FxWirePro: Gold downside capped by 200 –day MA, good to buy on dips
May 19, 2017 06:59 am UTC| Technicals
Gold prices shown minor profit booking after hitting two week high on account political uncertainty in U.S. The yellow metal declined almost $20 till $1245.95 yesterday and it is currently trading around $1249.86. US...
FxWirePro: USD/ZAR rejects key resistance at 13.58 mark, intraday bias remains bearish
May 19, 2017 06:39 am UTC| Technicals
USD/ZAR is currently trading around 13.32 levels. It made intraday high at 13.42 and low at 13.31 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.58 marks. A daily...
FxWirePro: NZD/JPY trades a narrow range, further weakness only on break below 76
May 19, 2017 06:26 am UTC| Technicals
NZD/JPY is trading in a narrow range after Doji formation on Thursday. Technical indicators on daily charts are still heavily bearish, but pair finds strong trendline support at 76 levels. We see any further...
FxWirePro: USD/CNY jumps above 6.89 mark, PBOC sets yuan mid-point at 6.8786
May 19, 2017 06:11 am UTC| Technicals
USD/CNY is currently trading around 6.8917 marks. It made intraday high at 6.8953 and low at 6.8879 levels. Intraday bias remains bullish till the time pair holds key support at 6.8701 marks. A sustained...
FxWirePro: NZD/USD fails at major trendline resistance at 0.6940, falls below 5-DMA
May 19, 2017 05:49 am UTC| Technicals
NZD/USD failed to hold above 20-DMA on Thursdays trade, falls below 5-DMA. Upside was rejected at major trendline resistance at 0.6940 on Thursdays trade. 20-DMA at 0.69 caps upside on the day, we see further...
FxWirePro: Nikkei225 recovers as political uncertainty eases, good to sell on rallies
May 19, 2017 05:41 am UTC| Technicals
Nikkei index shown a massive sell of yesterday on account of combination of weak U.S dollar, U.S equity markets and retreat in oil prices. U.S dollar index broken major support of 98 level and declined till 97.33...
May 19, 2017 05:18 am UTC| Technicals
The major trend has bearish, while consolidation phase has been observed from last one year or so. But in the recent past bull swings in consolidation phase seem to be exhausted at the stiff resistance of...
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