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FxWirePro: GBP/JPY downside capped by 7- day MA, good to buy on dips

Jan 24, 2018 13:30 pm UTC| Technicals

GBP/JPY has shown a massive recovery after hitting low of 154.11 .The pair jumped sharply and broken psychological resistance at 155. It has jumped till 155.10 and is currently trading around 155.14. GBP was trading...

FxWirePro: GBP/CHF Trade Idea

Jan 24, 2018 13:05 pm UTC| Technicals

Chart pattern- Triple top. Major resistance- 1.3470. GBP/CHF has jumped almost 325 pips from the minor bottom at 1.3135 formed on Dec 29th 2017. The pair formed almost triple top around 1.3470 and started to...

FxWirePro: Ripple buy opportunity above 1.45

Jan 24, 2018 12:39 pm UTC| Technicals

XRP/USD formed triple bottom at 0.87 and shown a minor recovery till 1.74. The pair started to decline from that level. It is currently trading around 1.38900. Ripple hits high of 1.44653 yesterday and is...

FxWirePro: Can EUR/CHF bulls test rising channel support? Major uptrend on track of hitting 3Y-highs – Boundary binaries to trade and uphold long hedge

Jan 24, 2018 11:59 am UTC| Technicals

EURCHF minor trend has been spiking through rising channel which is bullish in nature, but for now, traders are sensing more selling sentiments as the current prices have slid below 7DMAs with support from momentum...

FxWirePro: NZD/CAD struggles at 200-DMA, break above required for further upside

Jan 24, 2018 11:29 am UTC| Technicals

NZD/CAD struggles at 200-DMA at 0.9137, break above to see further upside. The pair has edged lower from fresh 5-month highs at 0.9173 and is currently trading at 0.9138 levels. We see major upside only on...

FxWirePro: EURUSD hits 3- year high, good to buy on dips

Jan 24, 2018 11:09 am UTC| Technicals

Major resistance 1.2325. EUR/USD has shown a good recovery after a minor consolidation between 1.2323 and 1.26150 for the past one week. It has broken previous high of 1.2325 and hits 3- year high at 1.23554 at the...

FxWirePro: USD/CAD trades lower on positive NAFTA talks, good to sell on rallies

Jan 24, 2018 11:05 am UTC| Technicals

USD/CAD has declined sharply after recovering till 1.250. The pair broken major support of 1.23550 on Jan 5th 2018 low and declined till 1.23478. It is currently trading around 1.23515. The good jump in Canadian...

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Technology

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