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FxWirePro: Double top with bearish EMA crossover to evidence more EUR/CAD slumps, both leading and lagging indicators substantiate –Short mid-month futures

Feb 10, 2017 12:16 pm UTC| Technicals

The upswings of this pair in the beginning of this week were not able to break and sustain above 21DMA levels where it has tested resistance several times in the past. Prior to this, the pair has formed double top...

FxWirePro: Sell USD/CAD on rallies

Feb 10, 2017 10:43 am UTC| Technicals

Major resistance 1.32150 (Feb 7th high) Major intraday Support 1.30880 (50% retracement of 1.29650 and 1.32122). Lonnie recovered from the low of 1.30890 made yesterday and jumped till 1.31580 level. It is...

FxWirePro: DAX30 breaks trend line resistance at 11640,jump till 11892 likely

Feb 10, 2017 09:56 am UTC| Technicals

Major intraday trend line resistance- 11640 (trend line joining 11722 and 11699). Major support 11425 (Jan 17th low). DAX30 has broken major intraday resistance at 11640 and jumped till 11720 at the time of...

FxWirePro: AUD/NZD extends bullishness above 200-DMA, bias higher, stay long

Feb 10, 2017 09:46 am UTC| Technicals

AUD/NZD extends upside after break above 200-DMA, bias higher. Price action has broken above daily cloud and we see scope for test of trendline at 1.075. Narrowing of the NZ-US yield spread after Trumps comments on tax...

USD/NOK hits 2-week high, intra-day bias bullish

Feb 10, 2017 09:21 am UTC| Technicals

The Norwegian crown weakened following the release of weaker-than-expected inflation figures. Norways consumer price index rose at an annualized rate of 2.8 percent, against estimates and previous reading of 3...

FxWirePro: Norwegian krone falls against major peers as Norway’s CPI, core CPI data fail to meet expectations

Feb 10, 2017 08:42 am UTC| Technicals

EUR/NOK is currently trading at 8.9153 levels. It made intraday high at 8.9221 and low at 8.8733 levels. Intraday bias remains bullish till the time pair holds key support at 8.8686 marks. A sustained close...

FxWirePro: USD/ZAR trades in narrow range, bias remains neutral

Feb 10, 2017 07:16 am UTC| Technicals

USD/ZAR is currently trading around 13.38 levels. It made intraday high at 13.43 and low at 13.34 levels. Intraday bias remains neutral for the moment. A daily close above 13.36 will take the parity...

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