Menu

Search

  |   Technicals
Become a contributor

Menu

  |   Technicals

Search

FxWirePro: EUR/KRW hovers around key resistance at 1,294 mark, consistent close above requires for upside rally

FxWirePro: USD/CHF trades below major trend line support, dip till 0.9785 likely

FxWirePro: Buzzing AUD bulls on hammer formation, 21-DMA is where RSI signals faded strength, short hedge as major downtrend remains intact

FxWirePro: Chinese yuan trades marginally higher, PBOC sets yuan mid-point at 6.8360

FxWirePro: US Oil trades in narrow range, awaits API weekly crude supplies data

FxWirePro: GBPJPY trades above 200HMA, jump till 142.47 likely

FxWirePro: Silver trades in narrow range, faces key resistance at $14.82 mark

FxWirePro: EUR/CHF struggles at 1.14 handle, focus on Italian bond yields for direction

FxWirePro: USD/CHF trade idea

FxWirePro: AUD/NZD Technical Chartpack and Derivatives Trades Setup

FxWirePro: DXY takes support at 21-EMA, further weakness only on break below

FxWirePro: NZD/USD extends grind along 5-DMA, on track to test 21-EMA, stay long

FxWirePro: BTC/EUR finds stiff resistance at 21-EMA, further upside only on break above

FxWirePro: AUD/USD extends upside for 4th straight session, breaks above 21-EMA, bias higher

FxWirePro: USD/INR hovers around key support at 69.52 mark, sustained close below targets 69.02 mark

FxWirePro: Kiwi strengthens in early Asia on robust retail sales data

FxWirePro: Gold upside capped by 10- day MA, good to buy on dips

FxWirePro: Chinese yuan rises gradually against U.S. dollar, hits highest level since August 2015

Friday, February 2, 2018 6:02 AM UTC
0
comments
  • USD/CNY is currently trading around 6.2850 marks.
     
  • It made intraday high at 6.2970 and low at 6.2769 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 6.3188 mark.
     
  • A sustained close above 6.2968 marks will test key resistances at 6.3188, 6.3305, 6.3649, 6.3855 and 6.4017 marks respectively.
     
  • Alternatively, a daily close below 6.2968 will drag the parity down towards key supports at 6.2765, 6.2584, 6.2196 and 6.1907 marks respectively.
     
  • PBOC sets yuan mid-point at 6.2885 / dlr vs last close 6.2965.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position on USD/CNY around 6.2920, stop loss 6.3188 and target of 6.2584.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Editor's Picks

