FxWirePro: Chinese yuan trades marginally lower, PBOC sets yuan mid-point at 6.3294 per U.S. dollar
Mar 07, 2018 06:38 am UTC| Technicals
USD/CNY is currently trading around 6.3212 marks. It made intraday high at 6.3302 and low at 6.3102 levels. Intraday bias remains slightly bullish till the time pair holds key support at 6.3092 mark. A...
Mar 07, 2018 06:19 am UTC| Research & Analysis Insights & Views Technicals
In our previous write-up, we have already stated in the technical study of GBPJPY that the pair is mounting with bearish sentiments. We kept reiterating ever since it has broken wedge baseline and frequent occurrence of...
FxWirePro: DAX30 Daily Outlook
Mar 07, 2018 06:08 am UTC| Technicals
DAX index is trading flat after a minor jump from the low of 11730 made on Friday and closed slightly weak at 12159 0.1% lower. US futures has shown a good sell-off after US President Trumps chief economic advisor Gary...
FxWirePro: AUD/CAD consolidates break above 61.8% Fib, good to go long on dips
Mar 07, 2018 06:08 am UTC| Technicals
AUD/CAD is consolidating break above 61.8% Fib, bias higher. The pair is extending upside after breaking above major trendline resistance at 1.00. Technical indicators are biased higher. RSI shows strength at 68...
Mar 07, 2018 05:57 am UTC| Technicals
GBPJPY interim rallies attempt to spike above 7-DMAs, but that is where the spinning top pattern has occurred at 147.354 levels to restrain the rallies below DMAs (refer daily chart). The pair has been tumbling into...
FxWirePro: USD/INR fails to break key support at 64.80 mark, good to sell on rallies
Mar 07, 2018 05:57 am UTC| Technicals
USD/INR is currently trading around 64.98 marks. It made intraday high at 65.00 and low at 64.83 marks. Intraday bias remains slightly bullish till the time pair holds key support at 64.80 mark. Key...
FxWirePro: AUD/NZD capped below 20-DMA, on track to test channel base at 1.0630, stay short
Mar 07, 2018 05:26 am UTC| Technicals
AUD/NZD capped below 20-DMA which is stiff resistance, we see bearish invalidation only on decisive close above. The pair is extending downside after failure to hold break above 20-DMA, bias lower. Price action...
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