FxWirePro: USD/CAD regains upwards momentum, critical resistance lies ahead
Oct 20, 2016 17:45 pm UTC| Technicals
The USD/CAD pair rose on Thursday as oil prices declined, with the currency pair pulling back from 4-week low reached on Wednesday. Losses for the loonie came one day after Bank of Canada policymakers said they had...
FxWirePro: EUR/USD resumes downside as ECB keeps policy stance unchanged
Oct 20, 2016 15:02 pm UTC| Technicals
EUR/USD declined sharply on Thursday as the pair was weighted down after European Central Bank President Mario Draghi said there was no discussion at the ECBs latest policy meeting on possible changes to its 1...
FxWirePro: AUD/USD bearish again as upside bias reverses
Oct 20, 2016 14:08 pm UTC| Technicals
AUD/USD declined sharply on Thursday as Australian dollar was weighted down after weak employment report showed a big slide in full-time jobs which added to the risk of a further cut in interest rates. Australian...
Oct 20, 2016 12:36 pm UTC| Technicals
Major support 78.60 (trend line joining 77.56 and 77.96). Major resistance -79.66 (Oct 18th 2016 high). CAD/JPY breaks minor support 79 and declined till 78.61 yesterday. It is currently trading around...
FxWirePro: CAD/JPY faces strong support at 78.60, good to sell on rallies
Oct 20, 2016 12:07 pm UTC| Technicals
Major support 78.60 (trend line joining 77.56 and 77.96). Major resistance -79.66 (Oct 18th 2016 high). CAD/JPY breaks minor support 79 and declined till 78.61 yesterday. It is currently trading around...
FxWirePro: DOW JONES forms Bearish Gartley Pattern, good to sell on rallies
Oct 20, 2016 10:40 am UTC| Technicals
Harmonic Pattern Bearish Gartley pattern. Potential Reversal Zone (PRZ) 18420. The index reversed sharply from the low made on 18059. It is currently trading at 18237. On the higher side, minor resistance...
FxWirePro: DAX30 Intraday trade idea
Oct 20, 2016 09:16 am UTC| Technicals
Major resistance- 10720 (trend line joining 10806 and 10777). DAX index recovered from the low of 10354 made on Oct 13th. It is currently trading around 10660. The index major resistance is around 10720 and any...
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