FxWirePro: Silver falls in early hours of Asia, faces strong resistance at $17.22 mark
Aug 18, 2017 01:43 am UTC| Technicals
XAG/USD is currently trading around $16.93 marks. It made intraday high at $17.05 and low at $16.88 levels. Intraday bias remains bearish till the time pair holds key resistance at $17.22 mark. A daily close...
FxWirePro: EUR/KRW rejects key support at 1,330 mark, bias remains bullish
Aug 18, 2017 01:15 am UTC| Technicals
EUR/KRW is currently trading around 1,338 mark. Pair made intraday high at 1,340 and low at 1,334 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,325 mark. A...
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Aug 17, 2017 15:13 pm UTC| Technicals
USD/JPY declined on Wednesday as the dollar slipped after Federal Reserve minutes showed policymakers increasing wary over soft inflation that could delay the timing for another U.S. rate hike this year. The dollar...
FxWirePro: GBP/AUD breaks major trendline support at 1.6360, bias lower, stay short for 1.6040
Aug 17, 2017 12:59 pm UTC| Technicals
Release of UK retail sales data, showing a monthly growth of 0.3% (vs. 0.2% expected), did little to provide any fresh boost to the British Pound. GBP/AUD breaks major trendline support at 1.6360, is currently trading...
Aug 17, 2017 10:18 am UTC| Technicals
EURUSD Trade Idea EUR/USD has jumped sharply yesterday from the low of 1.16810 after Fed minutes meeting. Fed spilt over path of rate hikes on low inflation concerns. The pair jumped till 1.17898 at the time of...
FxWirePro: Cloud caps upside in EUR/CAD, good to go short on break below 1.4776
Aug 17, 2017 08:31 am UTC| Technicals
Cloud caps upside in EUR/CAD, technical studies bearish. After struggling at major trendline resistance on mutliple sessions, the pair has slipped lower to break daily cloud. The pair finds major support at...
FxWirePro: EUR/AUD breaks below 50-DMA at 1.4816, good to go short on rallies
Aug 17, 2017 07:48 am UTC| Technicals
EUR/AUD was rejected at major trendline resistance at 1.5025, is extending downside for 2nd successive session. The pair has broken below 50-DMA at 1.4816 and price action has fallen below daily cloud. Technical...
AIs encode language like brains do − opening a window on human conversations