FxWirePro: AUD/JPY breaks 50-DMA support at 87.87, bias lower, stay short
Oct 26, 2017 06:36 am UTC| Technicals
AUD/JPY breaks below strong support at 87.87 which is converged 50-DMA and trendline. The pair is consolidating previous sessions slump, trades a narrow range with days high at 87.65 and low at 87.41. Bears now...
Oct 26, 2017 06:06 am UTC| Technicals Insights & Views
EURJPY rallies are stimulated ever since the occurrence of the hammer and bullish engulfing patterns at 132.3080 and 133.2100 levels. Thereby, bull swings have gone above DMAs. For now, the extension of rallies seems most...
FxWirePro: Buy USD/CHF on dips
Oct 26, 2017 06:06 am UTC| Technicals
USD/CHF has shown a minor decline after hitting high of 0.99397 yesterday. The pair hits low of 0.9865 and is currently trading around 0.98795. The slight jump in Swiss Franc was mainly due to slight improvement in Swiss...
FxWirePro: GBP/CAD breaks 200-DMA, hits 4-month high at 1.70, bias higher, stay long
Oct 26, 2017 05:54 am UTC| Technicals
GBP/CAD has shown a decisive break at 200-DMA and hit 4-month highs at 1.70. CAD weakness post Bank of Canada (BoC) policy meet overnight propelled the pair higher. BoC left unchanged the repo rate at 1.00% and...
FxWirePro: Gold trades flat, market eyes ECB
Oct 26, 2017 05:32 am UTC| Technicals
Gold recovers slightly after hitting 2-1/2 week low on account of short covering. The upside is capped on account rising US 10 year bond yield. The yellow metal hits high of $1280.95 and is currently trading around...
FxWirePro: USD/TWD rejects key resistance at 30.30 mark, stay bearish
Oct 26, 2017 05:21 am UTC| Technicals
USD/TWD is currently trading around 30.21 marks. It made intraday high at 30.27 and low at 30.20 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.30 mark. A daily close...
Oct 26, 2017 05:00 am UTC| Technicals
The Bank of Canada overnight, left unchanged the repo rate at 1.00%, reinforcing market expectations of a disappointing neutral stance. The central bank noted slack in the labour market should allow further growth...
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