FxWirePro: GBP/USD upside capped by trend line resistance, good to sell on rallies
Mar 07, 2018 11:55 am UTC| Technicals
Cable has shown a jump of almost 200 pips from the low of 1.3711. The pair is trading weak and hits intraday low of 1.38579 and is currently trading around 1.38610. USD weakness was mainly due to trade war and...
FxWirePro: EUR/GBP finds strong resistance at 0.8970, good to go long on break above
Mar 07, 2018 11:07 am UTC| Technicals
EUR/GBP is extending gains after break above 200-DMA in previous weeks trade. Upside has paused shy of major resistance at 0.8970 (falling trendline). Technical studies are biased higher and we see scope for...
FxWirePro: EUR/USD trades higher on US trade war, good to buy on dips
Mar 07, 2018 10:49 am UTC| Technicals
EUR/USD continuing its bullish trend for the fifth consecutive days on account of trade wars. US President Donald Trump said that US which has nearly USD 800 billion deficit is ready for trade war with other countries....
FxWirePro: EUR/CAD holds trendline break at 1.5940, momentum bullish, stay long
Mar 07, 2018 10:16 am UTC| Technicals
EUR/CAD has resumed upside after brief consolidation in the previous session. Downside has held trendline break at 1.5940 levels, momentum bullish. The pair is extending upside after decisive break at channel top...
Mar 07, 2018 10:07 am UTC| Technicals Insights & Views
Chart and candlestick pattern formed - Bulls in the major trend so far roaring ever since the break-out above asymmetric triangle resistance with bullish EMA and MACD crossovers on monthly plotting (refer monthly chart)....
FxWirePro: GBP/JPY struggles to close above 200- day MA, good to sell on rallies
Mar 07, 2018 09:55 am UTC| Technicals
GBP/JPY has shown huge jump of almost 150 pips from the low of 146.55 yesterday. The pair hits high of 148.01 and is currently trading around 146.40. The yen was trading weak on account of profit booking. But...
FxWirePro: EUR/CHF capped at daily cloud, breakout to see further upside
Mar 07, 2018 09:30 am UTC| Technicals
EUR/CHF pauses 5 straight sessions of gains, trades 0.11% lower on the day. Upside seems capped below daily Ichimoku cloud, breakout to see resumption of gains. The pair has broken above weekly 5-SMA at 1.1545...
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