FxWirePro: Gold trades slightly lower on easing geopolitical tensions, good to buy on dips
Apr 20, 2018 06:41 am UTC| Technicals
Gold declined almost more than $10 from yesterday high of $1350 on account of easing tensions in Middle East and Korea. The easing geo political tensions has reduced demand for safe haven assets like gold, yen and Swiss...
FxWirePro: USD/CNY jumps above 6.28 mark, PBOC sets yuan mid-point at 6.2897
Apr 20, 2018 06:39 am UTC| Technicals
USD/CNY is currently trading around 6.2858 marks. It made intraday high at 6.2875 and low at 6.2764 levels. Intraday bias remains bullish till the time pair holds key support at 6.2654 mark. A sustained...
FxWirePro: USD/JPY breaks above 55-EMA, yen slips on lackluster Japan inflation data
Apr 20, 2018 06:22 am UTC| Technicals
USD/JPY extends gradual grind higher, break above 55-EMA at 107.37, bias higher. Japans headline inflation slowed in March from the previous month, highlighting the central banks struggle to hit its 2 percent...
FxWirePro: Nikkei Daily Outlook
Apr 20, 2018 06:10 am UTC| Technicals
Nikkei has shown a profit booking from one month high on account of minor weakness in US market. The index rose more than 2.5% this week on account of weak yen. US markets Dow jones and SP500 has closed marginally weaker....
Apr 20, 2018 06:02 am UTC| Technicals
Chart and candlestick pattern formed: Minor trend slides through falling wedge and intermediate trend in rising channel. Shooting star and Gravestone doji patterns have occurred at wedge resistance signal weakness (see...
FxWirePro: AUD/NZD holds above 5-DMA, on track to test 55-EMA at 1.0683, stay long
Apr 20, 2018 05:48 am UTC| Technicals
AUD/NZD resumes upside, trades 0.34% higher on the day, bias higher. The pair has paused downside, holds above 5-DMA support, we see minor weakness on break below. Technical indicators are biased higher, momentum...
FxWirePro: EUR/JPY extends sideways, finds stiff resistance at 100-DMA (133.02)
Apr 20, 2018 04:52 am UTC| Technicals
EUR/JPY is extending sideways trade, capped between 100 and 200 DMAs. Technical indicators support upside in the pair and breakout at 100-DMA (currently at 133.02) could see further upside. RSI is above 50 and...
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