FxWirePro

S&P500 formed a temporary top around 2477 and started to show a minor decline from that level. It is currently trading around 2469. The index has broken minor trend line support at 2470 and this confirms minor weakness, decline till 2449 (Jul 18th 2017 low)/2440 (100- 4H MA)/2432 likely. On the higher side near term resistance is around 2483 (161.8% fibo) and ...

It is good to sell on rallies around $46.65-$46.75 with SL round $47.77 for the TP of $43.69.

EURUSD hits fresh 14 month high yesterday after positive comments from Draghi in ECB monetary policy meeting yesterday. The ECB has kept its interest rates unchanged at 0%, the marginal lending rate at 0.25% and deposit rate unchanged at -0.4%. Euro rallied after Draghi promised QE discussion in autumn. The pair broken the major resistance 1.16163 high made on ...

USD/JPY extends grind lower, breaks 200-DMA at 111.822. Possible 'Death Cross' on daily charts adds scope for downside. A decisive close below 200-DMA could see extension of weakness. Consecutive spinning top and doji formations on daily candles suggests some consolidation. A fresh wave of greenback selling pressure has been one of the key factors weighing on ...

Target 1 achieved @ 1.1640. Book partial profit

Bearish RSI divergence and bearish candle patterns signal AUD/JPY likely to resume short term bears, major trend in consolidation phase seems intact: Last 2 days of trading sessions this pair pops up with bearish candle pattern (Doji or Evening window star), bearish RSI divergence signal weakness (daily charts). After big bearish candlestick patterns, bears have ...

• Gold has recovered sharply after hitting low of $1235 on account of weak U.S dollar. The yellow metal jumped till $1247 yesterday and is currently trading around $1238.80. • Euro jumped sharply against U.S dollar after positive comments from Maria Draghi. ECB has kept its interest rates unchanged at 0%, the marginal lending rate at 0.25% and deposit rate ...

'Bearish Doji Star' formation on AUD/CAD raises scope for downside, good to go short on break below 0.9915 (20-DMA) AUD/CAD dived to over 0.75% on the day, slips below 5-DMA support at 0.9977. Aussie slumps across the board on dovish RBA Deputy Governor Debelle's comments. Debelle said that a rising AUD is complicating the economy's adjustment and is not ...

EUR/USD: Low risk traders book profit at 1.15300.

It is good to sell on rallies around 117 with SL around 117.50 for the TP of 115.55

It is good to sell on rallies around 145.30-145.35 with SL around 146.30 for the TP of 144.29/143.

Cable has broken major psychological at 1.3000 even after better than expected U.K retail sales. U.K retail sales rebounded sharply by 0.6% compared to forecast of 0.4%. The rise in retail sales was mainly due to hot weather which increased the sales in clothing and compensated the decline in food, fuel sales. The pair declined till 1.29500 at the time of ...

Euro has been declining for past two days ahead of ECB monetary policy meeting .The pair hits new 52 week high at 1.15830 on Jul 18th 2017. The central bank is expected to keep policy rates unchanged. There are speculation that ECB could announce tapering in the month of Sep or Oct. The pair has declined till 1.14967 and jumped slightly till 1.15073 at the time ...

EUR/AUD forms double top, more slumps on cards as bears break below neckline with bearish DMA crossover – Snap rallies for fresh short build ups: The pair forms the double top pattern with top 1 at 1.5227 and top 2 at 1.5075 levels. The today’s rallies seem to be unlikely to sustain, and hence, use them for fresh shorts build ups as the bears manage to breach ...

EUR/JPY exhausted at 50% Fibos, bearish engulfing signals weakness – Fetch lingering yields via boundary binaries as swings drift in sideways: The recent rallies of EURJPY have rejected at 130.767 levels, thereafter, it has broken below strong support at 129.338 (50% Fibonacci retracement levels). Bearish engulfing pattern candles has occurred at 129.1740 ...

Candlestick pattern formed – Shooting star (4 hour chart) The pair is declining sharply after hitting a high of 118.60 at Jul 10th 2017. CHF/JPY declined till 116.43 on Jul 14th 2017 and is currently trading around 117.04. Technically the pair is facing major support around 117 (4H 89 EMA) and any break below will drag the pair till 116.40till 117.30/116.22 ...

Euro has shown a slight profit booking after hitting fresh 52 week high yesterday. Market awaits ECB meeting tomorrow for further direction. ECB might be more hawkish than expected and that will make the Euro to rise further. The pair has declined till 1.15147 (23.65 fibo) and jumped till 1.15377 at the time of writing. It is currently trading around 1.1538. The ...

USD/JPY back in sloping channel after rejection at stiff resistance, major trend goes in sideways with shooting star formations: Ever since the rejection of stiff resistance of 114.454 levels, the price behavior again goes in sloping channel, the price dips have again gone below 21DMA, for now, one can expect more dips upon bearish DMA crossover which seems most ...