
FxWirePro: GBP/USD breaks minor trend line support, dip till 1.3430 likely
Jan 09, 2018 11:03 am UTC| Technicals
Cable has shown a minor selling after hitting high of 1.3585 made yesterday. The main reason for decline happened after reshuffle in UK government. The pair declined almost 75 pips for the intraday. It is currently trading...

FxWirePro: EUR/NZD breaks 100-DMA support at 1.6756, good to short rallies
Jan 09, 2018 10:47 am UTC| Technicals
EUR/NZD has broken below 100-DMA support at 1.6756, intraday bias lower. The pair is trading with a bearish bias, technical studies support further downside. Price action has dipped below daily Ichi cloud and...

Jan 09, 2018 09:51 am UTC| Technicals Insights & Views
Hanging man, shooting star long-legged doji have occurred at 88.963, 88.841 and 88.964 levels respectively to plummet prices below SMAs, more slumps on cards upon bearish SMA crossover (7SMA crosses below 21SMA), both...

Jan 09, 2018 09:51 am UTC| Technicals Insights & Views
Hanging man, shooting star long-legged doji have occurred at 88.963, 88.841 and 88.964 levels respectively to plummet prices below SMAs, more slumps on cards upon bearish SMA crossover (7SMA crosses below 21SMA), both...
FxWirePro: EUR/AUD holds 100-DMA support at 1.5211, good to short break below
Jan 09, 2018 08:45 am UTC| Technicals
EUR/AUD has broken major trendline support at 1.5315 and is extending downside for 3rd straight session. An unexpected surge in Australias building approvals supporting AUD bulls. Australias building consents...

FxWirePro: USD/CAD trades weak on BOC rate hike hopes, good to sell on rallies
Jan 09, 2018 08:42 am UTC| Technicals
CAD outperformed USD and enjoyed more than 150 pips rally in 2018. USD/CAD declined sharply after forming temporary top around 1.29202 on Dec 19th 2017. The main reason for the rally in Canadian dollar is due to better...

FxWirePro: USD/ZAR consolidates around 12.36 mark, bias remains neutral
Jan 09, 2018 08:30 am UTC| Technicals
USD/ZAR is currently trading around 12.41 levels. It made intraday high at 12.43 and low at 12.37 levels. Intraday bias remains neutral for the moment. A daily close above 12.45 will take the parity...