FxWirePro: CAD/JPY trades higher on account of positive Canadian Factory order, good to buy on dips
May 17, 2018 06:39 am UTC| Technicals
CAD/JPY is trading extremely bullish from yesterday and jumped almost 75 pips. The pair hits high of 86.49 at the time of writing. Canadian dollar was trading strong against all majors after better than expected Canada...
FxWirePro: NZD/CAD grinds lower along 5-DMA, eyes 88.6% Fib at 0.8741, stay short
May 17, 2018 06:39 am UTC| Technicals
NZD/CAD is extending grind lower, remains capped below 5-DMA at 0.8843. The pair has broken 78.6% Fib at 0.8829, raising scope for further downside. The major has faded spike post New Zealands budget release,...
FxWirePro: EUR/CAD near-term outlook
May 17, 2018 06:14 am UTC| Technicals
EUR/CAD has breached the following major supports: - 200-DMA at 1.5199 - Major trendline support at 1.5250 - 55W SMA at 1.5152 Technical studies support further weakness - RSI on weekly charts below 50 and biased...
FxWirePro: Gold trades lower as US bond yield hits 7- year high, good to sell on rallies
May 17, 2018 06:08 am UTC| Technicals
Gold prices breaks an intermediate term support and trend line on Tuesday and declined almost $13 from that level on account of rising US 10 year bond yield and US dollar. US 10 year bond yield jumped till 3.10% yesterday,...
FxWirePro: USD/CNY hovers around 6.36 mark, downside limited
May 17, 2018 06:08 am UTC| Technicals
USD/CNY is currently trading around 6.3591 marks. It made intraday high at 6.3705 and low at 6.3556 levels. Intraday bias remains neutral till the time pair holds key resistance at 6.3705 mark. A sustained...
FxWirePro: USD/INR trades in narrow range, stay bullish only above 67.80 mark
May 17, 2018 05:18 am UTC| Technicals
USD/INR is currently trading around 67.76 marks. It made intraday high at 67.79 and low at 67.58 marks. Intraday bias remains neutral for the moment. Key resistances are seen at 67.80, 67.96, 68.09, 68.21,...
FxWirePro: AUD/NZD holds above 200-DMA, eyes 61.8% Fib at 1.0984
May 17, 2018 05:06 am UTC| Technicals
AUD/NZD has managed to hold above 200-DMA, the pair has failed to close below. Price is consolidating break above Triangle Top, and we see scope for further upside. Technical indicators support upside. We see...
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