FxWirePro: EUR/GBP recovery capped at daily cloud, bias lower, stay short on rallies
Feb 28, 2018 09:34 am UTC| Technicals
EUR/GBP recovery attempts were capped at daily cloud which offers strong resistance at 0.8845. Upside today remains capped at 5-DMA at 0.8806, price action down 0.06% as we write. Technical indicators are biased...
FxWirePro: AUD/CAD capped at major trendline resistance at 0.9975, good to go long on break above
Feb 28, 2018 08:34 am UTC| Technicals
AUD/CAD capped at major trendline resistance at 0.9975, we see upside only on break above. Technical indicators are biased higher. RSI shows strength at 57 levels. Stochs are biased higher. That said, bearish...
FxWirePro: XAG/USD trades in narrow range, U.S. prelim GDP data in focus
Feb 28, 2018 07:57 am UTC| Technicals
XAG/USD is currently trading around $16.37 marks. It made intraday high at $16.42 and low at $16.36 levels. Intraday bias remains slightly bullish till the time pair holds key support at $16.32 mark. A daily...
Feb 28, 2018 07:37 am UTC| Technicals
The double top formation is spotted out on EURUSD daily chart, while bears heading for a test of support at neckline. The pair forms top 1 at 1.2538, top 2 at 1.2555 and neckline at around 1.2206 levels. Upon breach...
FxWirePro: GBP/JPY struggles to close above 150, good to sell on rallies
Feb 28, 2018 07:08 am UTC| Technicals
GBP/JPY has been once again shown good selling after hitting high of 149.81 yesterday. The pair decline was mainly due to slight dip in Pound sterling after hitting trend line resistance at 1.40699. The pair hits low of...
FxWirePro: AUD/USD holds 200-DMA support at 0.7781, break below to see further weakness
Feb 28, 2018 06:56 am UTC| Technicals
AUD/USD is consolidating previous sessions slump, trades 0.2% higher on the day at around 0.7803 levels. Downside has held major support at 200-DMA at 0.7781, we see weakness to extend on break below. Technical...
FxWirePro: Norwegian krone trades marginally lower ahead on core retail sales data
Feb 28, 2018 06:48 am UTC| Technicals
EUR/NOK is currently trading at 9.6320 levels. It made intraday high at 9.6340 and low at 9.6113 levels. Intraday bias remains slightly bullish till the time pair holds key support at 9.6020 mark. A...
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