FxWirePro: GBP/USD declines sharply from Brexit high on weak UK jobs data, sell on rallies
Apr 18, 2018 10:45 am UTC| Technicals
Cable has declined sharply more than 100 pips after UK CPI data. The pair hits low of 1.41732 at the time of writing. The weak wage growth data came yesterday has dragged cable down almost 95 pips after hitting fresh 2018...
Apr 18, 2018 10:04 am UTC| Technicals
FxWirePro Currency Strength Index for EUR/GBP: Bias Bullish FxWirePros Hourly EUR Spot Index was at 106.544 (Bullish) FxWirePros Hourly GBP Spot Index was at -113.189 (Bearish) Technical Analysis: Bias Bullish - RSI...
Apr 18, 2018 09:53 am UTC| Technicals
GBPCAD forms the double bottom pattern with bottom 1 at 1.5736, bottom 2 at 1.5837 and neckline at 1.7862 levels. The upswings in the major trend have broken this neckline with bullish crossovers Thereby, the bulls seem...
Apr 18, 2018 08:55 am UTC| Technicals
EUR/AUD bounces off major trendline support, retraces brief dip below 50-DMA, bias higher. The pair is extending gains for 3rd straight session and technical indicators are turning bullish. We evidence a...
FxWirePro: XAG/USD back above $16.80 mark, stay bullish
Apr 18, 2018 08:05 am UTC| Technicals
XAG/USD is currently trading around $16.82 marks. It made intraday high at $16.82 and low at $16.71 levels. Intraday bias remains bullish till the time pair holds key support at $16.40 mark. A daily close...
FxWirePro: NZD/USD rangebound below 5-DMA, broad-based US dollar recovery weighs
Apr 18, 2018 08:00 am UTC| Technicals
NZD/USD extends weakness, slips further below 5-DMA, trades 0.37% lower on the day. Kiwi largely ignores rise in GDT price at the auction overnight. The GDT price index increased 2.7 percent from the previous...
FxWirePro: Gold recovers slightly on account of Akshaya Tritiya, good to buy on dips
Apr 18, 2018 07:19 am UTC| Technicals
Gold was trading slightly weak yesterday on account of easing tensions in Middle East and Korea. This has reduced demand for safe haven assets like gold, yen and Swiss franc. But gold is expected to trade higher today on...
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