Capital gains and why they matter – a tax expert explains

Apple, the $1 trillion company searching for its soul

Anxiety: stop censoring yourself and learn to lose

How the internet is changing the way we grieve

More Republicans in the news? That's not media bias

Scrupulous regulation continues to play vital role in Bitcoin price catalyst
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-08-22 04:13:48
0m
THAI 15.4 BLN BAHT, 13.85-YEAR GOVERNMENT BOND AVG ACCEPTED YIELD 3.0980 PCT
2018-08-22 04:10:42
0m
MOODY'S SAYS CHANGED OUTLOOK FOR AUSTRIA'S BANKING SYSTEM REFLECTS ITS EXPECTATION THAT IMPROVEMENTS IN LOAN QUALITY WILL MODERATE AND CAPITAL GENERATION WILL SLOW
2018-08-22 04:09:43
0m
MOODY'S SAYS EXPECTS AUSTRIAN ECONOMY TO REMAIN ROBUST, GROWING BY 3% THIS YEAR AND 2.5% IN 2019
2018-08-22 04:08:40
0m
JERUSALEM-BOLTON SAYS HE EXPECTS EUROPEANS TO SEE CLEAR CHOICE BETWEEN DOING BUSINESS EITHER WITH IRAN OR WITH U.S.
2018-08-22 04:08:16
0m
JERUSALEM-TRUMP ADVISER BOLTON SAYS U.S. SANCTIONS ON IRAN HAVING "STRONGER" IMPACT THAN ANTICIPATED
2018-08-22 03:33:47
0m
THAI JULY CUSTOMS-CLEARED TRADE BALANCE -0.52 BLN DLRS (VS +0.15 BLN DLRS IN REUTERS POLL) - COMMERCE MINISTRY
2018-08-22 03:33:38
0m
THAI JULY CUSTOMS-CLEARED IMPORTS +10.53 PCT YR/YR (VS +10.05 PCT IN REUTERS POLL) - COMMERCE MINISTRY
2018-08-22 03:33:30
0m
THAI JULY CUSTOMS-CLEARED EXPORTS +8.27 PCT YR/YR (VS +9.8 PCT IN REUTERS POLL) - COMMERCE MINISTRY
2018-08-22 03:02:40
0m
S.KOREA END-JUNE SHORT-TERM EXTERNAL DEBT AT 28.4 PCT OF TOTAL EXTERNAL DEBT VS 27.8 PCT AT END-MARCH -C.BANK
2018-08-22 03:02:32
0m
S.KOREA END-JUNE SHORT-TERM EXTERNAL DEBT AT 31.3 PCT OF FX RESERVES VS 30.4 PCT AT END-MARCH -C.BANK
2018-08-22 03:02:24
0m
S.KOREA END-JUNE SHORT-TERM EXTERNAL DEBT AT $125.1 BLN VS $120.5 BLN AT END-MARCH -C.BANK
2018-08-22 03:02:14
0m
S.KOREA END-JUNE TOTAL EXTERNAL DEBT AT $440.5 BLN VS $433.9 BLN AT END-MARCH -C.BANK
2018-08-22 02:52:53
0m
BOJ offers to lend Y 3.9144 trln of JGBs on spot basis through 8/23 as a secondary source of JGBs (Offer in the morning)
2018-08-22 02:52:24
0m
10-YEAR U.S. TREASURY YIELD AT 2.829 PERCENT VS U.S. CLOSE OF 2.844 PERCENT ON TUESDAY
2018-08-22 02:48:03
0m
AUSTRALIAN PRIME MINISTER MALCOLM TURNBULL TO HOLD PRESS CONFERENCE AT 0300 GMT - ABC
2018-08-22 01:44:27
0m
NEW ZEALAND STOCKS RISE AS MUCH AS 0.59 PCT TO A RECORD HIGH OF 9,169.490
2018-08-22 01:35:33
0m
CHINA'S YUAN OPENS TRADE AT 6.8373 PER DOLLAR VS LAST CLOSE AT 6.8513
2018-08-22 01:30:08
0m
AUSTRALIA Q2 2018 CONSTRUCTION WORK DONE INCREASE TO 1.6 % (FCAST 0.7 %) VS PREV 0.2 %
2018-08-22 01:29:50
0m
CHINA CSI300 STOCK INDEX FUTURES OPENS - 0.19 PERCENT, TO 3,301.4 POINTS, - 25.0 POINTS FROM THE CURRENT VALUE OF THE UNDERLYING INDEX
2018-08-22 01:29:29
0m
MOODY'S - EXPECTS AN UPSWING IN GROWTH FOR EMERGING MARKET COUNTRIES, WITH G20 EMERGING ECONOMIC GROWTH FORECAST TO BE 5.2% AT THE END OF 2018
Most Popular
1

Global Geopolitical Series: PA President’s call to violence shows desperation for prominence

2

MetLife trials blockchain-based automated health insurance solution

3

FxWirePro: USD/CHF trade idea

4

Oil in Global Economy Series: Total’s departure from lucrative Iranian gas project shows biting power of U.S. sanctions

5

Is China banking on Blockchain-powered gaming business?

6

Cryptocurrency Brief: Bitcoin prices recover but struggle to hold $6,500 mark, Bitcoin ABC unveils details of BCH hard fork in September – Tuesday, August 21st, 2018

7

Bitcoin Price Drifts in Sideway Trend as ProShares BTC Futures Based ETF Proposal Under SEC Scrutiny

8

Liechtenstein’s Union Bank AG seeks to become one-stop crypto and blockchain solution provider, to issue security tokens and stable coin

9

Shanghai Stock Exchange and insurance industry players partner to tap blockchain potential

10

FxWirePro: Gold upside capped by 10- day MA, good to buy on dips

Economics Monitor

August 22 01:30 UTC Released

AUConstruction Work Done*

Actual

1.6 %

Forecast

0.7 %

Previous

0.2 %

August 21 22:45 UTC Released

NZRetail Qrtly Vs Yr Ago

Actual

3.1 %

Forecast

Previous

3 %

January 31 00:00 UTC 292583292583m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292583292583m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 304403304403m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 292583292583m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 304403304403m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 292583292583m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292583292583m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292583292583m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

EconoTimes
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.