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FxWirePro: NZD/JPY holds 200-DMA support, break below eyes 50-DMA at 79.06

Jan 29, 2018 10:54 am UTC| Technicals

Kiwi remains on the back foot after last weeks dismal New Zealand Q4 CPI reading. NZ CPI data missed expectations, Q4 CPI +0.1 pct q/q (poll +0.4 pct); y/y CPI +1.6 pct (poll +1.9 pct). NZD/JPY is extending grind...

FxWirePro: CAD/JPY trades below trend line support, dip till 87.30 likely

Jan 29, 2018 10:43 am UTC| Technicals

Major support 88.30 (trend line joining 88.26 and 88.50). CAD/JPY has declined once again after hitting high of 88.84 on Jan 26th 2018. It has broken major trend line support of 88.30 and dipped till 88. It is...

FxWirePro: DXY on verge of extending 3Y lows on breach below neckline of head and shoulder - Uphold short hedging vehicles

Jan 29, 2018 10:25 am UTC| Technicals Research & Analysis Insights & Views

Before we proceed further, please go through below weblink where weve stated the potential bearish pressure as a result of head and shoulder candlestick charting pattern which is bearish in...

FxWirePro: NZD/CHF holds cloud support, good to go short on break below

Jan 29, 2018 09:17 am UTC| Technicals

NZD/CHF is consolidating break below major moving averages, bias bearish. Kiwi remains on the back foot after last weeks dismal New Zealand Q4 CPI reading. Last week the pair breached support at 100 and 200 day...

FxWirePro: EUR/USD forms shooting star, major weakness below 1.23600

Jan 29, 2018 09:05 am UTC| Technicals

Candle stick pattern- Shooting star. The pair has jumped sharply till 1.25375 after ECB press conference and started to decline sharply from that level. The pair formed a minor bottom around 1.2360 and is...

FxWirePro: Prefer to go short on XAG/USD around $17.35, stop loss at $17.48 and target of $17.12

Jan 29, 2018 08:47 am UTC| Technicals

XAG/USD is currently trading around $17.32 marks. It made intraday high at $17.46 and low at $17.31 levels. Intraday bias remains bearish till the time pair holds key resistance at $17.48 mark. A daily close...

FxWirePro: BTC/EUR breaks below 100-SMA, good to go short on break below 8950

Jan 29, 2018 08:35 am UTC| Technicals Digital Currency

BTC/EUR has broken strong support at 1H 100-SMA at 9100, intraday bias lower. Technical studies on hourly charts are bearish. The pair has taken support at 8950 (trendline). Price action rages below major EMAs on...

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