FxWirePro: EUR/USD recovers slightly, good to sell on rallies
Nov 08, 2017 11:44 am UTC| Technicals
Major resistance 1.1645 (233- H MA). EUR/USD has shown a minor jump after hitting low of 1.15543 on rumor of slight delay in corporate tax cut. The pair jumped slightly till 1.1600 and is currently trading around...
Nov 08, 2017 11:20 am UTC| Technicals Research & Analysis Insights & Views
Active bears in WTI crude breach ascending triangle supports, interim price dips backed by both leading and lagging oscillators: Shooting star and gravestone doji candle patterns have occurred at $57.22 and $57.24...
FxWirePro: EUR/USD recovers slightly, good to sell on rallies
Nov 08, 2017 10:55 am UTC| Technicals
Major resistance 1.1645 (233- H MA). EUR/USD has shown a minor jump after hitting low of 1.15543 on rumor of slight delay in corporate tax cut. The pair jumped slightly till 1.1600 and is currently trading around...
FxWirePro: NZD/JPY capped at 20-DMA, focus on RBNZ policy meet for further impetus
Nov 08, 2017 10:38 am UTC| Technicals
Antipodeans dented on dismal China trade data released earlier today. China October trade surplus came-in at CNY 254.5 billion vs. CNY 275.0 billion. Exports stood at 6.1% y/y vs 7.0% expected, while imports came-in...
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...
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