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Forex

AUD/CAD grinds higher in ‘rising channel’ pattern, watch out for channel breakout for further upside

AUD/CAD grinds higher in ‘rising channel’ pattern, watch out for channel breakout for further upside AUD/CAD extends grind higher in ‘Rising Channel’ pattern. Scope for further upside. The pair has resume upside after brief retrace from multi-week highs at 1.0136. Price action has retraced dip below 5-DMA and is on …

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NZD/CHF resumes upside after brief consolidation, good to go long on decisive break above 200-dma at 0.6941

NZD/CHF resumes upside after brief consolidation, good to go long on decisive break above 200-dma at 0.6941 NZD/CHF is trading 0.47% higher on the day. The pair is extending upside after brief consolidation in the previous session. Price action has broken out of ‘Symmetric Triangle’ pattern and now finds stiff …

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South Korean WON trades marginally lower in early Asia, faces strong resistance at 1,314 Mark

South Korean WON trades marginally lower in early Asia, faces strong resistance at 1,314 Mark EUR/KRW is currently trading around 1,313 mark. Pair made intraday high at 1,313 and low at 1,311 levels. Intraday bias remains neutral till the time pair holds immediate resistance at 1,314 mark. A sustained close …

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Chinese Yuan trades almost flat against U.S. Dollar, People’s Bank of China sets Yuan mid-point at 6.3218 per U.S. Dollar

Chinese Yuan trades almost flat against U.S. Dollar, People’s Bank of China sets Yuan mid-point at 6.3218 per U.S. Dollar USD/CNY is currently trading around 6.3260 marks. It made intraday high at 6.3275 and low at 6.3190 levels. Intraday bias remains neutral for the moment. A sustained close above 6.3564 …

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Bulls continue to dominate nasdaq100; two interim targets added

Bulls continue to dominate nasdaq100; two interim targets added In mid-February, in an article named, ““FxWirePro: NASDAQ100 looks wobbly compared to other U.S. benchmark indices”, available at https://www.econotimes.com/FxWirePro-NASDAQ100-looks-wobbly-compared-to-other-US-benchmark-indices-1166397 we suggested that the selloffs that rattled investors’ nerves in late January and early February, might not be over for European stocks …

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