FxWirePro: AUD/NZD finds major resistance at 1.0830, good to go long on break above
May 11, 2018 08:19 am UTC| Technicals
AUD/NZD consolidates previous sessions spike, hits fresh 3-month highs at 1.0829. The pair finds major trendline resistance at 1.0830, break above to see further upside. Aussie subdued slightly after decline in...
May 11, 2018 07:33 am UTC| Technicals Insights & Views
AUDUSD shooting star and gravestone doji appear at wedge resistance that evidence considerable price slumps (on daily plotting), as a result, it has broken below wedge baseline that acted as strong support so far. On...
FxWirePro: GBP/CAD extends weakness below 38.2% Fib, eyes 200-DMA at 1.7124, stay short
May 11, 2018 07:13 am UTC| Technicals
GBP/CAD is extending weakness after break below 38.2% Fib, bias lower. The pair trades with a bearish bias. We see scope for test of 200-DMA at 1.7124. Momentum studies bearish, Stochs deep in oversold zone. We...
FxWirePro: Gold recovers slightly after weak US CPI, good to sell on rallies
May 11, 2018 06:59 am UTC| Technicals
Gold prices shown a minor jump of almost $12 from a yesterdays low of $1310. The yellow metal remains under pressure from a strengthening U.S dollar and higher US 10 year bond yields But U.S dollar pared its gains...
May 11, 2018 06:54 am UTC| Technicals
FxWirePro Currency Strength Index for NZD/CAD: Bias Bearish FxWirePros Hourly USD Spot Index was at -40.1145 (Neutral) FxWirePros Hourly USD Spot Index was at 100.215 (Bullish) Technical Analysis: Bias Bearish -...
FxWirePro: Nikkei trades higher as dollar eases after US inflation, good to buy on dips
May 11, 2018 05:55 am UTC| Technicals
Asian markets are trading positive after 1% jump in U.S markets yesterday. Tech and health care stocks drive more gains for US market. Asian markets following footsteps of US markets as slightly weaker than expected US...
FxWirePro: Potential 'Bearish Bat' pattern on AUD/JPY, stay long on break above 20-DMA at 82.50
May 11, 2018 05:55 am UTC| Technicals
AUD/JPY consolidates gains holds break above 50-DMA at 82.41, bias higher. Aussie dented slightly after decline in decline in Australian Home Loans. Australian Home Loans printed at -2.2%, a miss from the...
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