FxWirePro: AUD/JPY spikes above weekly 200-SMA at 88.68 to hit 19-month highs at 88.94, bias higher
Jul 18, 2017 09:11 am UTC| Technicals
Aussie buoyed on upbeat RBA comments in the monetary policy statement. AUD/JPY soars 1.26 pct on the day, spikes past weekly 200-SMA to hit 19-month highs at 88.94. Technical studies support further gains in the...
FxWirePro: USD/ZAR remains well supported below 13.00 mark, bias remains bearish
Jul 18, 2017 07:46 am UTC| Technicals
USD/ZAR is currently trading around 12.92 levels. It made intraday high at 12.95 and low at 12.88 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.05 mark. A daily close...
FxWirePro: GBP/JPY downside capped by 10- day MA, good to buy on dips
Jul 18, 2017 07:25 am UTC| Technicals
GBP/JPY declined slightly after hitting high of 147.60 yesterday. The pair downside capped by 10- day MA and any break below confirms minor weakness. It is currently trading around 147.13. The temporary top formed at...
FxWirePro: Gold trades higher on Trump’s health care bill collapses, good to buy on dips
Jul 18, 2017 07:22 am UTC| Technicals
Gold recovered almost $35 from the low of $1204 made on Jul 10th 2017. The yellow metal jumped till $1238 and is currently trading around $1237.55. Euro jumped sharply and hits fresh 52 week high yesterday after...
Jul 18, 2017 07:18 am UTC| Technicals
AUD/CHF breaks 61.8% Fib retrace of 0.7806 to 0.7146 fall at 0.7554. Bias still higher. Reserve Bank of Australias hawkish tone in its July monetary policy meeting minutes buoyed the Aussie. Australias employment...
Jul 18, 2017 07:17 am UTC| Technicals
The short term trend is restrained at the stiff resistance of 147.789 levels. That is where bearish patterns such as gravestone doji and shooting star patterns are popping up at this juncture. The current prices remain...
FxWirePro: USD/CNY hits fresh 8-month low at 6.7563 mark, PBOC sets yuan mid-point at 6.7611
Jul 18, 2017 06:54 am UTC| Technicals
USD/CNY is currently trading around 6.7589 marks. It made intraday high at 6.7689 and low at 6.7563 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.7757 mark. A sustained...
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