Jul 16, 2018 07:42 am UTC| Technicals Research & Analysis
AUDUSD forms shooting star on weekly plotting that evidence the slumps below 7SMA again. On the contrary, the pair forms dragonfly doji and hammer patterns at 0.7440, 0.7402 and 0.7428 levels, while both RSI and...
FxWirePro: BTC/USD rangebound, break below trend line support at 6162 to see further downside
Jul 16, 2018 07:40 am UTC| Digital Currency Technicals
BTC/USD is extremely rangebound on Monday with its upside capped by 20-DMA. It is currently trading at 6351 levels at the time of writing (Bitstamp). On the topside, a consistent break above 6398 (20-DMA) would see the...
FxWirePro: Indian rupee trades marginally lower despite robust WPI inflation data
Jul 16, 2018 07:10 am UTC| Technicals
USD/INR is currently trading around 68.51 marks. It made intraday high at 68.52 and low at 68.38 marks. Intraday bias remains bullish till the time pair holds key support at 68.15 mark. Key resistances are...
Jul 16, 2018 06:52 am UTC| Technicals
USD/CNY is currently trading around 6.6887 marks. It made intraday high at 6.7041 and low at 6.6838 levels. Intraday bias remains neutral till the time pair holds eky resistance at 6.7050 mark. A sustained...
FxWirePro: Gold Intraday Trade
Jul 16, 2018 06:28 am UTC| Technicals
Overall trend - bearish Intra day trend Bullish Gold is trading weak and lost almost more than $30 in previous week. The main reason for fall is strong US dollar index and weak yen. The yellow metal has shown a...
BTC/USD Price Band Between $5,500 - $6,000 and Reminiscences of Bitcoin Boom-Cycle
Jul 16, 2018 06:16 am UTC| Research & Analysis Fintech Technicals Insights & Views
The month of June has been pathetic for crypto-universe when Coinrail, the South Korean based digital exchange platform, reported a hacking news, as a result, the price of Bitcoin (BTCUSD) plunged by more than 17.8% (as...
FxWirePro: EUR/JPY extends gains for the 4th straight week, eyes 200-DMA at 131.90
Jul 16, 2018 06:11 am UTC| Technicals
EUR/JPY is extending winning streak into the 4th straight week, bias remains bullish. The pair has ignored a Doji formation on the daily candle on Fridays trade. Price action pushes higher from session lows at...