FxWirePro: USD/JPY consolidates channel break, focus on FOMC for further impetus
Jan 31, 2018 10:47 am UTC| Technicals
USD/JPY is consolidating breach of slopping channel seen last week. Price action however remains capped below 5-DMA at 108.90, bias lower as long as pair holds below. Breakout above 5-DMA at 109.28 could see...
FxWirePro: USD/CHF Short term outlook
Jan 31, 2018 10:22 am UTC| Technicals
USD/CHF is trading flat after a 685 pips dip from high of 0.99770 made on Dec 8th 2017. The pair hits low of 0.9288 and is currently trading around 0.93170. The pair is consolidating between 0.9288 and 0.94308 for the...
FxWirePro: EUR/USD trades higher, market eyes US Fed monetary policy
Jan 31, 2018 10:21 am UTC| Technicals
Major support 1.2330. EUR/USD formed a minor bottom at 1.23365 and shown a minor recovery above 1.2400. The pair is holding well above 1.2400. The pair jumped till 1.24625 and is currently trading around...
Jan 31, 2018 09:41 am UTC| Technicals
Chart and candlestick pattern formed- The bulls spike through rising channel, failure upswings at channel resistance with gravestone doji in the recent past and for now, the shooting star formation on daily...
FxWirePro: DASH/USD breaks below 100-DMA at 735, good to go short on rallies
Jan 31, 2018 09:14 am UTC| Technicals Digital Currency
DASH/USD has shown a decisive break below 100-DMA at 735 levels, bias still bearish. The pair is trading in a narrow range on the day, having hit session high at 684 and a low of 642. Technical studies support...
FxWirePro: NZD/CAD takes 20-DMA support, watch for break out at 200-DMA for further bullishness
Jan 31, 2018 07:57 am UTC| Technicals
NZD/CAD takes 20-DMA support, we see weakness only on break below. Kiwi buoyed by upbeat New Zealand trade data and sovereign debt rating affirmation by SP. The pair has broken above 5-DMA and 38.2% Fib retrace...
FxWirePro: CHF/JPY trades higher, good to buy on dips
Jan 31, 2018 07:08 am UTC| Technicals
Major intraday support- 115.75 The pair has shown a minor recovery of almost 90 pips after forming a bottom at 115.75. the pair jumped till 116.66 and is currently around 116.64. The pair was trading well above...
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