FxWirePro: AUD/USD breaks above 20-DMA, eyes 200-DMA at 0.7531
Jun 05, 2017 08:23 am UTC| Technicals
AUD/USD has bounced of major trendline support at 0.7370 levels. The pair has broken above 20-DMA and bulls now target 200-DMA at 0.7531. Aussie buoyed following news of higher-than-expected corporate profits for...
FxWirePro: NZD/USD rejected at highs, break below 200-DMA at 0.7104 could see weakness
Jun 05, 2017 07:11 am UTC| Technicals
NZD/USD pares Fridays gains post downbeat NFP report, edges closer to 0.71 handle. The pair was rejected at highs, trades with a mild bearish bias. Technically, the pair has broken above 200-DMA and upside...
FxWirePro: USD/CHF closes well below 100- W MA, decline till 0.9540 likely
Jun 05, 2017 07:01 am UTC| Technicals
USD/CHF continues its losing streak and has broken support of 0.96650 low made on Jun 1st 2017. The pair declined till 0.9620 100% projection of 1.0342 to 0.9860 from 1.0099. Weekly bias is on the downside and any minor...
FxWirePro: AUD/NZD closes bearish gap down open, upbeat Caixin Chinese services PMI boosts Aussie
Jun 05, 2017 06:38 am UTC| Technicals
Aussie buoyed following news of higher-than-expected corporate profits for Q1 2017. Business indicators shows Australias company profits gain 6.0% while business inventories up 1.2% in Q1. Further,...
Jun 05, 2017 06:35 am UTC| Technicals
On hourly charts of this energy commodity prices, although the bulls break out the strong resistance at 48.16 levels, we dont encourage longs despite todays upswings. Instead, we are slightly skeptic about bullish swing...
FxWirePro: USD/JPY consolidates NFP-led sell-off, finds major support at 110.18 (200-DMA)
Jun 05, 2017 05:56 am UTC| Technicals
USD/JPY has closed the gap down open and edged higher from session lows at 110.30. The major now consolidates above 110.50 levels as we head towards early Europe. Recovery in risk sentiment after upbeat Chinese...
FxWirePro: Gold hits 6- week high on weak U.S jobs data, good to buy on dips
Jun 05, 2017 05:42 am UTC| Technicals
Gold hits highest in six weeks as U.S jobs data came weaker than expected. The yellow metal broken major resistance of $1274 high made on May 31st 2017. The yellow metal jumped almost $20 yesterday and is currently trading...
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