FxWirePro: Copper breaks major trendline resistance at 3.145, bias higher, stay long
Nov 24, 2017 06:08 am UTC| Technicals
Copper trades 0.41% higher on the day at around 3.158 levels, bias higher. Price action has shown a decisive break above minor trendline resistance at 3.145. Daily cloud offers strong support, we see weakness...
Nov 24, 2017 05:33 am UTC| Technicals
Gold is consolidating after hitting high of $1294.50 on Nov 22nd 2017.US Fed minutes shows that policy makers are highly positive on economy and predicted that rates will be raised in the future. But weak inflation is...
FxWirePro: AUD/CAD extends 5-DMA break, eyes 20-DMA at 0.9742, stay long
Nov 24, 2017 05:28 am UTC| Technicals
AUD/CAD edges higher, is extending break above 5-DMA at 0.9683, bias higher. The pair is trading 0.10% higher on the day we see scope for further upside as long as 5-DMA support holds. Technical indicators are...
FxWirePro: EUR/JPY holds 100-DMA support, breaks above 5-DMA, bias neutral
Nov 24, 2017 05:02 am UTC| Technicals
EUR/JPY has taken 100-DMA support and edged higher to currently trade above 132 handle. The pair has retraced brief dip below 100-DMA at 131.30, has broken above 5-DMA at 131.89. Upside now finds strong...
FxWirePro: USD/JPY holds above 111 handle, further weakness only on break below
Nov 24, 2017 04:13 am UTC| Technicals
USD/JPY breaks below weekly 200-SMA at 112.06, we see scope for further weakness. Price action hovers around weekly 20-SMA at 111.42, decisive close below for the week raises scope for more slumps. The major has...
FxWirePro: Thai baht rises gradually against U.S. dollar, good to sell on rallies
Nov 24, 2017 03:42 am UTC| Technicals
USD/THB is currently trading around 32.67 marks. It made intraday high at 32.69 and low at 32.65 marks. Intraday bias remains neutral till the time pair holds key support at 32.65 mark. A daily close below...
FxWirePro: Japanese yen slightly up on robust manufacturing PMI data
Nov 24, 2017 02:30 am UTC| Technicals
USD/JPY is currently trading around 111.31 marks. It made intraday high at 111.43 and low at 111.19 levels. Intraday bias remains neutral till the time pair holds key support at 111.20 marks. A daily close...
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