FxWirePro: USD/CHF faces strong resistance at 0.9650, good to sell on rallies
Apr 13, 2018 10:03 am UTC| Technicals
USD/CHF has once again shown a decline after hitting high of 0.96460. The pairs upside is limited to 0.9650 as geo political tension increases demand for safe haven assets like Swiss franc and yen. Overall trend of Swiss...
FxWirePro: EUR/CAD on track to test 100-DMA at 1.5445, good to go short on rallies
Apr 13, 2018 09:31 am UTC| Technicals
EUR/CAD is extending weakness for 4th straight week. Momentum still with the bears. Price has hit 8-week lows and technical studies point to further weakness in the pair. Weekly charts have turned bearish. RSI...
FxWirePro: GBP/JPY hits fresh 7- week high, good to buy on dips
Apr 13, 2018 09:18 am UTC| Technicals
GBP/JPY is continuing its huge bullish trend for second consecutive days on account rising GBP against all majors on hopes rate hike by BOE. The easing tensions in Middle East has reduced demand for safe haven assets like...
FxWirePro: Turkish lira erases previous loss against U.S. dollar, short term trend reversal likely
Apr 13, 2018 08:34 am UTC| Technicals
USD/TRY is currently trading at 4.0810 levels. It made intraday high at 4.1174 and low at 4.0723 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 4.1606 levels. Key...
Apr 13, 2018 08:02 am UTC| Technicals Insights & Views
Chart and candlestick patterns formed - Bullish engulfing pattern has occurred at 131.157 levels, consequently, the bullish pattern candlestick evidences rallies above DMAs with healthy momentum and, the stiff resistance...
FxWirePro: EUR/NZD hits new 3-month lows at 1.6674, finds strong support at 200-DMA at 1.6661
Apr 13, 2018 07:39 am UTC| Technicals
EUR/NZD extends weakness after break below trendline support, bias still bearish. Euro slumped across the board overnight as ECB minutes and poor data weighed. The ECB minutes showed members remain widely...
FxWirePro: Gold trades lower on easing Middle East tensions, good to sell on rallies
Apr 13, 2018 07:39 am UTC| Technicals
Gold declined sharply yesterday almost $20 on account of easing geo political tensions and slightly stronger US dollar. The decline happened yesterday after Trump tweeted that attack on Syria could take place very soon or...
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