FxWirePro

It is good to buy on dips around $1177-78 with SL around $1173 for the TP of $1190/$1200

Bitcoin has shown a minor recovery of more than 12% from the low of $5858. The altcoins is following footsteps of Bitcoin. The pair has shown a good jump of more than 25% after hitting low of $76. It hits high of $97.13 and is currently trading around $95.79. XMR declined continuously from the minor top of $151.95 till $87 almost more than $60. The pair took ...

CAD/JPY bears nudge below 7-DMA on engulfing pattern after back-to-back shooting star and hanging man – Trade tunnel spreads: On daily plotting of CADJPY, Shooting star, Hanging man & Engulfing candlestick patterns have occurred at 85.904, 85.723 and 84.263 levels plummet prices. For now, the stiff resistance zone is observed at 84.5260 levels (i.e. 7DMA), more ...

The Pound remains weak across the board, solid UK retail sales were unable to offset concerns about a no-deal Brexit. Brexit talks have resumed this Thursday in Brussels with the main issue being on how to prevent a hard border in the Irish Island. Technical indicators on weekly charts are heavily bearish. Price action has dipped below weekly cloud, broken below ...

Candlestick- doji EUR/USD has halted its weakness after a huge sell-off. The pair declined more than 200 pips in this week. It hits 14 month low of 1.1300 and shown a minor jump on account of easing trade war between US and China. US and China are planning to negotiate the trade talks in late August. But upside is capped due to upbeat US economic data. US ...

AUD/JPY has failed to close below strong trendline support at 80 and has broken above 5-DMA. Technical indicators on intraday charts are turning bullish, price is consolidating break above hourly cloud. 1H 110-EMA caps upside, break above to see further upside. Next strong resistance above 1H 110-EMA is seen at 38.2% Fib at 81.06. Break above could see test of ...

AUD/USD bulls bounce back with hammer pattern on Aussie unemployment prints, major downtrend to drag 18-month lows: AUDUSD forms hanging man and hammer patterns at 0.7428 and 0.7238 levels respectively and the stiff resistance at 0.7454 and strong support at 0.7319 areas are observed. Hanging man at stiff resistance plummets prices below DMAs, while hammer ...

The US dollar index has retraced from 13-month highs at 96.98. Shooting star formation seen on daily charts and price has dipped below 5-DMA at 96.49. Intraday charts have turned bearish. Price action has dipped below hourly cloud and we see bearish divergence which adds to downside bias. Shooting star formation seen on daily charts and price has dipped below ...

EUR/AUD bulls shrug-off shooting star, but hanging man pattern ensures range-bounded trend - Trade debit call spread: Yesterday, EURAUD forms shooting star at 1.5693 levels, but bulls seem to be shrugging-off this bearish pattern.  The stiff resistance is observed at 1.5701 levels. Failure swings were observed in the recent past at this juncture (refer daily ...

As per our EURUSD long-term analysis, the major trend has been sliding through sloping channel (refer monthly chart).   As you could easily observe, the shooting star pattern pops-up at channel resistance, ever since then you could make out steep slumps below EMA levels and retraced more than 50% Fibonacci levels of January 2018 highs (i.e. 1.2612) and January ...

BCH/USD bulls bank on dragonfly doji, gravestone doji counters, trend slides through sloping channel – Stay short hedge: • The price of BCHUSD pair is experiencing mild bullish swings amid major bearish trend. The minor trend of BCHUSD slides through falling wedge formation (refer daily chart). • Dragonfly doji pattern candle has occurred at $550.7 levels, ever ...

It is good to buy on dips around 140.50-55 with SL around 140 for the TP of 143

EUR/JPY hanging man and shooting star pop-up at 61.8% Fibos to plummet prices below 21-EMAs – Trade tunnel spreads and short hedge: EURJPY chart and candlestick pattern formed – Shooting star and hanging man patterns occur at 131.612 and 131.348 levels (refer daily chart) that plummet prices, consequently, the minor trend slides below DMAs. The same patterns have ...

It is good to sell on rallies around 22080-22100 with SL around 22250 for the TP of 21460

Gold hits 13-month lows after sliding below 21-SMA on shooting star – Stay short as more slumps on cards: The bearish streaks in Gold prices have continued today; the current price of the precious yellow metal commodity is trading at $1,210.88 despite some minor rallies in this trading session. While the minor trend slides through falling wedge pattern which is ...

EUR/USD has resumed its weakness after a long consolidation by breaking major support 1.15070 level. The recovery from 1.0339 has ended at 1.25543 and downturn has resumed. The hawkish fed and trade war are supporting US dollar prices. US dollar further got strengthened yesterday after dovish Fed member Evans turned hawkish. The pair has lost almost 180 pips ...

Major support - 111.15 (100- day MA) CHFJPY has lost almost 200 pips from the high of 113.18 made on Jul 31st 2018. It is almost like double top and any further major reversal only above that level. The pair has taken support near trend line, 100- day MA and shown a minor jump. So any major weakness can be seen only below 111.15. Any violation below targets ...

AUD/JPY’s steep slumps on spinning top, major trend still stuck between 38.2% and 23.6% Fibos of 2014 highs and 2016 lows: Back in last April 2018 (on April 11thto be precise) and again in the recent past (on July 30th), we kept reiterating the bearish potential of this pair quite often even when bulls superficially showed some upswings.  Dear readers, the thumb ...