FxWirePro: GBP/AUD trades rangebound below 38.2% Fib, on track to test 200-DMA at 1.7476, stay short
May 28, 2018 06:49 am UTC| Technicals
GBP/AUD is trading in an extremely narrow range, with a days high at 1.7629 and a low of 0.7587. The pair is extending break below daily cloud and 100-DMA, bias still bearish. Upside was rejected at 200W-SMA and...
FxWirePro: Nikkei 225 forms Bearish Engulfing pattern in weekly chart, good to sell on rallies
May 28, 2018 06:37 am UTC| Technicals
Candlestick pattern formed- Bearish Engulfing pattern (Weekly chart) Asian markets are tradingslightly weak especially Nikkei in previous week due to strong Yen. The geopolitical tensions slightly eased on revived...
FxWirePro: Indian rupee erases previous loss against U.S. dollar, bias remains bearish
May 28, 2018 06:28 am UTC| Technicals
USD/INR is currently trading around 67.42 marks. It made intraday high at 67.79 and low at 67.25 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.80 mark. Key resistances...
May 28, 2018 06:19 am UTC| Technicals
FxWirePro Currency Strength Index for NZD/USD: Bias Bullish FxWirePros Hourly USD Spot Index was at 131.953 (Bullish) FxWirePros Hourly USD Spot Index was at -101.709 (Bearish) Technical Analysis: Bias Bullish -...
May 28, 2018 05:48 am UTC| Technicals
Aussie supported by risk-on as US and N.Korea seek to proceed with the June Summit. Further broad-based USD selling across the board in the Asian session supporting the pair higher. AUD/USD edged higher on the...
FxWirePro: USD/TWD rejects key resistance at 30.02 mark, short term trend reversal likely
May 28, 2018 04:34 am UTC| Technicals
USD/TWD is currently trading around 29.88 marks. It made intraday high at 29.96 and low at 29.87 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 30.02 mark. A daily...
FxWirePro: USD/JPY edges lower from session highs at 109.83, broad-based USD selling weighs
May 28, 2018 04:31 am UTC| Technicals
USD/JPY correction from lows proved to be short-lived, the pair rejected at highs. Price has edged lower from session highs at 109.83. We see scope for further downside on close below 21-EMA. US dollar caught bid...
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