FxWirePro: USD/CAD trades higher on weak crude oil price, good to buy on dips
Feb 09, 2018 09:31 am UTC| Technicals
USD/CAD is consolidating in narrow range after hitting high of 1.26131. The pair jumped almost 360 pips form the low of 1.22472. The jump in prices was mainly due to rise in US 10 year bond yields and declining crude oil...
FxWirePro: Copper extends weakness after break below 100-DMA, bias lower, stay short
Feb 09, 2018 09:07 am UTC| Technicals
Copper is extending declines steadily from multi-month peak of 3.32 hit in December. Price action has breached major supports: 50-DMA, 100-DMA, daily cloud and major trendline support. Technical studies are...
FxWirePro: XAG/USD moves in stiff boundaries, stay bearish
Feb 09, 2018 08:18 am UTC| Technicals
XAG/USD is currently trading around $16.35 marks. It made intraday high at $16.43 and low at $16.34 levels. Intraday bias remains neutral till the time pair holds key resistance at $16.50 mark. A daily close...
FxWirePro: AUD/CAD hovers around 100-DMA at 0.9797, break below to see further weakness
Feb 09, 2018 08:14 am UTC| Technicals
The pair has broken major trendline support at 0.9825, is currently struggling to break below strong support at 100-DMA at 0.9797. Weakness in crude oil prices weighing on the CAD, supporting upside in the...
FxWirePro: EUR/NOK unexpectedly spikes up to 9.78 mark after Norway’s CPI, GDP data
Feb 09, 2018 07:17 am UTC| Technicals
EUR/NOK is currently trading at 9.7580 levels. It made intraday high at 9.7836 and low at 9.6824 levels. Intraday bias remains bullish till the time pair holds key support at 9.7025 marks. A sustained break...
FxWirePro: Gold recovers slightly on safe haven demand, good to buy on dips
Feb 09, 2018 07:06 am UTC| Technicals
Gold has been highly volatile yesterday after hitting low of $1306. The yellow metal was fluctuating more than $15 on either side. The commodity jumped till $1322.50 yesterday. It is current trading around...
Feb 09, 2018 07:00 am UTC| Technicals
NZD/JPY extends downside in Bearish Cypher pattern, pauses downside at cloud base. Technical indicators are bearish. Break below 61.8% Fib will see further weakness. RSI and Stochs are biased lower. MACD supports...
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