FxWirePro: AUD/USD slips on weak China data, maintains bearish bias
Oct 13, 2016 15:04 pm UTC| Technicals
AUD/USD declined on Thursday as Australian dollar was weighted down on disappointing Chinese trade data and expectations that Federal Reserve will raise interest rates in December. The pair remains under bears control...
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
Oct 13, 2016 14:36 pm UTC| Technicals
The GBP/USD pair inched higher on Thursday as weak Chinese data weakened dollar demand across the board and pushed investors to buy safe-haven assets after two straight days of selling. The Fed on Wednesday released...
FxWirePro: EUR/USD l gains some upside momentum but still bearish
Oct 13, 2016 14:01 pm UTC| Technicals
The EUR/USD pair traded in higher range on Thursday as poor batch of Chinese trade numbers halted the dollars broader rally. Chinas September exports fell 10 percent from a year earlier, far worse than expected, while...
Oct 13, 2016 13:19 pm UTC| Technicals
After the break below theneckline of triple top formation in gold prices have evidenced mammoth slumps. On breach below 1308.42 levels on daily charts, you can observe the tumbling of gold prices until 1241.50 levels where...
Oct 13, 2016 12:54 pm UTC| Technicals
Major resistance- 127.90 (5- day MA). Major support -124.80 GBP/JPY has retreated sharply after jumping till 127.70 yesterday. It is currently trading 126.65. The upside is capped by 5- day MA (127.90) any...
Oct 13, 2016 12:40 pm UTC| Technicals
The pair after testing supports at 4.2625 levels, bull swing has been dragging from last 3-4 consecutive days but the prevailing upswings could be dragged but capped at resistances of 4.3124 4.3185, failure swings may...
FxWirePro: GBP/JPY upside capped by 5- day MA, good to sell on rallies
Oct 13, 2016 11:46 am UTC| Technicals
Major resistance- 127.90 (5- day MA). Major support -124.80 GBP/JPY has retreated sharply after jumping till 127.70 yesterday. It is currently trading 126.65. The upside is capped by 5- day MA (127.90) any...
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