May 19, 2017 07:37 am UTC| Technicals
On daily terms, the current price has shown failure swings at channel resistance. Consequently, it has gone below DMAs, expect dips on bearish DMA crossover. The price behavior has been sliding in the sloping...
FxWirePro: EUR/JPY holds 20-DMA support, 'Bearish Anti Gartley' keeps bias lower
May 19, 2017 07:04 am UTC| Technicals
EUR/JPY is trading a narrow range on the day, capped below 5-DMA on the upside. JPY remains bid as markets witnessed a slight turnaround in risk condition amid a renewed uptick in treasury yields and Asian...
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...
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