FxWirePro

AUD/NZD shooting stars plummet prices, can it transform into head and shoulder pattern? Trade boundary strikes and short hedge: Chart and candlestick patterns formed: Back-to-back shooting stars on weekly plotting and bearish engulfing patterns on daily plotting have occurred signal overbought pressures, while both leading oscillators substantiate the bearish ...

It is good to sell on rallies around 1.17350-400 with SL around 1.1785 for the TP of 1.1600/1.1535

It is good to buy on dips around 1.3425-430 with SL around 1.3370 for the TP of 1.3510/1.35650

The US dollar index futures for near month tenors has risen above 93.800 mark ahead of today’s Fed’s funds rate. If you observe monthly plotting of DXY technical chart, 2017 has shown the constant slumps especially after bearish engulfing, the dollar downtrend hit multi-month lows below EMAs and retraced 61.8% Fibonacci levels. But at this juncture, the bulls have ...

It is good to sell below 147.20 with SL around 147.60 for the TP of 146

Technical Analysis: Bias Bearish - The pair remains capped below 200-DMA, recovery failed to break above - Momentum indicators bearish - RSI below 50 levels, biased lower - MACD well below zero levels and -ve DMI dominance Fundamental Factors: Sterling stumbles on lower inflation. UK inflation came out at 2.4%, below 2.5% that had been expected. GBP undermined by ...

BTC/EUR consolidates break below major trendline support at 5920, bias lower. The pair has hit fresh 2-month lows at 5635, before paring some losses to currently trade at 5770 levels. Technical indicators are biased lower. Price action is below major moving averages and major EMAs are biased lower. Momentum indicators are bearish and -ve DMI dominance adds to ...

USDJPY major stiff resistance levels are observed at 109.8377 (i.e. 21DMA levels) and 110.052 levels. The failure swings were observed at this level in the recent past. Subsequently, the minor trend of this pair has declined so far, prior to which, Gravestone doji and Shooting star evidences dips, hammer counter slumps but restrained below 7DMAs (refer daily ...

Loonie’s strength looms on crude prices or NAFTA? Be informed that a flurry of bearish patterns - Attain CAD’s strength through cost-driven RKOs: As you could look at USDCAD daily plotting of technical chart, a flurry of bearish patterns is popping-up at the stiff resistance levels. Shooting stars have occurred at 1.2966 and 1.2984 levels, Gravestone Doji at ...

EUR/JPY has broken stiff resistance at 21-EMA, raises scope for further upside. The pair has hit new 2-week highs at 130.128 before paring some gains . Technical indicators are bullish. Stochs and RSI have rolled over from oversold levels and MACD shows bullish crossover on signal line. On the weekly charts, the pair has bounced off 100W SMA with a hammer ...

On daily plotting of NZDUSD, the price in minor trend has spiked above DMAs after bullish engulfing candle at 0.6987 levels. For now, despite prevailing rallies, shooting star pops at 0.7033 levels to counter-rallies, rallies likely to extend further on bullish DMA crossover and sustenance of bullish momentum. While on monthly terms, the bears in the major trend ...

VeChain is the one of the earliest block chain technology companies in the world established in 2015 in Singapore. It is currently used in various industries such as luxury goods, liquor and agriculture. It focuses on improving management process of supply chain. Vedchain is an ERC20 token and running on Ethereum block chain. VeChain Thor –Consensus mechanism of ...

NZD/JPY edges lower from session highs at 77.68, trades around 77.78 at the time of writing. Upside finds strong resistance at 100-DMA at 77.70, break above could see further upside. Break above could see test of 78.30 (major trendline resistance) ahead of 78.89 (61.8% Fib). On the flipside, the pair finds strong support at 50-DMA at 77.03. Retrace below could see ...

AUDUSD shooting star appears at 0.7574 that evidence price slumps below DMAs (on daily plotting). Hammer pattern candle occurs at 0.7565 levels to counter these slumps, while both leading as well as lagging oscillators are indicating strength in the minor uptrend, as a result, more rallies likely only on the sustenance of buying momentum (refer daily chart). On ...

It is good to buy on dips around 1.1745-50 with SL around 1.1700 for the TP of 1.18290/1.1860

Dragonfly doji occurs at 83.533 levels that spikes off rallies above DMAs but on the contrary, the flurry of bearish patterns have occurred at the stiff resistance of 84.988 – 85.135 levels, the upswings are in line with both leading & lagging oscillators (refer 4H chart). Momentum oscillators are showing upward convergence but RSI pops up faded strength at 60 ...

Loonie is showing a minor weakness after a 200 pips jump from the low on account of US trade war with other countries. IMF report on Canada shows that in 2018 growth in Canada is expected to decline due to “significant risks, domestic and external”. The major domestic risk is sharp correction in housing market. Failure to reach NAFTA agreement within stipulated ...

• Gold prices has once again declined sharply after showing a minor jump above $1300. US 10 –year bond yields jumped after hitting 1-1/2 month low at 2.74% on account of political uncertainty in Italy. The 10- year jumped form the low and hits 11- day high at 2.949%. The yellow metal hits low of $1290 and is currently trading around $1292.59. • The major three ...