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FxWirePro: EUR/USD hits 17 month low on broad based US dollar buying, good to sell on rallies

Nov 12, 2018 09:33 am UTC| Technicals

EURUSD has broken major support of 1.1300 after a long consolidation. The pair hits intraday low of 1.12400 for the day. The major reason for the slump in Euro was policy divergence between US Fed and ECB , Italian budget...

FxWirePro: EUR/JPY breaks below 20-DMA, on track to test 61.8% Fib at 127.87, stay short

Nov 12, 2018 08:43 am UTC| Technicals Research & Analysis

EUR/JPY chart on Trading View used for analysis The selling pressure around the single currency picking up pace, EUR/JPY down 0.48% on the day. The pair is extending the negative stance at the beginning of the...

FxWirePro: GBP/USD trading extremely weak on Brexit uncertainty, good to sell on rallies

Nov 12, 2018 08:40 am UTC| Technicals

GBP/USD has shown a gap down opening on account of Brexit uncertainty. The pair has opened 60 pips down on news that 4 pro EU UK ministers on verge of quitting and also EU has rejected Mays plan for an independent...

FxWirePro: GBP/JPY declines sharply on weak GBP, good to sell on rallies

Nov 12, 2018 07:31 am UTC| Technicals

Candlestick Pattern- Doji Major support- 148.60 As per our analysis GBPJPY declined sharply more than 250pips after hitting high of 149.48. This is the fourth time crossing above 149...

FxWirePro: AUD/USD bearish trend beams up with double top and sloping channel formations – Trade tunnel spreads and short hedge

Nov 12, 2018 07:18 am UTC| Technicals Insights & Views

AUDUSDprice trend, on daily terms, has been sliding through sloping channel.Althoughbulls of this pair have attempted to bounce back in the recent past, the failure swings were observed at around channel resistance....

FxWirePro: GBP/AUD declines for 6th straight week, slips below 200-DMA, eyes 61.8% Fib, stay short on upticks

Nov 12, 2018 07:07 am UTC| Technicals Research & Analysis

GBP/AUD chart on Trading View used for analysis GBP/AUD is extedning downside for the 6th straight week, slips below 200-DMA, we see scope for further downside. The pair has opened with a bearish gap, and...

FxWirePro: Gold continues to trade lower on strong USD, good to sell on rallies

Nov 12, 2018 06:25 am UTC| Technicals

Gold is trading lower for third consecutive day and lost more than $15 from high of $1223. The major three factors that drive gold prices US dollar Index: Bullish for intraday.DXYhas broken major resistance 97 once...

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