FxWirePro: GBP/JPY trades below trend line support, good to sell on rallies
Nov 09, 2017 11:15 am UTC| Technicals
GBP/JPY has formed a minor top around 150.32 and shown decline from that level. The pair dippedtill 148.45 and is currently trading around 148.70 The main dip in the pair was mainly due to weakness in Pound. GBP was...
Nov 09, 2017 10:15 am UTC| Technicals Insights & Views
Short-term trend analysis: Short term downtrend drifts through falling wedge Every upswing is restrained below 21DMA and channel resistance, for now, the current prices goes non-directional but with little potential...
FxWirePro: EUR/CAD trades in narrow range, weakness likely on break below 50-DMA
Nov 09, 2017 10:12 am UTC| Technicals
EUR/CAD trades in an extremely tight range, with the days high at 1.4774 and a low of 1.4745. Upside remains capped at 5-DMA at 1.4776, while daily cloud offers strong support at 1.4758 ahead of 50-DMA at...
FxWirePro: Sell CHF/JPY on rallies
Nov 09, 2017 09:42 am UTC| Technicals
Major support -113.40 CHF/JPY is consolidating after forming a bottom at 113.40. The pair jumped till 114.52 and started to show a decline. It is struggling to break above 114.60 which is acting as major near term...
FxWirePro: EUR/JPY extends weakness below 50-DMA, bias lower, stay short
Nov 09, 2017 09:30 am UTC| Technicals
EUR/JPY extends grind lower after break below strong support at 50-DMA, bias remains bearish. Comments from the Chinese President Xi, who talked up the prospects of boosting the countrys trade and imports with the US...
FxWirePro: USD/JPY finds strong support at 20-DMA (113.40), good to go short on break below
Nov 09, 2017 08:47 am UTC| Technicals
USD/JPY slips lower on renewed risk-off, down 0.28% on the day. Comments from the Chinese President Xi, who talked up the prospects of boosting the countrys trade and imports with the US triggered risk-off moods,...
FxWirePro: USD/CAD trades weak on better Canadian economic data, good to sell on rallies
Nov 09, 2017 08:31 am UTC| Technicals
Canadian dollar has shown a minor bullishness yesterday after better than expected Canada Housing starts and Building permits data. USD/CAD declined after showing minor jump till 1.28160 and is currently trading around...
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