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FxWirePro: AUD/NZD fails to extend bullish gap open, trades range-bound below 61.8% Fib

Feb 19, 2018 07:13 am UTC| Technicals

AUD/NZD opened with a bullish gap, but the major has failed to build on to gains. Price is trading in an extremely narrow range, with a days high at 1.0718 and a low of 1.0702. Upside is capped at 61.8% Fib...

FxWirePro: Gold trades weak on dollar recovery, good to sell on rallies

Feb 19, 2018 07:05 am UTC| Technicals

Gold has declined almost more than $15 on Friday and strong dollar recovery. The yellow metal hits low of $1344 on Friday. US dollar has jumped almost 100 pips from the low of 88.25. It is current trading around...

FxWirePro: USD/JPY slides below range, breach of 38.2% Fibos more imminent than hammer formation – Boundary binaries to trade and short hedge

Feb 19, 2018 06:47 am UTC| Technicals

Chart pattern: USDJPY price slumps constantly remained well below DMAs despite todays rallies. Hammer pattern has occurred at 106.272 levels that have shown mild upswings today. Can bearish rout shrug-off hammer...

FxWirePro: AUD/CAD extends break above 20-DMA, eyes major trendline resistance at 1.00

Feb 19, 2018 06:43 am UTC| Technicals

AUD/CAD is extending break above 20-DMA, we see scope for further upside. The pair is trading in a Rising Triangle pattern and finds stiff resistance at 1.00 (triangle top). Technical studies are bullish....

FxWirePro: Buy DAX30 on dips

Feb 19, 2018 05:24 am UTC| Technicals

DAX index has closed slightly on the higher side on Friday more than 1% up. US markets was trading higher and SP500 post biggest weekly gain since 2013. The main reason for rebound in US market was due to strengthening of...

FxWirePro: NZD/JPY capped below daily cloud, bias lower, stay short

Feb 19, 2018 05:10 am UTC| Technicals

NZD/JPY closed the bearish gap and edged higher to session highs at 78.68. Daily Ichimoku cloud weighs heavily on the upside, we see major resistance by cloud base at 78.70. Momentum studies are still bearish,...

FxWirePro: USD/JPY trades in narrow range, finds stiff resistance at 1H 55-EMA at 106.42

Feb 19, 2018 04:27 am UTC| Technicals

USD/JPY bears remain in control, the pair is trading in a narrow range as we enter the week. We saw an intraday high of 106.36 and a low of 106.06 in the Asian session today. The dollar found some traction on...

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