May 31, 2018 12:20 pm UTC| Technicals Digital Currency Insights & Views
Bitcoin cash (BCHUSD) has dipped below $1,200 levels. While the minor trend of this pair slides through sloping channel, where the hanging man pattern which is bearish in nature pops up at the stiff channel...

May 31, 2018 11:19 am UTC| Technicals
EUR/USD rebounded sharply yesterday almost 180 pips from the low of 1.15187. The pair hits 10 month low of 1.1510 on Tuesday on rising Italy Political uncertainty. Italys bond yield jumped sharply after President...

FxWirePro: EUR/NZD rejected at highs, euro unmoved post EZ inflation data
May 31, 2018 10:55 am UTC| Technicals
EUR/NZD recovery fails to gather momentum, pair rejected at highs at 1.6758. The pair is extending weakness after breach at channel base support, scope for further downside. Technical analysis supports bearish...

FxWirePro: USD/JPY rangebound below 5-DMA (109.06), awaits fresh impulse from US core PCE inflation
May 31, 2018 10:34 am UTC| Technicals
Demand for Yen eases as the political turmoil in Italy eased as parties push forward to try to form a government. Weaker US ADP report on private sector employment and a downward revision of the Q1 GDP growth figures...

FxWirePro: USD/CAD trades lower after more dovish comment for BOC, good to sell on rallies
May 31, 2018 10:09 am UTC| Technicals
Canadian dollar recorded biggest one day rally in two months after more dovish comment from BOC Governor Poloz yesterday. Bank of Canada has kept its interest rates unchanged at 1.25% yesterday. The central bank said that...

FxWirePro: EUR/JPY retakes 127 handle, stay long on break above 127.57 (3H 55-EMA)
May 31, 2018 08:37 am UTC| Technicals
Euro gains upside traction as markets await EZ CPI data due shortly. EUR/JPY has erased losses to edge higher from lows at 126.45 to currently trade at 127.56, up 0.45% on the day. Retake of 127 handle raises...

FxWirePro: Buy GBP/JPY above 145
May 31, 2018 08:12 am UTC| Technicals
GBP/JPY has halted its one week weakness and shown a minor recovery from the low of 143.20 (100- W MA). The pair lost almost 700 pips from the minor top formed at 150 on account of increasing geo political uncertainty...