
FxWirePro: GBP/JPY trades slightly above 200 -H MA, good to buy on dips
Jun 22, 2018 09:19 am UTC| Technicals
GBP/JPY has shown a nice recovery of almost more than 150 pips from yesterdays low of 144.59. The main reason for suddeen in GBP was due to slight hawkish comment by BOE. BOE has kept its interest rates unchanged but 3 MPC...

FxWirePro: AUD/USD retakes 0.74 handle, scope for upside on bullish divergence
Jun 22, 2018 09:06 am UTC| Technicals
AUD/USD trades 0.55% higher on the day, breaks above 5-DMA at 0.7392. The pair has bounced off strong trendline support on Thursdays trade. We evidence a Spinning Top formation at lows which raises scope for...

FxWirePro: AUD/USD retakes 0.74 handle, scope for upside on bullish divergence
Jun 22, 2018 09:06 am UTC| Technicals
AUD/USD trades 0.55% higher on the day, breaks above 5-DMA at 0.7392. The pair has bounced off strong trendline support on Thursdays trade. We evidence a Spinning Top formation at lows which raises scope for...

FxWirePro: EUR/CAD upside pauses shy of 100-DMA, break above eyes 61.8% Fib at 1.5688
Jun 22, 2018 07:28 am UTC| Technicals
EUR/CAD upside pauses shy of 100-DMA at 1.5528, break above to see further upside. Price action rages within the cloud and is extending gains above 200-DMA. The pair trades with a bullish momentum. RSI shows...

FxWirePro: Gold recovers slightly on weak US dollar, good to sell on rallies
Jun 22, 2018 07:18 am UTC| Technicals
Gold prices has shown a minor $10 jump from yesterdays low of $1261.14. The yellow metal has lost almost more than 3.5% from the minor top of $1283.50.The minor jump in gold was mainly due to short covering and slight...

FxWirePro: Indian rupee trades almost flat against U.S. dollar, faces strong support at 67.70 mark
Jun 22, 2018 06:19 am UTC| Technicals
USD/INR is currently trading around 67.72 marks. It made intraday high at 67.82 and low at 67.70 marks. Intraday bias remains neutral till the time pair holds key support at 67.70 mark. Key resistances are...

FxWirePro: Nikkei pares yesterday’s gain due to weak U.S market, good to buy on dips
Jun 22, 2018 06:13 am UTC| Technicals
Asian markets pared most of its gains from yesterday high as trade worries woes investor sentiment.US market has closed slightly weak on trade worries and slightly weak economic data. The Philadelphia fed reserve said that...