Jul 26, 2017 10:46 am UTC| Technicals Insights & Views
In short term trend, the pair has been sliding through falling wedge pattern. Every price spikes are restrained below wedge resistance and every dipis backed by wedge baseline. The bearish pressure is again observed...
FxWirePro: AUD/CAD breaks below 20-DMA, scope for test of 0.9794 (78.6% Fibo), stay short
Jul 26, 2017 09:20 am UTC| Technicals
AUD/CAD is extending downside after a Bearish Doji Star formation on daily charts. The pair has shown a break below 20-DMA which was strong support. We now see scope for test of 0.9794 (78.6% Fib retrace of 1.03458 to...
FxWirePro: CHF/JPY upside capped by 61.8% fibo, good to sell on rallies
Jul 26, 2017 08:53 am UTC| Technicals
The pair is consolidating in narrow range after hitting low of 116.43 on Jul 14th 2017. The pair formed minor top around 118.60 at Jul 10th 2017 and any further bullishness can be seen only above that level. It is...
FxWirePro: EUR/JPY extends consolidation at weekly 200-SMA, bias higher
Jul 26, 2017 08:49 am UTC| Technicals
EUR/JPY struggles to extend gains above 130 handle, finds strong support at 20-DMA at 129.32. The pair is extending consolidation around weekly 200-SMA at 130.60 ahead of the next move higher. We see further...
FxWirePro: XAG/USD consolidates around $16.40 mark, FOMC meeting in focus
Jul 26, 2017 07:55 am UTC| Technicals
XAG/USD is currently trading around $16.34 marks. It made intraday high at $16.47 and low at $16.28 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.47 mark. A...
FxWirePro: NZD/CAD recovery capped below 5-DMA, bias lower
Jul 26, 2017 07:11 am UTC| Technicals
Kiwi was supported by upbeat NZ trade data pushing NZD/CAD higher on the day. New Zealand June trade Balance came at $-3.66B y/y, beating expectations at $-3.7B). Imports came in at $4.46B, above forecasts at $4.39B,...
Jul 26, 2017 07:11 am UTC| Technicals
Bears break below strong support at 0.7416, bearish engulfing pattern candle has occurred at 0.7414 levels. Although there has been lingering bullish sentiment in the short run, the ongoing rallies are unlikely to show...
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