
FxWirePro: AUD/CAD capped below 50% Fib, momentum studies bullish, stay long
Jan 19, 2018 07:51 am UTC| Technicals
AUD/CAD grinds higher after breaking above 200-DMA at 0.9906, bias higher. Bank of Canada hiked rates by 25bp to 1.25% as expected, but seemed to be in no hurry to deliver another follow up anytime soon. Governor...

FxWirePro: XRPUSD faces strong trend line resistance at 1.75, break above targets 2.25
Jan 19, 2018 07:21 am UTC| Technicals
Major resistance 1.75 (trend line joining 3.06 and 2.78). The pair has formed a triple bottom at 0.87 and jumped sharply from that level. Intraday term trend is slightly bullish as long as major support 1.25 holds....

Jan 19, 2018 06:23 am UTC| Technicals
Bears resume in minor trend after the occurrence of shooting star at 0.7272 levels. But bulls seem to be attempting to disregard this bearish pattern (refer daily plotting). Well, for now, expect rallies to prolong upto...

Jan 19, 2018 06:04 am UTC| Technicals
Gold is consolidating in narrow range after hitting high of $1344. The yellow metal shown a minor jump yesterday from the low of $1324 on account of slight weakness in US. Dollar. US dollar index has shown a minor weakness...

Jan 19, 2018 05:33 am UTC| Technicals
AUD/JPY is trading in an extremely narrow range struggles to break above 89 handle. Aussie buoyed by upbeat China Q4 GDP data. China Q4 GDP y/y stayed flat at 6.8 % beating forecast at 6.7 %. AUD/JPY hit session...

FxWirePro: AUD/USD trades above 0.80 handle, on track to test 88.6% Fib at 0.8053
Jan 19, 2018 03:19 am UTC| Technicals
AUD/USD trades above 0.80 handle, is on track to close higher for 6th successive session. The major is extending break above 200W SMA and is on track to test 88.6% Fib at 0.8053. USD could remain well bid as the...

FxWirePro: Ripple forms triple bottom at 0.87, good to buy on dips
Jan 18, 2018 13:25 pm UTC| Technicals
Major resistance 1.6000 (200- 4H EMA). The pair has formed a triple bottom at 0.87 and jumped sharply from that level. Intraday term trend is slightly bullish as long as major support 1.25 holds. The major resistance...