FxWirePro: EUR/USD runs out of steam, bearish in the short term
Feb 17, 2016 16:12 pm UTC| Technicals
The EUR/USD pair has declined towards lower levels on Wednesday as the US dollar gained strength across the board after local data showed building permits turned positive in January. The pair fell down to hit low at 1.1105...
FxWirePro: USD/CAD heads southwards as crude oil prices rebound
Feb 17, 2016 15:15 pm UTC| Technicals
Canadian dollar firmed against US dollar on Wednesday, after Canadian dollar gathered some momentum after crude oil price rebounded on hopes that major oil producing countries would seal an agreement on freezing production...
FxWirePro: Use ATM instruments in AUD/JPY PRBS for both hedging and speculation
Feb 17, 2016 11:51 am UTC| Technicals
As anticipated, the RBA board meeting for interest rate decision, has not bring in any change, that the board has decided to hold the cash rate steady at 2.0%. With the market probability of a move near to zero, that is a...
Feb 17, 2016 11:38 am UTC| Technicals
Harmonic Pattern - Bullish Shark pattern Potential Reversal Zone (PRZ) 1 -1.1115 (88.6% retracement) Potential Reversal Zone (PRZ) 2- 1.1050 (1.13% retracement) The pair has made a low of 1.1118 yesterday...
GBP/NZD consolidates below 2.19 marks, intraday bias remains neutral
Feb 17, 2016 11:16 am UTC| Technicals
Pair is currently trading at 2.1732 levels. It made intraday high at 2.1808 and low at 2.1635 levels. Since the beginning of the year, pair is consolidating in between 2.23 to 2.15 marks. Intraday bias remains...
US Oil breaks minor trend line resistance $29.10, targets 31.40
Feb 17, 2016 10:00 am UTC| Technicals
Minor resistance - $29.10 Minor support - $28.70 US Oil has broken minor trend line resistance $29.10 and jumped till $29.38. it is currently trading around $29.31. Intraday trend is slightly bullish as long as support...
Feb 17, 2016 09:42 am UTC| Technicals
Last week Yuan hit strongest level in 2016 at 6.4910 levels. Yuan erased its previous gain and supported around 6.5238 levels. It made intraday high at 6.5268 and low at 6.5130 levels. In addition, PBoC set...
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