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FxWirePro: EUR/CAD minor trend bounces on hammer, major uptrend spikes through ascending channel – Accumulate on corrections

FxWirePro: Display of spinning top at wedge resistance hampers BTC/USD’s bullish momentum ahead of CME expiry

FxWirePro: FTSE100 faces strong support around 7160, break below targets 7000

FxWirePro: Flurry of bearish patterns hamper USD/CHF minor uptrend, inverted head and shoulder pattern stimulates consolidation phase

FxWirePro: AUD/CHF recovery struggles at 55-EMA, bias bearish

FxWirePro: EUR/NZD finds strong resistance at 1.6770, good to go long on break above

FxWirePro: USD/ZAR remains well supported below 14.00 mark, good to sell on rallies

FxWirePro: Silver rejects key support at $15.76 mark, stay bullish

FxWirePro: Japanese yen remains almost unchanged after CPI, core CPI data

FxWirePro:DXY Trade Idea

FxWirePro: USD/SGD breaks key resistance at 1.3538 mark, stay bullish

GBP/JPY forms double top and struggles to close above 200 day MA,dip till 143 likely

FxWirePro: Thai baht falls as trade balance data misses expectations

FxWirePro:DXY downside capped by 21 day MA, any break below targets 95.60

FxWirePro:Nikkei declines slightly on global growth outlook concern, good to buy on dips

FxWirePro: FTSE100 downside capped by 23.6% fib, good to sell on rallies

FxWirePro: EUR/CAD bounces off trendline support, break above 20-DMA to see further upside

FxWirePro: AUD/CAD finds stiff resistance 0.9535-0.9540 region, good to stay short on upticks

Thursday, January 17, 2019 7:25 AM UTC
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AUD/CAD chart on Trading View used for analysis

  • AUD/CAD is trading in a narrow range on the day at 0.9507 at 0715 GMT.
     
  • Antipodeans hit by the latest report that the US-China trade talks could be delayed, in light of the US shutdown.
     
  • The pair is extending weakness after rejection at 200-DMA, bias remains bearish.
     
  • RSI is well below 50 levels and Stochs are showing retrace from near overbought levels.
     
  • The pair finds major resistance at 0.9535 - 0.9540 levels. Upside only on decisive break above.
     
  • Price action has slipped below 38.2% Fib and is on track to test 50% Fib at 0.9440.

Support levels - 0.9454 (Jan 8 low), 0.9440 (50% Fib), 0.9360 (61.8% Fib)

Resistance levels - 0.9519 (38.2% Fib), 0.9540 (20-DMA), 0.9583 (200-DMA)

Recommendation: Good to stay short on rallies, SL: 0.9585, TP: 0.9455/ 0.94/ 0.9360

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

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