FxWirePro: GBP/USD trades weak on rising US-UK yield spread, good to sell on rallies
Nov 08, 2017 10:13 am UTC| Technicals
Cable slides lower after recovering till 1.31757 yesterday. The pair weakness was mainly due to political scandal and Brexit talks. The pair has formed temporary bottom around 1.30280 and further weakness below that...
FxWirePro: Copper takes 50-DMA support at 3.067, break below to see further downside
Nov 08, 2017 09:39 am UTC| Technicals
Copper is trading largely unchanged on the day, retraces from lows of 3.065. Price action has taken support at 50-DMA at 3.067, we expect weakness to resume on break below. We notice Doji formation at lows on...
FxWirePro: 5-DMA caps upside in EUR/CAD, good to go short below 1.4738
Nov 08, 2017 08:57 am UTC| Technicals
EUR/CAD is trading a narrow range on the day, 5-DMA caps upside in the pair. Technical studies are biased bearish. RSI and Stochs biased lower, RSI weakness seen below 50 levels. Daily cloud offers strong support...
FxWirePro: USD/ZAR trades in narrow range, stay bullish only above 14.25 mark
Nov 08, 2017 08:41 am UTC| Technicals
USD/ZAR is currently trading around 14.16 levels. It made intraday high at 14.23 and low at 14.15 levels. Intraday bias remains neutral for the moment. A daily close above 14.25 will take the parity...
FxWirePro: XAG/USD hovers around $17.00 mark, bias remains neutral
Nov 08, 2017 07:20 am UTC| Technicals
XAG/USD is currently trading around $16.99 marks. It made intraday high at $17.02 and low at $16.91 levels. Intraday bias remains neutral till the time pair holds key support at $16.90 mark. A daily close...
FxWirePro: USD/CAD Short term outlook
Nov 08, 2017 07:07 am UTC| Technicals
Canadian dollar recovered sharply from 3-1/2 month low in previous week on higher oil prices. USD/CAD hits low of 1.27021 and is currently trading around 1.27658. Bank of Canada governor Stephen Poloz maintained a...
FxWirePro: EUR/GBP trades narrow range around 0.88 handle, bears eye 200-DMA at 0.8764
Nov 08, 2017 07:04 am UTC| Technicals
EUR/GBP halts 3 consecutive sessions of losses, attempts sluggish recovery, up 0.12% on the day. Bears on track to test 200-DMA at 0.8764, violation there could see further downside. EUR/GBP is extending post-BOE...
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