GBPJPY- Go long only above 193.50 or sell below 191.70.
Sep 25, 2024 05:55 am UTC| Technicals
GBPJPY trades higher on strong pound sterling. It hit a high of 193.32 yesterday and is currently trading around 192.26. Intraday trend is bullish as long as support 191.75 holds. The pound sterling gained momentum...
FxWirePro- Woodies Pivot Point (Major pair)
Sep 25, 2024 05:28 am UTC| Technicals
Woodies Pivot Point (Major...
FxWirePro: USD/ CNY outlook weaker on renewed downside pressure
Sep 25, 2024 05:19 am UTC| Technicals
USD/ CNY hits fresh 16 -month low on Wednesday as Chinas yuan gained strength, fueled by investor optimism surrounding broad policy easing measures . The strength of the Chinese currency follows Beijings announcement of...
FxWirePro: NZD/ USD scale fresh highs, potential for further bullish continuation
Sep 25, 2024 04:58 am UTC| Technicals
NZD/JPY steadied on Wednesday as China stimulus supported risk-sensitive kiwi dollar. Chinas top financial regulators announced a series of measures, including a 50 basis point cut in bank reserves and reductions in...
FxWirePro: NZD/ USD scale fresh highs, potential for further bullish continuation
Sep 25, 2024 04:41 am UTC| Technicals
NZD/ USD scaled fresh peak on Wednesday as buoyant risk appetite and weaker dollar benefited kiwi dollar. Kiwi was also supported by a series of stimulus measures implemented by China, New Zealands largest trading...
FxWirePro- Nikkei 225 forms a bearish BAT pattern, good to sell on rallies
Sep 25, 2024 04:39 am UTC| Technicals
Harmonic pattern- Bearish BAT pattern Potential Reversal Zone (PRZ)- 39200 Nikkeipared some of its gains due to profit booking. It hits a low of 37660 yesterday and is currently trading around...
FxWirePro: AUD/USD reaches nineteen month high, buy on dips
Sep 25, 2024 04:18 am UTC| Technicals
AUD/ USD hit nineteen month high on Wednesday as Chinas aggressive stimulus package provided the latest shot in the arm for risk appetite. Chinas recent announcement of support measures, including significant rate...