FxWirePro: GBP/JPY downside capped by 7- day MA, good to buy on dips
May 09, 2017 06:38 am UTC| Technicals
GBP/JPY shown a minor decline after forming a top around 146.66 yesterday. The pair dipped till 145.65 and once gain recovered sharply from that level. The JPY is trading weak against all major as risk appetite eases...
FxWirePro: Silver trades marginally higher, sustained close below $16.18 targets $15.80
May 09, 2017 06:19 am UTC| Technicals
XAG/USD is currently trading around $16.25 marks. It made intraday high at $16.29 and low at $16.18 levels. Intraday bias remains bullish till the time pair holds key support at $16.18 mark. A daily close...
FxWirePro: Gold trades lower as risk appetite eases, good to sell on rallies
May 09, 2017 06:14 am UTC| Technicals
Gold prices declined after a mild recovery from the 7 week low as safe haven demand eases after French election. The yellow metal shown a mild jump till $1236 and declined from that level. It is currently trading around...
FxWirePro: AUD/CAD breaks below daily cloud, eyes 200-DMA at 1.0013, stay short
May 09, 2017 06:10 am UTC| Technicals
AUD/CAD has dipped below daily cloud support at 1.0092, bias lower. The pair is extending slump from yearly highs at 1.03458, eyes 200-DMA at 1.0013. Weakness seen on weekly charts, violation at 200-DMA could see...
May 09, 2017 05:55 am UTC| Technicals
Although GBPJPY halted bull swings yesterday at 146.542 levels, after stern bullish candle with the big real body, the bulls resume rallies today despite a deceptive hanging man pattern, rallies likely to extend upon...
May 09, 2017 05:44 am UTC| Technicals
USD/CNY is currently trading around 6.9066 marks. It made intraday high at 6.9080 and low at 6.9052 levels. Intraday bias remains bullish till the time pair holds key support at 6.8985 marks. A sustained...
FxWirePro: AUD/NZD on track to test 200-DMA at 1.0593, good to short rallies
May 09, 2017 04:59 am UTC| Technicals
AUD/NZD has breached major support levels and is trading with a major bearish bias. The pair has breached trendline support at 1.07, cloud base at 1.0672, 100-DMA at 1.0674. The pair is currently holding minor...
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