FxWirePro: EUR/USD trades weak after hawkish Fed statement, good to sell on rallies
Sep 21, 2017 09:32 am UTC| Technicals
EUR/USD declined sharply yesterday after hawkish Fed statement. The pair dipped till 1.18615 yesterday. It has formed a temporary top around 1.20925 high made on Sep 8th 2017. It is currently trading around...
FxWirePro: AUD/NZD eyes 50-DMA at 1.0856, break below to see further weakness
Sep 21, 2017 09:01 am UTC| Technicals
AUD/NZD bears extend slump for 3rd consecutive week, eye 50-DMA support at 1.0856. Kiwi ignores sharp drop seen in the NZ credit card spending data regains bid tone after latest poll. The latest opinion poll...
FxWirePro: US Dollar Index trades well above 20- day MA, jump till 93.35 likely
Sep 21, 2017 08:21 am UTC| Technicals
US Dollar index is trading in narrow range between 92.66 and 91.58 for the past three trading session. It is currently trading around 92.41. Short term bullishness can be seen only above 92.36- 92.60 (daily...
FxWirePro: USD/CHF breaks major resistance at 0.9705, jump till 0.97730 likely
Sep 21, 2017 07:05 am UTC| Technicals
USD/CHF has broken major resistance at 0.9705 high made on Sep 14th 2017 after hawkish Fed statement. The pair has formed a minor bottom at 0.95650 on Sep 15th 2017 and trading higher from that level. It is currently...
FxWirePro: Copper breaks below 50-DMA, 38.2% Fibo at 2.90 in sight, stay short
Sep 21, 2017 06:36 am UTC| Technicals
Copper extends slump for 3rd consecutive week, trades 1.12% lower on the day. Price action has breached 50-DMA support at 2.939, scope for further downside. Bears eye 38.2% Fib retracement of 2.472 to 3.176 rally...
Sep 21, 2017 06:20 am UTC| Technicals Insights & Views
From last two weeks, NZDJPY bullish streaks seem to have been halted today, but the current price is still above 7-weeks highs. Historically, upswings exhausted at the stiff resistance of 83.929-943 levels, Shooting...
FxWirePro: Gold declines on hawkish Fed statement, good to sell on rallies
Sep 21, 2017 06:13 am UTC| Technicals
Gold prices declined sharply below $1300 on account of hawkish US Fed statement. The yellow metal dipped till $1296 yesterday. It is currently trading around $1298.. Fed has kept its interest rate unchanged and...
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