FxWirePro: South Korean won falls gradually against euro, faces strong resistance at 1,349 mark
Aug 22, 2017 01:37 am UTC| Technicals
EUR/KRW is currently trading around 1,340 mark. Pair made intraday high at 1,343 and low at 1,340 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 1,344 mark. A...
FxWirePro: USD/JPY outlook weaker on renewed downside pressure
Aug 21, 2017 13:52 pm UTC| Technicals
USD/JPY declined on Monday as tensions over North Korea fuelled safe-haven demand, while doubts about U.S. President Donald Trumps ability to enact pro-business policies weakened the dollar. Investors braced for North...
FxWirePro: GBP/USD Daily Outlook
Aug 21, 2017 13:05 pm UTC| Technicals
GBP/USD has recovered sharply after showing a minor decline e below 61.8% fibo. The pair has declined till 1.28315 and is currently trading around 1.29142. On the higher side, 1.2978 (21- day EMA) will be acting major...
Aug 21, 2017 12:57 pm UTC| Technicals
GBPJPY broken major support at 141.26 previous week low and started to decline from that level. The pair has close well below that level in the weekly chart. It is currently trading around 140.39. Short term trend is...
FxWirePro: USD/CAD trades lower on higher oil prices, good to sell on rallies
Aug 21, 2017 12:50 pm UTC| Technicals
USD/CAD is trading lower and intraday bias is weak as long as resistance 1.26910 holds. Lonnie has declined sharply on account of stronger crude oil prices. The pair formed a minor bottom around 1.2650 and is currently...
FxWirePro: EUR/NZD capped below 5-DMA, bias bearish, stay short
Aug 21, 2017 11:33 am UTC| Technicals
EUR/NZD trades a narrow range, capped below 5-DMA at 1.6112. The common currency under pressure in light of last weeks ECB minutes. Markets also remain wary ahead of the Jackson Hole Symposium. ECB minutes showed...
FxWirePro: EUR/CAD holds 50-DMA support at 1.4769, good to go short on break below
Aug 21, 2017 10:34 am UTC| Technicals
EUR/CAD price action contained within daily cloud, intraday bias bearish. The pair is extending decline after rejection at major trendline resistance. Currently the pair is holding major support at 1.4769 (50...
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