FxWirePro: U.S Dollar index upside capped by 21- day EMA, good to buy on dips
Aug 09, 2017 12:01 pm UTC| Technicals
U.S dollar index has formed minor bottom around 92.55 and shown a minor jump from that level. It is currently trading around 93.60. The index broken minor resistance at 93.25 (10- day MA) and it has closed above that...
FxWirePro: USD/JPY finds major support at 109.40, good to go short on break below
Aug 09, 2017 11:21 am UTC| Technicals
USD/JPY trades 0.44% lower on the day, breaks below 110 handle, bias lower. Price action is below daily cloud and major moving averages. We see major support at 109.40 (channel base). Break below required for...
FxWirePro: EUR/CAD slips below 5-DMA, bullish divergence keeps scope for upside
Aug 09, 2017 09:56 am UTC| Technicals
EUR/CAD pauses upside after hitting 9-week highs at 1.4994 on Tuesday. The pair has bounced off weekly 200-SMA and is on track to test trendline resistance at 1.5260. Technical studies are bullish, we note...
FxWirePro: EUR/CAD slips below 5-DMA, bullish divergence keeps scope for upside
Aug 09, 2017 09:56 am UTC| Technicals
EUR/CAD pauses upside after hitting 9-week highs at 1.4994 on Tuesday. The pair has bounced off weekly 200-SMA and is on track to test trendline resistance at 1.5260. Technical studies are bullish, we note...
FxWirePro: Greenback rallied against Euro on strong US JOLTS data, good to sell on rallies
Aug 09, 2017 09:36 am UTC| Technicals
EURUSD has broken major psychological support 1.1800 and declined slightly below 1.17200. It is currently trading around 1.17480. The greenback shown a good bounce yesterday after better than expected JOLTS data. The...
FxWirePro: AUD/CHF slumps massive 1.40 pct on the day, CHF spikes on risk-off
Aug 09, 2017 09:19 am UTC| Technicals
AUD/CHF has slumped a massive 1.40% on the day to hit fresh 2-week lows at 0.7568. The Swiss franc was the top performer on the day, as markets spooked amidst intensifying tensions between US and North...
FxWirePro: AUD/JPY on track to test 50-DMA at 86, stay short
Aug 09, 2017 08:45 am UTC| Technicals
AUD/JPY is hovering around 38.2% Fib at 86.39, bias lower. We see scope for test of 86 levels (50-DMA). Violation there could see drag upto 84.87 (converged 200-DMA and cloud top). The pair is extending downside...
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