Aug 18, 2016 12:18 pm UTC| Technicals
Major resistance 132.40 (23.6% retracement of 143.23 and 129.06). The pair has recovered sharply after making a low of 130.02 at the time of writing. It is currently trading around 131.82. UK employment data and...
USD/CAD trades well below tramline support, decline till 1.2680 likely
Aug 18, 2016 11:07 am UTC| Technicals
Major Support- 1.2870 (trend line joining 1.24607 and 1.26778). Major resistance- 1.2950 (100 day MA). Canadian dollar trades stronger against all major pairs as oil extended rally for a fifth day on account of...
Aug 18, 2016 10:28 am UTC| Technicals
Ever since the pair test supports at 1.6629 (on 4H charts), upswings have spiked above DMAs with 7DMA crossing over 21DMA which signify the buying interests. However, the major downtrend still seems intact despite the...
FxWirePro: DAX30 faces strong support at 200- HMA, good to sell on rallies
Aug 18, 2016 09:19 am UTC| Technicals
Major intraday support 10470 (200 HMA). The index has slightly recovered after making a low of 10514. It is currently trading around 10669. In the hourly chart, DAX is facing strong resistance at 10661 (100 H...
FxWirePro: GBP/USD faces strong resistance at 21-day MA, good to sell on rallies
Aug 18, 2016 08:04 am UTC| Technicals
Major resistance- 1.3100 Major support 1.2850 Cable has recovered sharply till 1.30873 after better than expected UK employment data released yesterday. It is currently trading at 1.30705. Short term trend...
FxWirePro: EUR/JPY extends range trade, focus on eurozone CPI and ECB accounts data
Aug 18, 2016 07:27 am UTC| Technicals
EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug. The pair finds major trendline support at 112.45, weakness only on break below. On the upside 20-DMA at 113.97 is immediate...
FxWirePro: AUD/CAD downside halts at 38.2% Fib, further weakness only on break below
Aug 18, 2016 07:04 am UTC| Technicals
AUD/CAD has edged higher on the day after taking support at 38.2% Fib at 0.9816 levels. Upbeat Australias jobs data released earlier today has buoyed the Aussie. Our previous call...
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