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FxWirePro: USDCAD hits 2-week high on weak crude oil and broad based US dollar, good to buy on dips

Feb 08, 2019 11:47 am UTC| Technicals

USDCAD continues to trade higher for 3rdday after jumping more than 100 pips yesterday. The pair has formed minor bottom around 1.30685 and shown nearly 250 pips jump.DXY is rebounding strongly and jumped more than 100...

USDCAD Trade Idea

Feb 08, 2019 11:43 am UTC| Technicals

USDCAD continues to trade higher for 3rdday after jumping more than 100 pips yesterday. The pair has formed minor bottom around 1.30685 and shown nearly 250 pips jump.DXY is rebounding strongly and jumped more than 100...

FxWirePro:GBP/USD holds steady above 1.2950 level, markets wait for next step in Brexit

Feb 08, 2019 11:41 am UTC| Technicals

Cable declined till 1.2850 yesterday after BOE monetary policy. The central bank has kept its rates unchanged and has cut its growth forecast to 1.2% from 1.7% due of Brexit uncertainty. But GBPUSD recovered sharply more...

FxWirePro: USD/CHF consolidates in narrow range, any break above 1.0030 confirms further bullishness

Feb 08, 2019 10:02 am UTC| Technicals

USDCHF is consolidate in narrow range between 1.000 and 1.00288 level for past two trading session. DXY has rebounded sharply more than 150 pips and broken major resistance 96.68 on account of broad based US dollar buying....

FxWirePro:Sell CHFJPY on rallies

Feb 08, 2019 09:14 am UTC| Technicals

Tenken-Sen- 109.51 Kijun-Sen - 109.61 CHFJPY is trading in narrow range between 110.04 and 109.41 for past three trading day. It hits intraday high of 109.64 and is currently trading around 109.59. The...

FxWirePro: CAD/JPY Bears’ Hang-Over on Hanging Man Formations – Trade Tunnel Spreads But Short Hedge as Major Consolidation Phase Edgy at 21-EMAs

Feb 08, 2019 08:27 am UTC| Technicals

Take a Glance at Technical analysis:CADJPYhas been sliding further below 7-DMAs ever since the formation of hanging man and bearish engulfing patterns at peaks of rallies. Bearish engulfing at 82.758 and 82.456 levels...

FxWirePro: Silver enjoys roller coaster movement, stay bearish only below $15.62 mark

Feb 08, 2019 07:34 am UTC| Technicals

XAG/USD is currently trading around $15.64 marks. It made intraday high at $15.73 and low at $15.64 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $15.72 mark. A...

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