FxWirePro: Watch out for triangle breakout in AUD/JPY to go short, target 200-DMA at 85.17
Aug 23, 2017 10:06 am UTC| Technicals
AUD/JPY capped below 50-DMA at 86.74, trades 0.40% lower at the time of writing, bias lower. The pair is trading in a Symmetric Triangle pattern and triangle breakout will provide further direction. 20-DMA at...
GBP/USD trades well below ichimoku cloud, dip till 1.2650 likely
Aug 23, 2017 09:24 am UTC| Technicals
Cable has broken major support at 1.2850 (cloud bottom) and closed slightly below that level. The pair declined till 1.27918 at the time of writing and is currently trading around 1.27980. The daily close the cloud...
FxWirePro: NZD/JPY slumps after rejection at 200-DMA, good to go short on rallies
Aug 23, 2017 08:58 am UTC| Technicals
NZD/JPY slumps 0.98% on the day, currently trades around 78.94, bias lower. Kiwi under pressure for the second consecutive session is extending downside after brief consolidation post RBNZ. Kiwi dented after New...
FxWirePro: XAG/USD back above $17.00 mark, bias remains slightly bullish
Aug 23, 2017 08:50 am UTC| Technicals
XAG/USD is currently trading around $17.01 marks. It made intraday high at $17.03 and low at $16.90 levels. Intraday bias remains slightly bullish for the moment. A daily close above $16.97 will test key...
FxWirePro: USD/CAD trades lower on stronger Canadian retail sales, good to sell on rallies
Aug 23, 2017 08:30 am UTC| Technicals
Major resistance 1.26100 The pair has declined slightly after hitting high of 1.25980 on account of better than expected Canadian retail sales data yesterday. Short term trend is still as long as resistance 1.26910...
FxWirePro: South African rand trades marginally lower after CPI, core CPI data
Aug 23, 2017 08:20 am UTC| Technicals
USD/ZAR is currently trading around 13.23 levels. It made intraday high at 13.25 and low at 13.13 levels. Intraday bias remains bullish for the moment. A daily close above 13.21 will take the parity...
Aug 23, 2017 08:15 am UTC| Technicals
EURGBP rallies for the day seems to be little edgy but not exhaustive, consequently, forms some bearish candlestick patterns such as gravestone doji, hanging man and spinning top amid the robust bullish trend. But the...
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