FxWirePro: NZD/JPY breaks 'Wedge Base' support at 78.90, bias lower, stay short
Oct 25, 2017 09:44 am UTC| Technicals
NZD/JPY is trading in a rising Wedge pattern, and has broken strong support at Wedge base at 78.80. Kiwi continues to remain under pressure, is likely to extend weakness in the wake of the electoral...
FxWirePro: USD/CAD trades higher, market eyes BOC
Oct 25, 2017 09:43 am UTC| Technicals
USD/CAD was trading higher and hits two month high on account of slightly weak Canadian economic data. The pair has broken major resistance 1.26600 and jumped till 1.26930. Markets expects the Bank of Canada to keep...
FxWirePro: XAG/USD back below $17.00 mark, bias remains neutral
Oct 25, 2017 08:45 am UTC| Technicals
XAG/USD is currently trading around $16.87 marks. It made intraday high at $16.94 and low at $16.84 levels. Intraday bias remains neutral for the moment. A daily close above $17.22 will test key resistances...
FxWirePro: USD/CHF trades well above 233- day MA, jump till 1.000 likely
Oct 25, 2017 07:28 am UTC| Technicals
USD/CHF has shown a minor jump after breaking convincingly 233- day MA and has broken high of 0.98812 and major resistance 0.9865 and closed slightly below that level. But the pair is still trading above trend line...
FxWirePro: USD/CNY hits fresh 2-week high at 6.6436 mark, PBOC sets yuan mid-point at 6.6322
Oct 25, 2017 07:08 am UTC| Technicals
USD/CNY is currently trading around 6.6404 marks. It made intraday high at 6.6436 and low at 6.6310 levels. Intraday bias remains bullish till the time pair holds key support at 6.6255 mark. A sustained...
FxWirePro: NZD/CAD finds major support at 0.87, good to go short on break below
Oct 25, 2017 06:56 am UTC| Technicals
NZD/CAD is trading in a narrow range on the day, capped below 5-DMA. Kiwi continues to remain under pressure, is likely to extend weakness in the wake of the electoral results. The pair has been in a long term...
Oct 25, 2017 06:30 am UTC| Technicals
Steep slumps in gold prices have been observed after the occurrence of railroad pattern at $1,294.75 levels, this bearish pattern hampered previous bullish momentum. As a result, the current prices slide below DMAs,...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects