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BTC/USD plunges below 7k mark on bearish engulfing, more slumps on cards upon bearish crossovers despite data announcement

Aug 06, 2018 11:17 am UTC| Technicals Digital Currency Insights & Views

On daily plotting,BTCUSDforms hanging man and bearish engulfing pattern candles at $8,179.5 and $7,731.3 levels respectively. Ever since then, the price has constantly been dipping below DMAs and for now, plunged below...

FxWirePro: GBP/CAD hits fresh 7-month lows at 1.6833, bias lower, stay short

Aug 06, 2018 11:03 am UTC| Technicals

Refer GBP/CAD chart on Trading View GBP/CAD is trading 0.29% lower on the day at 1.6842 at the time of writing. The pair is extending weakness for the 5th straight week to hit fresh 7-month lows at...

FxWirePro: EUR/USD eyes 1.1500 level, break below confirms further weakness

Aug 06, 2018 11:02 am UTC| Technicals

EUR/USD has shown a minor recovery after US non farm payroll data. The pair has started to decline sharply and lost more than 80 pips. US economy has added only 157000 jobs for the month of Jul compared to forecast of...

FxWirePro: GBP/AUD breaks consolidation around 200-DMA, resumes downside, good to stay short on upticks

Aug 06, 2018 10:29 am UTC| Technicals

Refer GBP/AUD chart on Trading View GBP/AUD has broken out of consolidation, dips lower to break strong trendline support at 1.7640. The pair has resumed downside after sideways grind along 200-DMA for the past...

FxWirePro: GBP/USD trades well below 1.300, dip till 1.2800 likely

Aug 06, 2018 10:28 am UTC| Technicals

GBP/USD is trading weak for third consecutive day.The pair has lost more than 300 pips in previous week after weak UK economic data and dovish rate hike by BOE. The pair hits low of 1.2955 for the day and is currently...

FxWirePro: GBP/JPY trades well below 145,dip till 143 likely

Aug 06, 2018 09:34 am UTC| Technicals

GBP/JPY is trading weak for fourth consecutive day and lost more than 250 pips from high of 147.15 made previous week .GBP was trading weak against all majors in previous week after weak economic data and dovish rate hike...

FxWirePro: CAD/CHF consolidates break above daily cloud, eyes 61.8% Fib at 0.7686

Aug 06, 2018 09:16 am UTC| Technicals

Refer CAD/CHF chart on Trading View CAD/CHF is consolidating break above daily cloud, bias remains bullish. The pair has closed above 200-DMA and break above cloud signals upside continuation. Technical...

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Technology

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