
FxWirePro: CAD/JPY trades well above trend line resistance, jump till 90 likely
Feb 01, 2018 09:47 am UTC| Technicals
Major trend line resistance 88.65 (trend line joining 89.63 and 89.23). CAD/JPY has shown a good recovery after forming a bottom at 87.79 on Jan 30th 2018. It has broken major trend line support of 88.65 and jumped...

FxWirePro: CAD/JPY trades well above trend line resistance, jump till 90 likely
Feb 01, 2018 09:47 am UTC| Technicals
Major trend line resistance 88.65 (trend line joining 89.63 and 89.23). CAD/JPY has shown a good recovery after forming a bottom at 87.79 on Jan 30th 2018. It has broken major trend line support of 88.65 and jumped...

FxWirePro: BTC/EUR capped below 5-DMA, good to go short on break below 7790
Feb 01, 2018 09:28 am UTC| Technicals Digital Currency
BTC/EUR extends range trade, capped below 5-DMA which is strong resistance at 8505. The pair finds major support at rising trendline currently at 7790, break below to see further weakness. Technical studies are...

FxWirePro: GBP/JPY breaks major resistance at 155.85, target 158
Feb 01, 2018 08:49 am UTC| Technicals
GBP/JPY has shown a huge jump after forming a bottom at 151.97 on Jan 30th 2018. The pair recovered sharply almost more than 300 pips. It is currently trading around 156.14. Intraday trend is bearish as long as...

FxWirePro: XAG/USD remains well supported below $17.40 mark, bias remains bearish
Feb 01, 2018 08:47 am UTC| Technicals
XAG/USD is currently trading around $17.23 marks. It made intraday high at $17.37 and low at $17.18 levels. Intraday bias remains bearish till the time pair holds key resistance at $17.37 mark. A daily close...

FxWirePro: "Bullish Bat" pattern formed on USD/JPY, good to go long on dips
Feb 01, 2018 08:21 am UTC| Technicals
USD/JPY has completed a Bullish Bat pattern, scope for further upside seen. US dollar strengthened post FOMC meeting. Fed said they expect economic conditions to evolve in a manner that will warrant further rate...

FxWirePro: USD/ZAR trades in rigid boundaries, bias remains neutral
Feb 01, 2018 07:26 am UTC| Technicals
USD/ZAR is currently trading around 11.88 levels. It made intraday high at 11.90 and low at 11.82 levels. Intraday bias remains neutral for the movement. A daily close above 11.95 will take the parity...