FxWirePro: Chinese yuan strengthens on robust trade balance data
Jan 12, 2018 07:19 am UTC| Technicals
USD/CNY is currently trading around 6.4720 marks. It made intraday high at 6.5045 and low at 6.4707 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.5175 mark. A sustained...
Jan 12, 2018 07:15 am UTC| Technicals Insights & Views
USDCAD bulls have had considerable bounces this week bottoming out at 1.2355 levels upto the peaks of 1.2590 levels, thats where bears have resumed. As a result, shooting star and spinning top patterns have occurred on...
FxWirePro: EUR/AUD retraces dip below 100-DMA, weakness only on decisive break below
Jan 12, 2018 06:47 am UTC| Technicals
EUR/AUD has failed to extend break below 100-DMA, retraced to close above on Thursdays trade. The pair has hit 9-week lows at 1.5155 before paring losses to close at 1.5245. Price action has broken above 5-DMA at...
FxWirePro: Buy GBP/JPY on dips
Jan 12, 2018 06:39 am UTC| Technicals
GBP/JPY has once again declined after showing a slight dip below trend line. The pair jumped almost 80 pips . The pair is consolidating in narrow range between 151 and 150.19. It is currently trading around...
FxWirePro: Gold trades higher on weak U.S dollar, good to buy on dips
Jan 12, 2018 06:15 am UTC| Technicals
Gold recovered sharply yesterday from the minor low of $1308. The yellow metal jumped almost $22 on account of steep selling in U.S dollar on rumors that China will slow purchase of U.S bond. US dollar index shows almost...
FxWirePro: EUR/JPY hovers around 134 handle, recovery capped at 5-DMA at 134.14
Jan 12, 2018 06:15 am UTC| Technicals
EUR/JPY fails to break below major trendline support at 133, bounces-off to hit 134.15 on the day. Recovery attempts in the pair however, were capped at downward slopping 5-DMA at 134.14. Any further upside...
FxWirePro: USD/INR rejects key resistance at 63.80 mark, good to sell on rallies
Jan 12, 2018 05:59 am UTC| Technicals
USD/INR is currently trading around 63.49 marks. It made intraday high at 63.61 and low at 63.42 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 63.80 mark. Key...
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