FxWirePro: Sell CAD/JPY on rallies
Nov 07, 2017 12:47 pm UTC| Technicals
Major resistance 90.15 (61.8% retracement of 91.63 and 87.78). CADJPY formed minor bottom at 87.78 and started to jump from that level. The pair hits intraday high of 89.73 and started to decline. It is currently...
Nov 07, 2017 12:26 pm UTC| Technicals
On both daily as well as monthly charts, despite the formation of bearish patterns, the bull swings have been evidenced. Yes indeed, the bearish engulfing candle appear at 1.6927 levels, and long-legged doji at 1.7085...
FxWirePro: GBP/JPY takes support near trend line, good to buy on dips
Nov 07, 2017 11:24 am UTC| Technicals
GBP/JPY has formed a minor top around 151.93 and shown decline from that level. The pair dipped till 148.66 and is currently trading around 150.10. The main dip in the previous week was mainly due to BOE dovish rate...
FxWirePro: NZD/CHF capped below 50-DMA at 0.6937, focus on RBNZ policy meeting
Nov 07, 2017 11:11 am UTC| Technicals
NZD/CHF is trading in a narrow range on the day, caution seen ahead of RBNZ policy meet tomorrow. The pair remains capped below 50-DMA at 0.6937, break above could see further upside. 20-DMA at 0.6898 is strong...
FxWirePro: GBP/USD upside capped by 233- H MA, good to sell on rallies
Nov 07, 2017 11:04 am UTC| Technicals
Cable has shown a minor jump after huge sell off in previous week. The major reason in previous week was dovish hike by BOE. The pair has jumped till 1.31777 at the time of writing. It is currently trading around...
FxWirePro: EUR/GBP on track to test 200-DMA at 0.8762, violation there could see further downside
Nov 07, 2017 10:52 am UTC| Technicals
EUR/GBP extends slide for 3rd consecutive session, down 0.17% on the day. The single currency largely muted despite upbeat retail sales data. EU retail sales (MoM) registered at 0.7% above expectations (0.6%) in...
FxWirePro: EUR/USD hits 4- month low, good to sell on rallies
Nov 07, 2017 10:30 am UTC| Technicals
Major resistance 1.16600 (233- H MA). EUR/USD is trading weak and hits 4- month low as ECB President Draghi delivering opening remarks at ECB forum on Banking Supervision in Frankfurt. The pair declined till 1.15660...
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