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USDCHF faces strong support at 1.000, any break below targets 0.9900

May 11, 2018 11:06 am UTC| Technicals

Major resistance 1.0060 USDCHF has formed almost a double top at 1.00560 and started to consolidate within narrow range. Any convincing break below 1.000 confirms minor weakness and a dip till 0.9900 is...

FxWirePro: Cable forms 3-black crows, consolidation phase breaks below channel support and on verge of 4m lows – Trade and short hedge via delta puts

May 11, 2018 10:54 am UTC| Technicals

Cable forms 3-black crows which is bearish in nature on weekly plotting. While spinning top and long-legged doji patterns restrain todays rallies below DMAs, bears have managed to breach below channel support on 20th April...

FxWirePro: Stay long AUD/CHF on breakout at 200-DMA and major trendline resistance

May 11, 2018 10:03 am UTC| Technicals

AUD/CHF is trading 0.10% higher on the day at 0.7559 at the time of writing. The pair has shown a decisive breakout above 200-DMA, we see scope for further upside. Technical indicators are biased higher. Momentum...

FxWirePro: CAD/JPY Buy on dips

May 11, 2018 08:36 am UTC| Technicals

CAD/JPY has halted its bullishness after hitting high of 86.06 yesterday. The pair jumped almost more than 200 pips from this week low of 83.89. The yen was trading slightly higher against all majors on account geo...

FxWirePro: AUD/NZD finds major resistance at 1.0830, good to go long on break above

May 11, 2018 08:19 am UTC| Technicals

AUD/NZD consolidates previous sessions spike, hits fresh 3-month highs at 1.0829. The pair finds major trendline resistance at 1.0830, break above to see further upside. Aussie subdued slightly after decline in...

FxWirePro: AUD/USD breach below falling wedge and rising channel supports, hammer pattern counters – Trade boundary binaries and short hedge

May 11, 2018 07:33 am UTC| Technicals Insights & Views

AUDUSD shooting star and gravestone doji appear at wedge resistance that evidence considerable price slumps (on daily plotting), as a result, it has broken below wedge baseline that acted as strong support so far. On...

FxWirePro: GBP/CAD extends weakness below 38.2% Fib, eyes 200-DMA at 1.7124, stay short

May 11, 2018 07:13 am UTC| Technicals

GBP/CAD is extending weakness after break below 38.2% Fib, bias lower. The pair trades with a bearish bias. We see scope for test of 200-DMA at 1.7124. Momentum studies bearish, Stochs deep in oversold zone. We...

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Economy

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Science

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Technology

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