
Is this Bitcoin’s correction or bubble or another boom-cycle?
May 10, 2018 10:49 am UTC| Digital Currency Insights & Views Technicals
If youre perplexed when it comes to cryptocurrency, remember, youre not the only one for this perplexity. The rapid and stratospheric spike of bitcoin prices towards $20K and its jerk is all a little dizzying and...

FxWirePro: AUD/NZD breaks above 110-EMA, hits 3-months highs at 1.0811, bias higher
May 10, 2018 10:18 am UTC| Technicals
AUD/NZD spikes higher, trades 1.06% higher on the day, bias higher. The pair has hit 3-month highs at 1.0811 before paring some gains to currently trade at 1.0794. China PPI, a good indicator of demand for...

FxWirePro: USD/CAD trades lower on strong oil price, good to sell on rallies
May 10, 2018 09:36 am UTC| Technicals
USD/CAD declined almost more than 200 pips from 7- week high of 1.29937 made yesterday on account of rise in crude oil prices. Donald Trump announced yesterday that US will withdraw from 2015 nuclear deal and once again...

FxWirePro: AUD/CAD breaks major trendline support at 0.9645, eyes 78.6% Fib (0.9417)
May 10, 2018 08:36 am UTC| Technicals
AUD/CAD has shown a decisive break at major trendline support at 0.9645. Upbeat Canadian housing data and bullish oil prices underpin Loonie weighing on the pair. Technical indicators are biased lower, momentum...

FxWirePro: Gold recovers slightly on US –Iran geo political tension, good to sell on rallies
May 10, 2018 07:15 am UTC| Technicals
Gold prices shown a minor jump of almost $15 from a minor decline below 200 day MA. The yellow metal overall trend is still weak on account of rising US 10 year yield and US dollar. USD/JPY is showing good positive trend...

FxWirePro: CAD/JPY Buy on dips
May 10, 2018 07:14 am UTC| Technicals
CAD/JPY is continuing its second day of bullishness and jumped almost 160 pips form yesterdays low of 84.15. The pair is trading near high of 85.76 made on Apr 13th 2018 and is currently trading around 80. The yen was...

FxWirePro: NZD/CAD slips below 61.8% Fib, dovish RBNZ weighs on the kiwi
May 10, 2018 06:01 am UTC| Technicals
NZD/CAD hits new 5-month lows at 0.8863 as the kiwi slumps across the board on a dovish RBNZ. The Kiwi hit by a dovish Reserve Bank of New Zealand (RBNZ) today. The central bank looks set to hold steady on rates for...