FxWirePro: Aussie trades marginally lower as retail sales data misses expectations
Mar 07, 2019 01:25 am UTC| Technicals
AUD/NZD is currently trading around 1.0379 marks. Pair made intraday high at 1.0392 and low at 1.0369 marks. Intraday bias remains slightly bearish for the moment. A sustained close above 1.0388 will drag...
FxWirePro: USD/CAD hits 2-month high on dovish BOC, jump till 1.3660 possible
Mar 06, 2019 17:24 pm UTC| Technicals
USD/CAD is trading higher for 5th consecutive day and jumped more than 100 pips for the day after dovish BOC monetary policy.Bank of Canada has kept its interest rates unchanged at 1.75%.BOC Governor expects that rates...
FxWirePro: NZD/USD finds strong support at 200-DMA, break below to confirm further weakness
Mar 06, 2019 17:06 pm UTC| Technicals
NZD/USD chart - Trading View NZD/USD on track to close in the red for the 3rd straight session. The pair is trading at 0.6774 at 1700 GMT, down 0.30% at the time of writing. U.S. private sector employment...
FxWirePro:US oil forms Adam and Adam double top pattern, break below $55 confirms major bearishness
Mar 06, 2019 13:19 pm UTC| Technicals
Chart pattern: Adam and Adam Double top pattern US oil has formed almost a double top around $57.80 and shown a good selling from that level. It hits low of $55.55 and shown a minor recovery from that level. It is...
FxWirePro:CADJPY trades lower for 4th consecutive day on weak Canadian dollar, markets eye BOC
Mar 06, 2019 11:51 am UTC| Technicals
CADJPY has lost more than 150 pips in past three trading session after forming a temporary top around 85.23. The decline in price was mainly due to heavy selling in Canadian dollar due to weak economic data and declining...
Mar 06, 2019 11:07 am UTC| Technicals
GBPJPY is trading weak for third consecutive day and lost nearly 200 pips from the high of 148.57 on account of Brexit uncertainty. GBP was trading lower against all major especially with USD and lost more than 250 pips...
FxWirePro: EUR/AUD breaks above daily cloud, hits 8-week highs at 1.6093, bias higher
Mar 06, 2019 10:49 am UTC| Technicals
EUR/AUD chart - Trading View EUR/AUD has shown a breakout at daily daily cloud, intraday bias bullish. AUD weakness across the board after poor GDP data and dovish comments from RBAs Lowe support gains. The...