FxWirePro: AUD/NZD struggles at 200-DMA, good to go short on break below
Feb 05, 2018 09:01 am UTC| Technicals
AUD/NZD is consolidating break below major trendline support at 1.0875, bias lower. Recovery attempts lack traction, pair rejected at session highs at 1.0875 (trendline). Downside finds major support at 200-DMA...
FxWirePro: CHF/JPY forms shooting star pattern, good to sell on rallies
Feb 05, 2018 08:34 am UTC| Technicals
Candle stick pattern Shooting star. CHF/JPY has shown a good jump almost 400 pips from the low of 113.73 made on Jan 11th 2018. The pair hits high of 118.55 and is currently trading around 118.20. On the lower...
FxWirePro: Gold trades weak on strong US 10 year yield, good to sell on rallies
Feb 05, 2018 08:33 am UTC| Technicals
Gold has decline almost $22 on Friday after better than expected US non-farm payroll. The yellow metal declined till $1327 and is currently trading around $1334. US economy has added 20000 jobs for the month of Jan...
FxWirePro: DAX30 trades weak on global sell-off, good to sell on rallies
Feb 05, 2018 08:32 am UTC| Technicals
DAX index has followed the global equity market trend and declined sharply almost 2% on Friday. US stock indices Dow and SP 500 suffered huge decline in the previous week, most since 2 years. The weakness is...
FxWirePro: USD/ZAR remains well supported above 12.00 mark, stay bullish
Feb 05, 2018 08:25 am UTC| Technicals
USD/ZAR is currently trading around 12.06 levels. It made intraday high at 12.08 and low at 12.00 levels. Intraday bias remains bullish for the movement. A daily close above 12.07 will take the parity...
FxWirePro: AUD/JPY recovery capped at 100-DMA, bias lower, 200-DMA at 86.50 next bear target
Feb 05, 2018 08:14 am UTC| Technicals
AUD/JPY recovery remains capped at 100-DMA at 87.30, we see upside only on retrace above. The pair closed below 100-DMA in last weeks trade and we see bias for further weakness. Technical studies are bearish. RSI...
FxWirePro: USD/CNY hovers around 6.30 mark, PBOC sets yuan mid-point at 6.3019
Feb 05, 2018 07:39 am UTC| Technicals
USD/CNY is currently trading around 6.2960 marks. It made intraday high at 6.3095 and low at 6.2860 levels. Intraday bias remains neutral till the time pair holds key support at 6.2840 mark. A sustained...
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