
Mar 29, 2018 12:00 pm UTC| Technicals
Chart and candlestick patterns: Frequent occurrence of bearish patterns, such as spinning top, long-legged doji and shooting star candlesticks pop up at 1.2891, 1.2920 and 1.2916 levels. These bearish patterns occur at...

FxWirePro: EUR/GBP retraces dip below 5-DMA, eyes 20-DMA at 0.8823
Mar 29, 2018 11:59 am UTC| Technicals
The pound sterling extends weakness on the day as final revision of UK GDP fails to provide any additional boost. The final revision of UK GDP, showed Q4 2017 economic growth matched original estimates and stood at...

FxWirePro: USD/CAD trades higher, market eyes Canada GDP
Mar 29, 2018 11:37 am UTC| Technicals
USD/CAD has regained slightly yesterday almost more than 60 pips. The pair hits high of 1.29308 yesterday and shown a minor decline from that level. The good jump in loonie was due to slightly better than expected US final...

FxWirePro: NZD/CAD hovers around channel base at 0.9295, good to go short on break below
Mar 29, 2018 11:32 am UTC| Technicals
NZD/CAD slips lower for 3rd straight session, bias bearish. The pair hovers around channel base at 0.9295, decisive break below will accentuate weakness. Technical indicators on intraday charts are bearish....

FxWirePro: EUR/USD faces strong support at 1.2300, break below targets 1.22395
Mar 29, 2018 10:47 am UTC| Technicals
EUR/USD is trading weak for the third consecutive days and declined almost 175 pips from the top made on Mar 27th 2018. US dollar recovered sharply and market eyes US PECE index data which is to be released today for...

FxWirePro: AUD/CAD holds 200-DMA support, weakness only on break below
Mar 29, 2018 10:38 am UTC| Technicals
AUD/CAD is trading at 0.99 levels, largely unchanged on the day after hitting days high at 0.9918 and low at 0.9881. The pair has held strong support at 200-DMA at 0.9871 and we see weakness only on break...

FxWirePro: USD/CHF faces strong resistance at 0.9580, break above targets 0.9660
Mar 29, 2018 09:46 am UTC| Technicals
USD/CHF has been trading on the higher side in todays European session. The pair hits intraday low of 0.95530 and shown a good recovery on easing US-China trade war. The increase in risk appetite has dragged the prices of...