FxWirePro

USD/CAD has shown a minor jump from the low of 1.2456 on strong crude oil prices. Lonnie has formed a top around 1.25903 and started to decline from that level. It is currently trading around 1.24848. Markets await Canada CPI and retail sales data for further direction. Crude oil price rose for the past two days on better than expected crude oil inventory and ...

US OIL: Target 1 achieved at $50.95 book partial profits

It is good to buy on dips around 113.35-40 with SL around 112.30 for the TP of 115/115.48

EUR/USD has declined after hitting high of 1.18578 yesterday after Senate clears tax reform hurdle yesterday. The Senate approves budget for fiscal 2018 which paves way for tax reform without Democratic support. The pair declined till 1.18042 and is trading around 1.180140. Market awaits US existing home sales and Janet Yellen speech today for further ...

USD/CHF has shown a huge recovery after hitting low of 0.97350 yesterday. The pair has broken the double top resistance at 0.98369 and jumped till 0.98450 level. Short term trend is still bullish as long as support 0.9705 holds. It is currently trading around 0.98094. On the lower side, near term support is around 0.9720 (100- 6H MA) and any break below will ...

Gold jumped till $1290 yesterday after slight recover in Euro but dollar regained sharply after US senate approved a budget blue print for 2018 fiscal which will pave way for for Republicans to pursue a tax-cut package without Democratic support.The commodity declined from the yesterday high till $1282.49 and is currently trading around $1283.42. US ...

GBPUSD: Low risk traders book profit at 1.3150.

It is good to sell on rallies around 1.1805-1.1810 with SL around 1.1850 for the TP of 1.1720/1.1660.

it is good to sell on rallies around 0.9797-0.9800 with SL around 0.9835 for the TP of 0.9710

It is good to buy on dips around 149.25-149.30 with SL around 148.60 for the TP of 150.25/151.57.

• Gold declined sharply till $1276.50 from the intraday high of $1288 on account of slight strength in US dollar and on rumor that Trump favors Hawkish Taylor for Fed chairman. The yellow metal prices are expected to trade weak as geo political tensions eases in North Korea. It is currently trading around $1284.93. • US President Donald Trump is leaning towards ...

It is good to buy on dips around $5450-5500 with SL around $5100 for the TP of $6225

Cable has shown a further decline after UK jobs data. UK Jobless rate remains at 4.3%, lowest since 1975. The number of people claiming unemployment benefits increased to 1.7K compared to forecast of 1K. But wage growth shown a minor jump but still below inflation. Pound sterling hits intraday low of 1.3140 on weak wage growth. The near term major resistance is ...

Cable’s intermediary upswings hampered by shooting star, major trend retrained below channel resistance – Tunnel spreads to speculate: Shooting star pattern candle has occurred at 1.3495 back in mid-September and now at 1.3283 levels. As a result, from last three days in a row, Cable’s bears have been reactivated ever since then. Consequently, these bearish ...

Chart Pattern Formed – Head and Shoulders EUR/USD has recovered slightly after hitting low of 1.17361 yesterday and pair is still below 1.1800 level. Euro declined yesterday on rumor that Fed President Trump got impressed by hawkish Fed candidate. The pair is trading around 1.17574. Market is expected to remain quiet as no major economic data to be released in ...

• Gold declined sharply till $1281.45 from the high of $1305.89 on account of slight strength in US dollar and on rumor that Trump favors Hawkish Taylor for Fed chairman. The yellow metal prices are supported at lower level due to geo political tensions in North Korea. It is currently trading around $1284.93. • US President Donald Trump is leaning towards ...

AUD/JPY history repeats near 61.8% Fibos, back-to-back shooting stars trim gains but Dragonfly Doji counters – Boundary binaries to speculate: The pair has formed shooting star at 87.344 (refer last month’s candle on monthly plotting). We’ve seen the back-to-back formation of the same pattern even in daily terms, ever since then you could easily observe the ...

EUR/JPY has broken major trendline support at 132.40, bias lower. Momentum studies are bearish, RSI below 50, Stochs biased lower. We see bearish divergence on RSI and Stochs which raises scope for downside. Technical indicators on weekly charts are also turning bearish. RSI and Stochs have rolled over from overbought levels. We see scope for test of 50-DMA at ...