FxWirePro: ETH/EUR breaks major support at 370, targets 88.6% Fib at 330 level
Aug 01, 2018 06:55 am UTC| Digital Currency Technicals
ETH/EUR extending declines after failure to hold break above 55-EMA last month. After consolidating around 21-EMA for the past 2 weeks, the pair seems to have resumed weakness. Price action has broken major...
Aug 01, 2018 06:07 am UTC| Technicals
Kiwi dumped on the NZ jobs data, NZD/USD slips 0.30% on the day, trades at 0.6796 at the time of writing. Data released by Statistics New Zealand showed that the unemployment rate lifted to 4.5 percent in the three...
FxWirePro: Indian rupee remains unchanged after manufacturing PMI data, RBI’s rate decision in focus
Aug 01, 2018 05:59 am UTC| Technicals
USD/INR is currently trading around 68.49 marks. It made intraday high at 68.49 and low at 68.39 marks. Intraday bias remains neutral for the moment. Key resistances are seen at 68.75, 68.94, 69.05, 69.18,...
FxWirePro: USD/CAD trades lower on booming Canadian economy, good to sell on rallies
Aug 01, 2018 05:58 am UTC| Technicals
Canadian dollar was trading higher and hits 7- week high on account of better than expected Canadian GDP data.Canadas economy grew 0.5% month-on-month biggest gain since Jul 2016 compared to forecast of 0.3%. The pair...
Aug 01, 2018 05:56 am UTC| Research & Analysis Technicals
AUDUSD forms double bottom pattern with bottom 1 at 0.7310, bottom 2 at 0.7317 and neckline at .7484 levels. As a result, the upswings prop up further on this bullish pattern, the current prices hovering at DMAs amid...
FxWirePro: EUR/JPY consolidates previous session's spike, on track to test 200-DMA at 131.75
Aug 01, 2018 04:54 am UTC| Technicals
EUR/JPY is consolidating previous sessions spike, trades rangebound at 130.75 levels. Eurozones advanced CPI figures on Tuesdays came in above estimates keeping the euro buoyed across the board. On the otherside,...
FxWirePro: USD/JPY pauses shy of 112 handle, focus on FOMC for further impetus
Aug 01, 2018 03:56 am UTC| Technicals
USD/JPY extended spike to hit 2 1/2 week highs of 111.95 on Tuesdays trade after BoJ disappointment. The Bank of Japan offered a dovish statement and added new forward guidance on interest rates, stating that rates...
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