FxWirePro:USD/CAD trades lower on strong oil price, good to sell on rallies
Aug 24, 2017 09:10 am UTC| Technicals
Major resistance 1.26100 The pair has declined slightly after hitting high of 1.25980 yesterday on account of steady crude oil prices and positive economic data. Short term trend is still as long as resistance...
Aug 24, 2017 08:55 am UTC| Technicals
Gold price behavior has often shown tides and troughs as and when it hits strong support and resistances at 1215 and 1295 levels respectively. Evidently, double top formation with top 1 at 1295.46 and top 2 at 1296.06 ...
FxWirePro: USD/JPY holds above channel base, scope for upside on bullish Stochs divergence
Aug 24, 2017 08:48 am UTC| Technicals
USD/JPY is extending consolidation along strong support by channel base at 108.72. Only a decisive break below will see further weakness in the pair. Successive Doji formation on weekly charts along with bullish...
FxWirePro: XAG/USD rejects key resistance at $17.08 mark, bias remains slightly bearish
Aug 24, 2017 08:16 am UTC| Technicals
XAG/USD is currently trading around $16.97 marks. It made intraday high at $17.08 and low at $16.94 levels. Intraday bias remains slightly bearish for the moment. A daily close above $17.08 will test key...
FxWirePro: Spinning top formation on AUD/NZD, close below 5-DMA could see minor weakness
Aug 24, 2017 07:35 am UTC| Technicals
AUD/NZD is trading largely unchanged on the day, after hitting 5-month highs at 1.0958 on Wednesdays trade. Bias on weekly charts is highly bullish, but Spinning-top formation on daily charts raises scope for some...
FxWirePro: Chinese yuan trades flat against U.S. dollar, PBOC sets yuan mid-point at 6.6525
Aug 24, 2017 07:03 am UTC| Technicals
USD/CNY is currently trading around 6.6631 marks. It made intraday high at 6.6637 and low at 6.6520 levels. Intraday bias remains bullish till the time pair holds key support at 6.6459 mark. A sustained...
FxWirePro: GBP/AUD capped below 5-DMA in falling channel, eyes 1.6040, stay short
Aug 24, 2017 06:19 am UTC| Technicals
GBP/AUD extends downside in falling channel, on track to test 1.6040 levels (trendline support). The pound remains under pressure amid renewed UK political concerns surrounding the Brexit issue. The second...
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