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FxWirePro: NZD/USD extends break below major support at 0.6960, eyes trendline at 0.6770, stay short

Oct 26, 2017 10:28 am UTC| Technicals

NZD/USD is extending downside for 2nd consecutive week, bias still bearish. The pair has hit edged higher from fresh 5-month lows at 0.6860, trading largely muted on the day at 0.6880 levels. Momentum studies...

FxWirePro: USD/CAD trades higher after BOC policy meeting, good to buy on dips

Oct 26, 2017 10:00 am UTC| Technicals

Canadian Dollar tumbled sharply yesterday after Bank of Canada rate decision. Loonie has broken major resistance 1.27780 high made since Aug 15th 2017. The pair hits high of 1.28167 and is currently trading around...

FxWirePro: EUR/CHF major trend sustains above long-lasting range after stern engulfing pattern, bulls inching towards 3-years’ highs – Bid for one-touch binaries

Oct 26, 2017 09:14 am UTC| Technicals Insights & Views

With just 350-375 pips away from the current levels of EURCHF, bulls have been stimulated to hit 3-years highs after the formation of a stern bullish engulfing pattern candle at 1.1656 levels on daily and 1.1442 levels on...

FxWirePro: NZD/JPY struggles to hold break below 78 handle, bias bearish

Oct 26, 2017 09:01 am UTC| Technicals

NZD/JPY is retraced dip below 78 handle, is currently trading around 78.21 levels. The pair has edged higher from multi-week lows at 77.93, bias still bearish. Break of Wedge Base support at 78.90 keeps scope for...

FxWirePro: NZD/CHF capped below 5-DMA, bias lower, stay short

Oct 26, 2017 08:12 am UTC| Technicals

NZD/CHF recovery capped below 5-DMA, bias still bearish. The pair has shown breach at channel base raising scope for further downside. Disappointing NZ trade balance data, which showed that the trade deficit...

FxWirePro: South African rand weakens more than 1 pct to 14.25 on budget shock

Oct 26, 2017 07:56 am UTC| Technicals

USD/ZAR is currently trading around 14.22 levels. It made intraday high at 14.25 and low at 14.02 levels. Intraday bias remains bullish till the time pair holds key support at 14.04 mark. A daily close...

FxWirePro: FTSE100 breaks trend line support, dip till 7195 likely

Oct 26, 2017 07:19 am UTC| Technicals

FTSE100 has formed a temporary top around 7559 and started to decline sharply from that level. The index dipped till 7428 and is currently trading around 7450. The indexs short term trend line support has broken 7457...

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