
FxWirePro: EUR/GBP finds stiff resistance at 0.8888, good to go short on close below 5-DMA at 0.8867
Dec 26, 2017 06:54 am UTC| Technicals
EUR/GBP is trading in a narrow range amid holiday thinned trading. The pair hovers around major trendline resistance at 0.8888, upside only on break above. Technical studies are inconclusive, RSI flat lined, MACD...

FxWirePro: CAD/JPY downside capped by 50 –day MA, good to buy on dips
Dec 26, 2017 06:41 am UTC| Technicals
CAD/JPY has jumped sharply till 89.33 after breaking trend line resistance at 88.65roken trend line resistance at 88.67 and jumped till 89.33. The main reason for jump in Canadian dollar against all majors was due to...

FxWirePro: EUR/JPY struggles at 61.8% Fib retrace at 134.28, good to go long on decisive break above
Dec 26, 2017 06:17 am UTC| Technicals
EUR/JPY is struggling to extend break above 61.8% Fib retrace of 109.205 to 149.787 rally at 134.28. Price action continues range trade for with Bearish Bat pattern keeping scope for downside. Bearish divergence...

Dec 26, 2017 06:06 am UTC| Technicals
Shooting stars are formed at 1.1074 and 1.1062 levels consecutively (refer daily plotting), the downswings are backed by both leading lagging oscillators on this timeframe. For now, AUDNZD forms shooting star again at...

FxWirePro: Gold trades higher on weak US dollar, good to buy on dips
Dec 26, 2017 05:41 am UTC| Technicals
Gold recovers sharply in the previous week from the low of $1252. The yellow metal jumped almost $24 in the previous week. The main reason for jump is due to weakness of US dollar. US dollar shown a minor weakness after...

FxWirePro: AUD/CHF extends bullish gap open, hovers around major trendline resistance at 0.7635
Dec 26, 2017 05:29 am UTC| Technicals
AUD/CHF has opened trade with a bullish gap up in the Asian session as markets open after holidays. The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside. Technical...

FxWirePro: AUD/USD consolidates break above 200-DMA at 0.7692, bias higher, stay long
Dec 26, 2017 04:35 am UTC| Technicals
AUD/USD has shown a decisive break above 200-DMA at 0.7692, bias higher. Technical studies are positive, we now see scope for test of 100-DMA at 0.7781. Price action has pierced into daily cloud and momentum...