FxWirePro: CADJPY faces strong support near trend line support, good to sell on rallies
Dec 05, 2018 12:25 pm UTC| Technicals
Ichimoku analysis (Daily chart) Tenken-Sen- 85.58 Kijun-Sen- 85.79 CAD/JPY trades lower and lost more than 100 pips from the high 86.24 made yesterday. The Japanese yen was trading strong against after...
FxWirePro: GBP/AUD spikes above 5-DMA, bullish divergence keeps scope for further upside
Dec 05, 2018 12:12 pm UTC| Technicals Research & Analysis
GBP/AUD chart on Trading View used for analysis GBP/AUD spikes higher on the day supported by positive Brexit news and dismal Australia GDP. The pair is trading 1.12% higher on the at 1.7517, breaks above...
Dec 05, 2018 12:04 pm UTC| Technicals
EUR/USD unable to maintain gains made after US and China trade truce.The pair hits high of 1.14183 and lost nearly 100 pips from that level. The USD was gaining against all majors as optimism on trade talks was faded and...
FxWirePro: USD/CHF struggles to close above 200-4 H MA, good to sell on rallies
Dec 05, 2018 12:02 pm UTC| Technicals
Major resistance - 1.0010 USD/CHF has once again declined after showing a minor jump above 1.000 level. It hits high of 1.00051 and started to decline from that level.The pair shown a huge recovery from yesterday...
FxWirePro: GBP/USD recovers on declining US 10-year yield, markets eye UK parliament vote on Brexit
Dec 05, 2018 11:58 am UTC| Technicals
GBPUSD was trading lower and lost more than 150 pips from yesterdays high of 1.28396. The Brexit uncertainty and broad based US dollar buying are main reason for sell-off. Markets eye Tuesdays vote in the House of Commons...
FxWirePro: NZD/CAD extends major trendline break, Canadian dollar weakens ahead of BoC policy meet
Dec 05, 2018 11:10 am UTC| Technicals Research & Analysis
NZD/CAD chart on Trading View used for analysis NZD/CAD is extending gains, trades at 0.9192, up 0.05% at the time of writing. The Canadian dollar weakens as we head into BoC policy meeting, the central bank is...
FxWirePro: Copper fails to close above 110-EMA, break below cloud to see weakness
Dec 05, 2018 10:53 am UTC| Technicals Research & Analysis
Copper chart on Trading View used for analysis Copper is trading largely muted at 2.757 at the time of writing. Price action has failed again to clear past stiff 110-EMA resistance. We expect prices to...
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