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FxWirePro: EURUSD intraday trade idea

Mar 23, 2017 09:59 am UTC| Technicals

Major intraday support -1.07900 (trend line joining 1.06070 and 1.07189). Major resistance 1.08300 The pair has declined slightly after jumping till 1.08245 and is currently trading around 1.07789. EUR/USD...

FxWirPro: DAX30 forms Bullish Cypher pattern, good to buy on dips

Mar 23, 2017 09:25 am UTC| Technicals

Harmonic pattern formed Bullish Cypher pattern Potential reversal Zone (PRZ) - 11719. DAX30 forms potential cypher pattern in the four hour chart. The index has shown a slight decline after showing a jump till...

FxWirePro: EUR/JPY recovery rejected at session highs, bias lower, stay short

Mar 23, 2017 07:52 am UTC| Technicals

EUR/JPY extends downside after break below 100-DMA on Wednesdays trade. Technical studies remain highly bearish, we see scope for further downside. Recovery attempts in the pair from fresh monthly lows at 119.68...

FxWirePro: EUR/GBP extends gradual grind lower along 5-DMA, bias lower, stay short

Mar 23, 2017 07:19 am UTC| Technicals

EUR/GBP is extending a gradual grind lower along 5-DMA, bias remains lower. The pair is on track to test 100-DMA at 0.8573 and finds next major support by daily cloud at 0.86 level. GBP spiked after UK inflation...

FxWirePro: AUD/CAD breaks major trendline support at 1.0225, good to short rallies

Mar 23, 2017 06:59 am UTC| Technicals

AUD/CAD is extending declines for 3rd consecutive session, has broken major trendline support at 1.0225, intraday bias lower. The pair is currently holding above 20-DMA at 1.0189, weakness likely on break...

FxWirePro: USD/CNY remains well supported above 6.87 mark, PBOC sets yuan mid-point at 6.8856

Mar 23, 2017 06:58 am UTC| Technicals

USD/CNY is currently trading around 6.8859 marks. It made intraday high at 6.8930 and low at 6.8777 levels. Intraday bias remains bullish till the time pair holds key support at 6.8750 mark. A sustained...

FxWirePro: AUD/CHF breaks trend line support, decline till 0.7480 likely

Mar 23, 2017 06:53 am UTC| Technicals

Major support 0.7600 (trend line joining 0.74791 and 0.75738). Major intra day resistance 0.7660 (100- 4H EMA). AUD/CHF broken major support of 0.7600 and declined till 0.75850 yesterday. It is currently...

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Economy

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

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Technology

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