY has seen mild interim price rallies from 2 days but that appears to be momentary, the trend seems to be absolutely edgy with a renewed weakness for today. Technical chart and candlestick patterns formed – Hammer pattern candle popped-up at 124.601 levels that held stronger by evidencing mild upswings on monthly plotting, whereas gravestone doji and 3-black...

AUD/USD bulls hold channel support firmly, double top nudges major downtrend towards 10-year lows: Technical chart and candlestick patterns: AUDUSD has been sliding through the sloping channel in the minor trend (refer daily chart). The pair has taken channel support and hovering at 7DMAs to bring in interim upswings but exhausted at 0.6820 levels. More slumps...

It is good to buy on dips around 128.85-90 with SL around 128.10 for the TP of 130.50

Itis good to buy on dips around 128.35-40 with SL 128 for the TP of 129.35

Cable (GBPUSD) has shown steep slumps ever since the failure swings at the stiff resistance of 1.2580, 1.2760 and 1.3203 levels (refer daily chart). GBPUSD bears shrug-off the recent Fed cuts, and bearish swings are sliding through downtrend line on this timeframe. Current price tests trendline support but is still well below 7DMAs, while both leading and lagging...

It is good to sell on rallies around 0.9695-98 with SL around 0.9745 for the TP of 0.9580

EURUSD’s interim bullish swings have been exhausted at 1.1201 (i.e.21-DMA levels), as a result, the minor trend goes in the range today. Prior to which, back-to-back shooting star pattern candles have occurred at 1.1212 and 1.1213 levels, consequently, the failure swings at 21DMAs likely to plummet prices further(refer daily chart). The current price (1.1195...

Major support- 105.50 USDJPY continues to trade weak for the past 1- a week after forming a temporary top around 109.31. The jump in Yen was due to the escalation of the US-China trade war and the Chinese Yuan devaluation. The Chinese Yuan is holding above 7 levels against USD. Technically the pair is facing strong double bottom support around 105.50 and any...

It is good to sell below 128 with SL around 129 for the TP of 126