FxWirePro: EUR/USD consolidates in narrow range ahead of ECB, good to sell on rallies
Sep 05, 2017 10:07 am UTC| Technicals
EUR/USD declined once again after showing a minor jump till 1.19221 yesterday. The pair is waiting for ECB meeting which is to be held on Sep 7th for further direction. It is currently trading around 1.18795. On the...
FxWirePro: USD/CAD downside capped by 55- M EMA, good to buy on dips
Sep 05, 2017 09:25 am UTC| Technicals
USD/CAD has formed a minor bottom around 1.23405 and jumped slightly from that level. The pair has jumped till 1.24261 and is currently trading around 1.23965. US crude oil shown a minor jump from low of $46.56 till...
FxWirePro: EUR/AUD holds above 50-DMA at 1.4860, good to go short on break below
Sep 05, 2017 09:07 am UTC| Technicals
EUR/AUD down 0.37% on the day, holds above 50-DMA support at 1.4860. We see weakness on break below, scope then for test of rising trendline at 1.4690. Technical studies are bearish, Stochs are biased lower, RSI...
FxWirePro: USD/ZAR exhibits range bound movement, South Africa’s GDP data in focus
Sep 05, 2017 07:56 am UTC| Technicals
USD/ZAR is currently trading around 12.94 levels. It made intraday high at 12.97 and low at 12.91 levels. Intraday bias remains neutral for the moment. A daily close above 12.96 will take the parity...
FxWirePro: EUR/CAD finds major support at 1.47, good to go short on break below
Sep 05, 2017 07:27 am UTC| Technicals
EUR/CAD is trading in a narrow range as markets await EZ PMI and retail sales data. The pair finds major trendline support at 1.47, break below to see further downside. The pair has closed below 50-DMA in last...
FxWirePro: Silver rises gradually against U.S. dollar, stay bullish only above $17.92 mark
Sep 05, 2017 06:48 am UTC| Technicals
XAG/USD is currently trading around $17.85 marks. It made intraday high at $17.89 and low at $17.65 levels. Intraday bias remains bullish till the time pair holds key support at $17.65 mark. A daily close...
GBP/JPY breaks major support at 141.40, decline till 139.30 likely
Sep 05, 2017 06:43 am UTC| Technicals
GBP/JPY declined sharply and has broken major support 141.55 low made on Aug 31st 2017 after hitting high of 142.99 and any further bullishness can be seen only above 143.20. The JPY trades higher against all major pair...
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