FxWirePro: USD/CHF trades weak, good to sell on rallies
Nov 22, 2017 09:06 am UTC| Technicals
USD/CHF has declined once again after showing a jump till 0.99467. The pair has declined fourth time from this level. It is currently trading around 0.98918. Market awaits US durable goods and unemployment claims data...
FxWirePro: AUD/CHF struggles to hold break above 5-DMA, good to go short below 0.7465
Nov 22, 2017 08:44 am UTC| Technicals
AUD/CHF struggles to hold break above 5-DMA at 0.7503, trades 0.32% lower on the day. Price action rages below 200-DMA (0.7544) and daily cloud, bias lower. Technical studies are bearish on daily, weekly and...
FxWirePro: XAG/USD hovers around $17.00 mark, bias remains neutral
Nov 22, 2017 08:38 am UTC| Technicals
XAG/USD is currently trading around $16.98 marks. It made intraday high at $17.01 and low at $16.91 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.03 mark. A daily close...
FxWirePro: USD/ZAR trades in narrow range, South Africa’s CPI data in focus
Nov 22, 2017 07:51 am UTC| Technicals
USD/ZAR is currently trading around 13.97 levels. It made intraday high at 13.99 and low at 13.96 levels. Intraday bias remains neutral till the time pair holds key support at 13.94 mark. A daily close...
Nov 22, 2017 07:40 am UTC| Technicals
Chart pattern formed- Rising wedge pattern (on weekly plotting) and bearish engulfing candlestick pattern (on daily plotting). Contemplating and synthesizing these chart and candlestick patterns, coupled with the fact...
FxWirePro: AUD/NZD struggles at major trendline support at 1.1075, good to go short on break below
Nov 22, 2017 06:25 am UTC| Technicals
AUD/NZD struggles to break major trendline support at 1.1075, bias neutral. Bearish divergence on RSI and Stochs keeps scope for downside. Break below 1.1075 raises scope for weakness. Next immediate support lies...
FxWirePro: USD/CNY remains well supported below 6.62 mark, PBOC sets yuan mid-point at 6.6290
Nov 22, 2017 06:19 am UTC| Technicals
USD/CNY is currently trading around 6.6141 marks. It made intraday high at 6.6326 and low at 6.6135 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.6405 mark. A sustained...
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