Nov 21, 2017 11:22 am UTC| Research & Analysis Insights & Views Technicals Central Banks
KRW is right under the spotlight. USDKRW dipped below the 1100 mark, heading the lowest in more than two years. While the Bank of Korea (BOK) continues to warn that it would take actions if there is excessive KRW...
FxWirePro: EUR/USD trades lower on Germany political uncertainty, good to buy on dips
Nov 21, 2017 10:34 am UTC| Technicals
EUR/USD is showing a weakness for the past two days after hitting high of 1.18611 on account recent political turmoil in Germany. The pair declined till 1.17140 and is currently trading around 1.17360. The recent turmoil...
FxWirePro: USD/CHF upside capped by 20- day MA, good to sell on rallies
Nov 21, 2017 10:09 am UTC| Technicals
Chart pattern formed Triple bottom. USD/CHF has recovered once again after hitting low of 0.98760 level. The pair has jumped for the third form this level. The pair jumped due to slight strength in US dollar index....
FxWirePro: EUR/GBP capped below 50-DMA (0.8874), bias lower, good to short rallies
Nov 21, 2017 10:02 am UTC| Technicals
EUR/GBP trades in an extremely narrow range on the day, remains capped below 50-DMA at 0.8874. Market ignores downbeat comments on the economic outlook and Brexit process from BOE policymaker Ramsden. Latest...
Nov 21, 2017 09:09 am UTC| Technicals
Chart pattern formed- rising channel and Dragonfly doji appears exactly at channel baseline. Most noticeably, as and when this pattern occurs, bulls bounce back after testing channel support, current prices still below...
FxWirePro: Gold trades weak on strong US dollar, good to sell on rallies
Nov 21, 2017 08:47 am UTC| Technicals
Gold has shown a massive selling yesterday after hitting high of $1296 on account of strong US dollar and strong US leading economic indicators for Oct. The yellow metal declined almost $20 yesterday and is currently...
FxWirePro: USD/ZAR rejects key support at 13.94 mark, good to buy on dips
Nov 21, 2017 07:37 am UTC| Technicals
USD/ZAR is currently trading around 14.08 levels. It made intraday high at 14.09 and low at 14.02 levels. Intraday bias remains bullish till the time pair holds key support at 13.94 mark. A daily close...
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