FxWirePro: USD/CAD Double Top and Long legged Doji
Oct 18, 2017 09:00 am UTC| Technicals
USD/CAD has declined sharply once again after hitting high of 1.25908 yesterday on strong crude oil prices. Lonnie has dipped till 1.24875 and is currently trading around 1.25235. Crude oil price rose yesterday on...
Oct 18, 2017 08:06 am UTC| Technicals Insights & Views
Before we begin with this technical write up, please go through our previous analytic work on this pair where we had advocated short hedges in order to arrest bearish risks a few days...
FxWirePro: USD/ZAR hovers around key support at 13.38 mark, South Africa’s CPI data in focus
Oct 18, 2017 07:36 am UTC| Technicals
USD/ZAR is currently trading around 13.40 levels. It made intraday high at 13.43 and low at 13.38 levels. Intraday bias remains neutral till the time pair holds key support at 13.38 mark. A daily close...
FxWirePro: USD/CHF struggles to close above 0.9800, good to buy on dips
Oct 18, 2017 07:14 am UTC| Technicals
USD/CHF has shown a minor dip after hitting a high of 0.9808. The pair has made a temporary top around 0.98350 and any bullish continuation only above 0.98350 level. Intraday trend of the pair is still bullish as long as...
FxWirePro: EUR/USD forms head and shoulder pattern, good to sell on rallies
Oct 18, 2017 07:00 am UTC| Technicals
Chart Pattern Formed Head and Shoulders. EUR/USD has recovered slightly after hitting low of 1.17361 yesterday and pair is still below 1.1800 level. Euro declined yesterday on rumor that Fed President Trump got...
FxWirePro: USD/INR back above 65.00 mark, stay bullish
Oct 18, 2017 06:37 am UTC| Technicals
USD/INR is currently trading around 65.10 marks. It made intraday high at 65.12 and low at 64.95 marks. Intraday bias remains bullish till the time pair holds key support at 64.80 marks. Key resistances are...
FxWirePro: Gold trades lower as Trump prefers Hawkish new Fed Chair, good to sell on rallies
Oct 18, 2017 06:08 am UTC| Technicals
Gold declined sharply till $1281.45 from the high of $1305.89 on account of slight strength in US dollar and on rumor that Trump favors Hawkish Taylor for Fed chairman. The yellow metal prices are supported at lower level...
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