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FxWirePro: GBP/CAD pauses at major trendline resistance at 1.7435, resumption of upside likely on break above

Jan 23, 2018 07:07 am UTC| Technicals

GBP/CAD is trading in an extremely narrow range, struggles to find catalyst for its next move. Upside in the pair remains capped at major trendline resistance at 1.7435. We see resumption of upside on break...

FxWirePro: GBP/JPY break major trend line resistance at 154.90, jump till 156 likely

Jan 23, 2018 07:02 am UTC| Technicals

Trend line breakout: 154.95 (trend line joining 151.93 and 153.41). GBP/JPY continuing its bullish trend for past three days after forming a minor bottom at 153.11.The pair is trading higher and broken 155...

FxWirePro: NZD/CHF capped at 61.8% Fib, breakout to see further upside

Jan 23, 2018 06:43 am UTC| Technicals

NZD/CHF spikes past 5-DMA to hit fresh highs for the week at 0.7066. Upside was capped at 61.8% Fib retrace of 0.72909 to 0.67066 fall at 0.7067. The pair has bounced off 20-DMA with a hammer formation which...

FxWirePro: EUR/JPY minor trend goes non-directional after shooting stars, bulls intensified in major uptrend after retracing 61.8% Fibos

Jan 23, 2018 06:33 am UTC| Technicals

EURJPY trend has been oscillating between the tight range of upside bracket at 136.168 and downside bracket at 135.171 levels (refer 4H chart). At every range resistance, shooting star pattern candles have occurred....

FxWirePro: USD/INR hovers around key support at 63.72 mark, consistent close below targets 63.28 mark

Jan 23, 2018 06:31 am UTC| Technicals

USD/INR is currently trading around 63.74 marks. It made intraday high at 63.87 and low at 63.72 marks. Intraday bias remains bearish till the time pair holds key resistance at 63.96 mark. Key resistances...

FxWirePro: NZD/CAD tests 200-DMA resistance at 0.9138, good to go long on decisive break above

Jan 23, 2018 06:15 am UTC| Technicals

NZD/CAD is testing 200-DMA resistance at 0.9138, bias higher. The pair has hit highs of 0.9147 before paring gains to currently hover at 0.9130 levels. We see major upside only on breakout at 200-DMA. Scope then...

FxWirePro: Gold trades higher on weak US dollar, good to buy on dips

Jan 23, 2018 06:15 am UTC| Technicals

Gold is consolidating in narrow range after hitting high of $1344. The yellow metal is trading in narrow range between $1344 and $1324. US dollar index has been trading flat as US shutdown ends as congress strikes deal....

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Technology

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