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FxWirePro: Cloud caps upside in GBP/AUD, further gains only on break above

Sep 13, 2017 10:27 am UTC| Technicals

GBP/AUD broke out of downward sloping channel at 1.6465 on Tuesdays trade. The pair is currently struggling to get past stiff resistance by daily cloud at 1.6608. Price was rejected at cloud base, the major has...

FxWirePro: GBP/CHF minor trend spikes in sky-rocketed pace but major trend still stuck in range bounded trend – Buzzing yields in tunnel spreads

Sep 13, 2017 10:22 am UTC| Technicals

Ever since the hammer pattern has occurred at 1.2339 levels, the bullish pattern has managed to clear the major resistances. The current prices remain well above DMAs despite the price dips for the day. The minor trend...

FxWirePro: EUR/USD upside capped by 1.2000 level, good to sell on rallies

Sep 13, 2017 10:05 am UTC| Technicals

EUR/USD has shown a minor recovery after hitting low of 1.19263 yesterday. The pair formed a temporary top around 1.20920 33- month high on Aug 8th 2017. It is currently trading around 1.19691. The pair upside capped...

FxWirePro: AUD/JPY extends break above daily cloud, trendline resistance at 89.90 in sight, stay long

Sep 13, 2017 09:31 am UTC| Technicals

AUD/JPY extends breaks above daily Ichimoku cloud, hits new 6-week highs at 88.48. Technical studies are bullish, we see scope for further upside. RSI above 50, biased higher. Stochs are in overbought zone so...

FxWirePro: GBP/USD trades lower on static wage growth, good to sell on rallies

Sep 13, 2017 09:29 am UTC| Technicals

Cable has shown huge jump after breaking major resistance 1.32680 yesterday and hits fresh year high at 1.33250. The pair has pared some of its gain after weaker than expected UK jobs data. UK wage growth in Jul y-y...

FxWirePro: USD/CHF upside capped by trend line resistance, good to buy on dips

Sep 13, 2017 08:55 am UTC| Technicals

USD/CHF has rallied till 0.96182 yesterday and has shown a minor selling from that level. The pair is currently trading around 0.95926. The decline from 1.0340 will come to an end only if it breaks above 0.97730...

FxWirePro: Silver rises gradually against U.S. dollar, stay bullish

Sep 13, 2017 08:49 am UTC| Technicals

XAG/USD is currently trading around $17.92 marks. It made intraday high at $17.95 and low at $17.82 levels. Intraday bias remains bullish till the time pair holds key support at $17.70 mark. A daily close...

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