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FxWirePro: AUD/CAD holds 200-DMA support, weakness only on break below

Mar 29, 2018 10:38 am UTC| Technicals

AUD/CAD is trading at 0.99 levels, largely unchanged on the day after hitting days high at 0.9918 and low at 0.9881. The pair has held strong support at 200-DMA at 0.9871 and we see weakness only on break...

FxWirePro: USD/CHF faces strong resistance at 0.9580, break above targets 0.9660

Mar 29, 2018 09:46 am UTC| Technicals

USD/CHF has been trading on the higher side in todays European session. The pair hits intraday low of 0.95530 and shown a good recovery on easing US-China trade war. The increase in risk appetite has dragged the prices of...

FxWirePro: BTC/EUR extends weakness below trendline support at 6350, targets 'Triangle Base' at 5650

Mar 29, 2018 09:03 am UTC| Technicals Digital Currency

BTC/EUR extends weakness after break below minor trendline support at 6350, bias lower. The pair is trading in a Symmetric Triangle pattern and we see scope for test of triangle base at 5650. Technical indicators...

FxWirePro: AUD/USD bulls unlikely to hold falling wedge and rising channel supports, bears on verge of extending double top formation – Trade tunnel spreads

Mar 29, 2018 08:20 am UTC| Technicals Insights & Views

Chart and candlestick pattern formed: Minor trend slides through falling wedge and intermediate trend in rising channel. Back-to-back shooting stars pop-up at wedge resistance and the bearish engulfing pattern has...

FxWirePro: USD/TWD moves in stiff boundaries, stay bearish only below 29.02 mark

Mar 29, 2018 08:06 am UTC| Technicals

USD/TWD is currently trading around 29.15 marks. It made intraday high at 29.20 and low at 29.14 marks. Intraday bias remains neutral till the time pair holds key support at 29.02 mark. A daily close above...

FxWirePro: AUD/JPY finds strong resistance at 81.90, good to go long on break above

Mar 29, 2018 07:56 am UTC| Technicals

The Japanese Yen is temporarily out of favour on receding tensions between US and China over trade tariffs. AUD/JPY edges above 1H 200-SMA, we see scope for further upside. Price action finds strong trendline...

FxWirePro: XAG/USD rejects key resistance at $16.32 mark, good to sell on rallies

Mar 29, 2018 07:32 am UTC| Technicals

XAG/USD is currently trading around $16.23 marks. It made intraday high at $16.31 and low at $16.22 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.32 mark. A daily close...

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