FxWirePro: Gold trades lower strong USD, good to sell on rallies
Jun 20, 2018 07:40 am UTC| Technicals
Gold prices has shown a $10 dip yesterday after a minor consolidation. The yellow metal jumped slightly till $1283.95 yesterday and hits 5 month low at $1270. The major reason for huge decline in gold is due to strong US...
Jun 20, 2018 07:37 am UTC| Technicals Insights & Views
Chart and candlestick patterns occurred: Long-legged doji has occurred at 147.568 levels, one can observe the steep price dips below DMAs ever since the occurrence of this bearish pattern (refer daily plotting). While...
FxWirePro: USD/INR moves in stiff boundaries, stay bearish only below 67.97 mark
Jun 20, 2018 06:24 am UTC| Technicals
USD/INR is currently trading around 68.04 marks. It made intraday high at 68.17 and low at 68.00 marks. Intraday bias remains neutral till the time pair holds key support at 67.97 mark. Key resistances are...
FxWirePro: AUD/CHF holds strong trendline support at 0.7325, break below to see further weakness
Jun 20, 2018 06:20 am UTC| Technicals
AUD/CHF has edged higher after holding strong trendline support at 0.7325. The pair is currently trading 0.41% higher on the day, at 0.7368 at the time of writing. Price action rages in a Symmetric Triangle...
FxWirePro: Nikkei recovers slightly on weak yen, good to sell on rallies
Jun 20, 2018 06:11 am UTC| Technicals
Asian markets are struggling to recover from Tuesday heavy loss. The escalating trade war between US and China were main reason for huge sell off. Shangahi composite declined sharply of more than 5% yesterday and hits low...
FxWirePro: EUR/JPY grinds lower along 5-DMA, bias lower, stay short
Jun 20, 2018 05:21 am UTC| Technicals
EUR/JPY extends break below 21-EMA, grinds lower along 5-DMA, bias lower. The major recovered from session lows at 126.64 to close at 128.49. The pair has resumed weakness on the day, trades 0.02% lower on the...
FxWirePro: USD/SGD trades in narrow range, bias remains neutral
Jun 20, 2018 04:39 am UTC| Technicals
USD/SGD is currently trading around 1.3571 marks. It made intraday high at 1.3577 and low at 1.3551 levels. Intraday bias remains neutral for the moment. A daily close above 1.3568 will test key resistances...
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