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Tag Archives: #technical_analysis

FxWirePro: EUR/USD bears resume ensuring major range bounded trend remains intact – stay short hedge for short run and long hedge for long term

  It has been struggling momentum for the streaks of consecutive rallies of last 4 months. On 4H charts, we don’t encourage longs despite current minor upswings. Instead, we are slightly bearish bias due to following technical indications. Upswings were rejected below stiff resistance at 1.1434 levels, current prices slid …

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FxWirePro: NZD/USD recovery fails shy of 0.73 handle, break below 20-dma at 0.7258 could see weakness

  NZD/USD recovery attempts fail shy of 0.73 handle, pair slips lower to currently trade at 0.7285. NZ Global dairy prices continued to moderate, slip for second straight auction. GDT Price Index dipped 0.4 percent, with an average selling price of $3,303 per tonne. Upside in the pair capped at …

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FxWirePro: xag/usd fails to fall below $16.00, short term trend reversal likely

  XAG/USD is currently trading around $16.13 marks. It made intraday high at $16.20 and low at $16.02 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.32 mark. A daily close above $16.05 will test key resistances at $16.22/$16.32/$16.40/$16.58/$16.72/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68/$17.72/$17.98/$18.24 marks respectively. On the other side, …

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FxWirePro: bullish DMA crossover intensifies WTI Crude bull swings but restrained at stiff resistance, major trend seems fragile as bears break below triangle base

  Interim bearish swings in consolidation phase are coupled with both leading and lagging oscillators. Amid the mild downswings for the day, bulls are on the verge of hitting 4-weeks highs. Bulls manage to break-out major resistances at 45.33 levels, consequently, expect more rallies on bullish DMA crossover, both leading …

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Americas roundup: Dollar rebounds on higher U.S. yields, upbeat factory data, Gold hits 7-week low, Oil rises more than 2 pct as U.S. Crude output slows, friday’s U.S. jobs report in focus-july 4th, 2017

Market Roundup • US Markit Mfg PMI Final Jul 52.0, 52.1 previous. • US Construction Spending MM May 0.0% vs 0.3% forecast, -0.7% previous. • US ISM Manufacturing PMI Jun 57.8 vs 55.2 forecast, 54.9 previous. • US ISM Manufacturing Employment Index Jun 57.2 vs 53.3 forecast, 53.5 previous. • …

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FxWirePro: AUD/USD subdued on dismal australia’s housing data, break below 5-dma could see further drag

  AUD/USD dented after dismal housing data released in Australia earlier in he Asian session. Australia building permits in May tanked 5.6% m/m, widely missing expectations at -1.3%. The pair failed to benefit much from solid China Caixin PMI data, intraday bias lower. China Caixin Manufacturing PMI came in at …

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