FxWirePro: GBP/JPY upside capped by 55- day EMA, good to sell on rallies
Mar 21, 2018 07:31 am UTC| Technicals
GBP/JPY declined from the high of 149.79 made yesterday. The minor weakness in the pair was mainly due to slightly weaker than expected UK CPI data. UK CPI data came at 2.7% YOY compared to forecast of 2.8% and core CPI...
FxWirePro: NZD/CAD capped at 78.6% Fib, stay short on close below 20-DMA at 0.9363
Mar 21, 2018 07:01 am UTC| Technicals
NZD/CAD is extending decline after upside was capped at 78.6% Fib at 0.9519. The pair is currently hovering around 20-DMA and we see further weakness on decisive close below. The pair is extending trade in a Cup...
Mar 21, 2018 06:56 am UTC| Technicals
NZDUSD bears resume again in minor and intermediate trend after the occurrence of shooting star at 0.7389, 0.7370 and 0.7331 levels (refer daily plotting). These bearish patterns have witnessed steep price dips, the...
FxWirePro: AUD/CAD breaks below 20-DMA at 1.0047, good to go short on rallies
Mar 21, 2018 06:45 am UTC| Technicals
AUD/CAD fails to hold and extend breakout above channel top, slips lower to currently trade at 1.0027 levels. The pair is trading 0.14% lower on the day, extending downside for 5th consecutive session. Price...
FxWirePro: Gold trades flat, market eyes US Fed meeting
Mar 21, 2018 06:44 am UTC| Technicals
Gold declined almost $10 from yesterdays high of $1318. The yellow metal was trading flat after a hitting low of $1307.70 and market eyes US fed monetary policy for further direction. The main reason for decline is due to...
FxWirePro: EUR/GBP range-bound, consolidates break below daily cloud, bias lower
Mar 21, 2018 06:19 am UTC| Technicals
EUR/GBP is trading in a narrow range as we head into the European session, bias still bearish. The pair is likely consolidating break below daily cloud, bears now target 61.8% Fib at 0.8682. ZEW index of...
FxWirePro: Chinese yaun remains unchanged despite Fitch’s ‘A+’ rating
Mar 21, 2018 06:09 am UTC| Technicals
USD/CNY is currently trading around 6.3332 marks. It made intraday high at 6.3340 and low at 6.3301 levels. Intraday bias remains neutral for the moment. A sustained close above 6.3565 marks will test key...
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