FxWirePro:USD/CAD lost more than 100 pips on optimistic US-China trade talks and rising crude oil price,good to sell on rallies

Dec 03, 2018 09:00 am UTC| Technicals

USD/CAD has lost more than 150 pips from the high of 1.33599 on account of easing trade war and rising crude oil Prices. US and China trade talks was positive and no trade tariff for next three months. The tariff may...

FxWirePro: GBP/NZD breaks below major trendline support at 1.8550, on track to test 61.8% Fib, stay short

Dec 03, 2018 08:53 am UTC| Technicals Research & Analysis

GBP/NZD chart on Trading View used for analysis GBP/NZD has broken below weekly cloud and major trendline support at 1.8550. Scope for further weakness, 61.8% Fib retracement at 1.8143 in sight. Brexit...

FxWirePro: USD/CAD shooting star causes gap down opening to send early signal of slumps, major trend in rising channel intact – Trade tunnel spread

Dec 03, 2018 07:57 am UTC| Research & Analysis Technicals

USDCADs shooting star plummets prices below 21-DMAs with gap-down opening pattern. Consequently, more slumps possible as the bears are intensified with momentum indicators signaling overbought pressures. (refer daily...

FxWirePro: EUR/NZD finds strong support at 0.6357 (weekly cloud), good to stay short on break below

Dec 03, 2018 07:23 am UTC| Technicals Research & Analysis

EUR/NZD chart on Trading View used for analysis EUR/NZD edges higher from fresh 1-year lows at 1.6388, trades 0.04% higher on the day at 1.6450. The pair finds major support at 0.6357 (weekly cloud), break below...

FxWirePro:EURUSD trades higher and expects to break 1.1402 on US-China trade truce; strong equities and weak Chines yuan to support Euro prices

Dec 03, 2018 06:59 am UTC| Technicals

EUR/USD has pared most of its losses made on Friday after 90- day ceasefire on trade tariff. US President Donald Trump has told in meeting to Chinese President Xi that US will not impose 25% tariff on $200 bn worth of...

FxWirePro: NZD/USD breaks above 200-DMA to hit 5-month high above 0.69 handle, bias higher

Dec 03, 2018 06:08 am UTC| Technicals Research & Analysis

NZD/USD chart on Trading View used for analysis NZD/USD is extending bullish gap open on Monday, bias remains higher. The antipodeans remain buoyed after US President Trump and his Chinese counterpart Xi reached...

FxWirePro: Gold Daily Outlook

Dec 03, 2018 05:43 am UTC| Technicals

Gold has shown almost $10 rise from low of $1216 on slight weakness in US dollar.It is currently trading around $1225. The major three factors that drive gold prices US dollar Index: Weak.DXYhas lost nearly 0.40%...