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FxWirePro: AUD/JPY breaks above 55-EMA, bias higher, good to stay long on dips

Feb 05, 2019 08:44 am UTC| Technicals

AUD/JPY chart on Trading View used for analysis AUD/JPY is trading 0.31% higher on the day at 79.64 at 0815 GMT, bias bullish. The pair has broken above 55-EMA resistnace which was capping upside from many...

FxWirePro: AUD/USD short setup on resumption of dips after RBA’s status quo despite hammer pattern signifies double top formation

Feb 05, 2019 08:24 am UTC| Technicals

RBA has maintained the status quo in its monetary policy, keeping cash rates at 1.50%. Consequently, Aussie has shown vigorous rallies up to 0.7264 levels. InAUDUSDminor trend, shooting star has occurred at 0.7272, and...

FxWirePro: Buy USD/CHF above 1.0010

Feb 05, 2019 07:14 am UTC| Technicals

Major resistance- 1.0010 USDCHF is trading higher for 3rdconsecutive day and jumped nearly 90 pips from the low. DY is rebounding after better than expected US Non farm payroll data. But US and China trade talks and...

FxWirePro: GBP/AUD pauses downside at 55-EMA ahead of UK services PMI, good to stay short on upticks

Feb 05, 2019 06:28 am UTC| Technicals

GBP/AUD chart on Trading View used for analysis GBP/AUD slumps lower ahead of UK services PMI data, trades 0.45% lower on the day at 1.7956 at 0610 GMT. Traders remained cautious before Jan UK services...

FxWirePro: EUR/CAD recovery capped below 5-DMA, on track to test 78.6% Fib, stay short

Feb 05, 2019 06:03 am UTC| Technicals

EUR/CAD chart on Trading View used for analysis EUR/CAD recovery capped below 5-DMA, the pair trades 0.04% lower on the day at 1.4987 at 0550 GMT. The pair is extending weakness below daily cloud, bias lower,...

FxWirePro: Gold downside capped by 10-day MA, good to buy on dips

Feb 05, 2019 05:56 am UTC| Technicals

Gold has halted its 2 week of winning streak and declined more than $20. The yellow metal jumped more $50 in month of Jan on account of dovish Fed and global uncertainty. The major three factors that drive gold...

FxWirePro: EUR/JPY comatose around 55-EMA, focus on Eurozone PMI data for further impetus

Feb 05, 2019 04:45 am UTC| Technicals

EUR/JPY chart on Trading View used for analysis EUR/JPY is trading in an extremely narrow range, capped below 55-EMA resistance. The pair is grinding higher, holds above 21-EMA. Major trend is bearish, but...

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