
FxWirePro: US oil trades lower on rising US crude inventories, dip till $58 possible
Mar 28, 2019 12:09 pm UTC| Technicals
Chart pattern- Double top Major resistance - $60.35 US oil has lost more than $1.5 from yesterdays high of $60.20 level.Crude hits fresh four month high at $60.37 on account of OPEC supply cut. But global...

Mar 28, 2019 11:49 am UTC| Technicals
EURUSD trades lower and has broken 1.12421 low made yesterday.The pair was trading lower on account of declining US bond yield. US 10 year yield hits low of 2.340% fresh 14 -month low and trades below Fed funds rate . US...

FxWirePro: EUR/NZD struggles at 50-DMA, break below 1.6436 to see resumption of weakness
Mar 28, 2019 11:41 am UTC| Technicals
EUR/NZD chart - Trading View EUR/NZD is trading at 1.6514 at 1110 GMT, down 0.21% on the day. The pair is trading in a slopping channel pattern and has been rejected at channel top resistance. Price action...

FxWirePro: USDCAD trades higher on broad based US dollar buying and declining oil price, good to
Mar 28, 2019 10:32 am UTC| Technicals
USDCAD is trading higher for past two daysand jumped more than 50 pips from the low of 1.33720 made on Mar 26th2019 on account of broad based US dollar buying and declining crude oil price.It has formed minor top around...

USDCHF recovers sharply from low of 0.9900, any break above 0.9967 conforms minor bullishness
Mar 28, 2019 09:53 am UTC| Technicals
Major support - 0.9900 USDCHF has shown a quick recovery of nearly 60 pips from low of 0.99053 on account of broad based US dollar buying. US dollar was trading higher on declining US 10 year yield. US 10 year yield...

FxWirePro: FTSE100 downside capped by 61.8% fib, jump till 7290 likely
Mar 28, 2019 09:12 am UTC| Technicals
FTSE100 is consolidating after a major sell-off of more than 120 points from high of 7371. The sell-off was mainly due to fear of recession in US. US 10 year yield hits fresh 14 month low of 2.34% yesterday. UK MPs has...

FxWirePro: NZD/JPY pivotal around 200-DMA, good to stay short on break below
Mar 28, 2019 08:41 am UTC| Technicals
NZD/JPY chart - Trading View NZD/JPY is hovering around 200-DMA, break below will see further weakness. The pair has edged higher from session lows at 74.74, is currently trading at 75.0, 0.13% lower on the...