
FxWirePro: AUD/NZD finds major trendline resistance at 1.1055, good to go long on break above
Jan 29, 2018 06:50 am UTC| Technicals
AUD/NZD opened with a bullish gap up, but has been rejected at major trendline resistance at 1.1055. We see a Doji formation at highs on the daily charts which raises scope for retrace. Technical indicators...

Jan 29, 2018 06:39 am UTC| Technicals
Chart and candlestick patterns: USDJPY forms long lasting range on weekly as well as on monthly plotting. Hammer pattern candle occurs on daily terms which is bullish in nature. Bearish rout shrug-off this bullish pattern....

FxWirePro: GBP/CAD fails at major trendline resistance at 1.7625, slips below 5-DMA
Jan 29, 2018 06:25 am UTC| Technicals
GBP/CAD opened with a bearish gap, but has since managed to recover higher. The pair failed to hold break at major trendline resistance at 1.7625, we see further upside only on break above. Price action has...

FxWirePro: Chinese yuan trades marginally lower, PBOC sets yuan mid-point at 6.3267
Jan 29, 2018 06:24 am UTC| Technicals
USD/CNY is currently trading around 6.3270 marks. It made intraday high at 6.3305 and low at 6.3180 levels. Intraday bias remains bullish till the time pair holds key support at 6.3188 mark. A sustained...

FxWirePro: Gold trades weak, good to sell on rallies
Jan 29, 2018 06:22 am UTC| Technicals
Chart Pattern Bearish Divergence (RSI and MACD). Gold has shown a minor profit booking after hitting high of $1365. The yellow metal has declined almost more than $20 and hits low of $1342.60. US dollar index has...

FxWirePro: USD/INR fails to break key resistance at 63.62 mark, bias remains bearish
Jan 29, 2018 05:43 am UTC| Technicals
USD/INR is currently trading around 63.49 marks. It made intraday high at 63.62 and low at 63.48 marks. Intraday bias remains bearish till the time pair holds key resistance at 63.62 mark. Key resistances...

FxWirePro: Nikkei trades lower on strong yen, good to sell on rallies
Jan 29, 2018 05:33 am UTC| Technicals
Nikkei has shown a minor decline of almost 500 points from temporary top around 24187. The major reason for slight decline was due to huge sell off in USD/JPY pair. US Dow and SP 500 hits record high at 26699 and 2876...