FxWirePro: XAG/USD hovers around $14.40 mark, stay bullish only above $14.42 mark
May 30, 2019 08:17 am UTC| Technicals
XAG/USD is currently trading around $14.36 marks. It made intraday high at $14.41 and low at $14.34 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $14.42 mark. A...
FxWirePro: FTSE100 Daily Outlook
May 30, 2019 08:17 am UTC| Technicals
FTSE100 trades weak following footsteps of global market. The decline was due to global growth concerns. Chinese media sources says that Chinese will cut its rare earth supplies to US. US 10 year bond yield continues to...
FxWirePro: GBP/JPY short setup with luring risk/reward ratio on inverse saucer pattern
May 30, 2019 07:35 am UTC| Technicals
Technical analysis (chart and candlestick patterns occurred):GBPJPYformed inverse saucer pattern on daily plotting. Bears extend through inverse saucer to signal further weakness, price in this minor trend slide...
FxWirePro: South African rand trades almost flat ahead of PPI, budget balance data
May 30, 2019 07:27 am UTC| Technicals
USD/ZAR is currently trading around 14.64 levels. It made intraday high at 14.67 and low at 14.60 levels. Intraday bias remains neutral till the time pair holds key resistance at 14.94 marks. A daily...
FxWirePro: USD/CNY consolidates around 6.90 mark, PBOC sets yuan mid-point at 6.8990
May 30, 2019 06:29 am UTC| Technicals
USD/CNY is currently trading around 6.9070 marks. It made intraday high at 6.9147 and low at 6.9057 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.92 mark. A sustained...
USDCAD hits 5 month high as BOC less hawkish than expected, good to buy on dips
May 30, 2019 06:29 am UTC| Technicals
USDCAD trades higher and jumped more than 50 pips after BOC monetary policy. Bank of Canada has kept its interest rates unchanged at 1.75% and signals neutral stance. Recent economic data of Canada is line with Banks April...
May 30, 2019 06:05 am UTC| Technicals
USD/INR is currently trading around 69.75 marks. It made intraday high at 69.81 and low at 69.61 marks. Intraday bias remains slightly bearish for the moment. Key resistances are seen at 69.85, 70.20, 70.52,...
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