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FxWirePro: EUR/NZD breaks below 50-DMA, bias lower, good to short rallies

Dec 15, 2017 06:33 am UTC| Technicals

EUR/NZD trades with a bearish bias, capped below 5-DMA at 1.6890. The pair facing a double whammy from weak EUR upon a dovish ECB and strong NZD after upbeat comments from NZ Fin Min. The ECB has kept its...

FxWirePro: USD/INR falls below 64.00 mark, stay bearish

Dec 15, 2017 06:26 am UTC| Technicals

USD/INR is currently trading around 63.99 marks. It made intraday high at 64.18 and low at 63.92 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.18 mark. Key resistances...

FxWirePro: EUR/USD declines on dovish ECB, good to buy on dips

Dec 15, 2017 06:25 am UTC| Technicals

EUR/USD declined almost 100 pips from the high of 1.18627 on dovish ECB statement and better than expected U.S retail sales. The pair declined till 1.17647 and is currently trading around 1.17834. ECB has kept its...

FxWirePro: CAD/JPY misses evening star but back-to-back shooting star and gravestone evidence dip, intermediate bears resume exactly at wedge resistance

Dec 15, 2017 06:14 am UTC| Technicals

Chart and candlestick pattern formed - the Shooting star, gravestone doji at 88.691, 88.698 respectively (on daily plotting) and rising wedge pattern (on weekly plotting). It has just been omitted an evening star...

FxWirePro: USD/JPY hovers around 20-DMA at 112.31, break below targets 200-DMA at 111.62

Dec 15, 2017 05:32 am UTC| Technicals

USD/JPY hovers around 20-DMA at 112.31, we see weakness on break below. Price action confined to narrow range ahead of the next weeks monetary policy decision from the Bank of Japan (BoJ). BoJ is scheduled to...

FxWirePro: Gold Daily Outlook

Dec 15, 2017 05:25 am UTC| Technicals

Gold has shown a minor decline after hitting 5 day high on Wednesday after FOMC meeting. The US dollar index recovered slightly after hitting low of 93.28. The yellow metal declined till $1250 and it is currently trading...

FxWirePro: EUR/AUD trades rangebound above 50-DMA at 1.5338, break below to see further weakness

Dec 15, 2017 04:36 am UTC| Technicals

EUR/AUD pauses downside after 4 successive days of losses, bias still lower. The pair is trading in a narrow range above stiff support at 50-DMA at 1.5338. Technical indicators are biased lower, momentum highly...

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