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FxWirePro: USD/JPY finds major support at 109.40, good to go short on break below

Aug 09, 2017 11:21 am UTC| Technicals

USD/JPY trades 0.44% lower on the day, breaks below 110 handle, bias lower. Price action is below daily cloud and major moving averages. We see major support at 109.40 (channel base). Break below required for...

FxWirePro: EUR/CAD slips below 5-DMA, bullish divergence keeps scope for upside

Aug 09, 2017 09:56 am UTC| Technicals

EUR/CAD pauses upside after hitting 9-week highs at 1.4994 on Tuesday. The pair has bounced off weekly 200-SMA and is on track to test trendline resistance at 1.5260. Technical studies are bullish, we note...

FxWirePro: EUR/CAD slips below 5-DMA, bullish divergence keeps scope for upside

Aug 09, 2017 09:56 am UTC| Technicals

EUR/CAD pauses upside after hitting 9-week highs at 1.4994 on Tuesday. The pair has bounced off weekly 200-SMA and is on track to test trendline resistance at 1.5260. Technical studies are bullish, we note...

FxWirePro: Greenback rallied against Euro on strong US JOLTS data, good to sell on rallies

Aug 09, 2017 09:36 am UTC| Technicals

EURUSD has broken major psychological support 1.1800 and declined slightly below 1.17200. It is currently trading around 1.17480. The greenback shown a good bounce yesterday after better than expected JOLTS data. The...

FxWirePro: AUD/CHF slumps massive 1.40 pct on the day, CHF spikes on risk-off

Aug 09, 2017 09:19 am UTC| Technicals

AUD/CHF has slumped a massive 1.40% on the day to hit fresh 2-week lows at 0.7568. The Swiss franc was the top performer on the day, as markets spooked amidst intensifying tensions between US and North...

FxWirePro: AUD/JPY on track to test 50-DMA at 86, stay short

Aug 09, 2017 08:45 am UTC| Technicals

AUD/JPY is hovering around 38.2% Fib at 86.39, bias lower. We see scope for test of 86 levels (50-DMA). Violation there could see drag upto 84.87 (converged 200-DMA and cloud top). The pair is extending downside...

FxWirePro: South African rand erases previous gain against U.S. dollar, bias remains bullish

Aug 09, 2017 08:11 am UTC| Technicals

USD/ZAR is currently trading around 13.43 levels. It made intraday high at 13.45 and low at 13.34 levels. Intraday bias remains bullish till the time pair holds key support at 13.20 mark. A daily close...

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Technology

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