FxWirePro:Gold downside capped by 21- day EMA, good to buy on dips
Aug 17, 2017 01:58 am UTC| Technicals
Gold recovered almost 1.5% yesterday on weaker U.S dollar and Fed minutes meeting. The yellow metal jumped almost $20 from the yesterday low and is currently trading around $1287.97. DXY has formed a minor top around...
Aug 17, 2017 01:20 am UTC| Technicals
Nikkei has recovered sharply after hitting low of 19308 on Friday. The index has shown a huge recovery on account of weak yen. The index has jumped till 19835 and is currently trading around 19777 0.25% higher. USD/JPY...
FxWirePro: EUR/KRW trades in narrow range, stay bullish
Aug 17, 2017 01:15 am UTC| Technicals
EUR/KRW is currently trading around 1,335 mark. Pair made intraday high at 1,337 and low at 1,334 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,330 mark. A...
FxWirePro: USD/JPY loses momentum but outlook is bullish
Aug 16, 2017 15:19 pm UTC| Technicals
USD/JPY inched higher on Wednesday as greenback was boosted by expectations for another Federal Reserve interest rate rise in 2017 and cooling geopolitical fears. The dollar was also benefited from a fall in the euro...
Aug 16, 2017 14:20 pm UTC| Technicals
The EUR /USD pair declined on Wednesday as the dollar edged higher on the back of robust U.S. economic data and an easing in tensions over North Korea. The dollar maintained its strong stance, seeming to shrug off...
FxWirePro: GBP/AUD tests trendline support at 1.6360, good to go short on break below
Aug 16, 2017 12:40 pm UTC| Technicals
Pound buoyed by surprisingly stronger UK employment data, GBP/AUD retraced from lows of 1.6335. UK unemployment rate fell to its lowest level in more than 40 years in June and average earnings recorded a slightly...
FxWirePro: AUD/CAD rejected at 200-DMA at 1.0017, good to go short on rallies
Aug 16, 2017 11:14 am UTC| Technicals
AUD/CAD is trading a Symmetric Triangle pattern and is extending decline after rejection at triangle top. Price action is inside daily cloud and 200-DMA at 1.0017 caps upside in the pair. Technical studies are...
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