FxWirePro: Japanese yen trades almost flat after trade balance data
Mar 19, 2018 01:07 am UTC| Technicals
USD/JPY is currently trading around 105.90 marks. It made intraday high at 106.15 and low at 105.87 levels. Intraday bias remains neutral for the moment. A daily close above 105.95 will take the parity...
Mar 16, 2018 12:23 pm UTC| Technicals
Cable is trading narrow channel for the past two trading session. The pair declined almost 83 pips from the high of 1.39957 made on Mar 14th 2018. The reason for decline was mainly due to increasing political tensions...
FxWirePro: GBP/JPY trades slightly below 200 –day MA, dip till 146.70 likely
Mar 16, 2018 12:21 pm UTC| Technicals
GBP/JPY is continuing its third day of weakness after forming a temporary top around 149.37. The yen was trading higher against all majors as safe haven demand increased on account of US trade war. The pair hits intraday...
FxWirePro: USD/CHF faces strong resistance at 0.9550, good to buy on dips
Mar 16, 2018 12:04 pm UTC| Technicals
USD/CHF has shown a good recovery after hitting low of 0.9425. The pair jumped till 0.9520 yesterday slightly near to the high of 0.95345 (Mar 9th 2018 high). It is currently trading around 0.94965. US economic data...
Mar 16, 2018 11:54 am UTC| Technicals
Chart and candlestick patterns: Frequent occurrence of bullish engulfing patterns pop up at 1.2963 and 1.3087 levels and these bullish patterns prop up rallies well above DMAs and EMAs. In this process of upswings, the...
FxWirePro: Buy GBP/USD above 1.39825
Mar 16, 2018 11:38 am UTC| Technicals
Cable is trading narrow channel for the past two trading session. The pair declined almost 83 pips from the high of 1.39957 made on Mar 14th 2018. The reason for decline was mainly due to increasing political tensions...
FxWirePro: GBP/NZD breaks out of daily cloud, stay long on break above 1.9275
Mar 16, 2018 10:50 am UTC| Technicals
GBP/NZD has bounced off major trendline support at 1.8930, bias higher. The pair has broken above daily cloud and technical studies have turned bullish. RSI shows strength at 60 levels and is biased higher....
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