FxWirePro: AUD/JPY rejected at 50-DMA, retrace upto trendline support at 82.50 likely
May 17, 2017 07:11 am UTC| Technicals
AUD/JPY was rejected at 50-DMA and the pair is extending downside for 2nd straight session. Price action capped below daily Ichimoku cloud which weighs heavily on the upside. The pair has broken below 20-DMA at...
FxWirePro: USD/ZAR fails to drop below 13.03 mark, short term trend reversal likely
May 17, 2017 07:07 am UTC| Technicals
USD/ZAR is currently trading around 13.12 levels. It made intraday high at 13.12 and low at 13.03 levels. Intraday bias remains bullish till the time pair holds key support at 13.03 marks. A daily close...
FxWirePro: Sell GBP/JPY on rallies
May 17, 2017 07:03 am UTC| Technicals
GBPJPY forms the temporary top around 148.11 and started to decline for fourth consecutive days from that level. It is currently trading around 145.07. The pair broken minor support at 146.30 (daily Tenkan-Sen and 10...
FxWirePro: NZD/USD hovers around 20-DMA at 0.6913, bias higher, good to go long on break above
May 17, 2017 06:41 am UTC| Technicals
NZD/USD breaks 20-DMA at 0.6913, intraday bias higher. Bullish RSI divergence seen on daily charts, raises scope for upside. Technical indicators are bullish, next immediate resistance seen at 0.6950...
FxWirePro: Silver jumps above $16.90 mark, upside limited
May 17, 2017 06:37 am UTC| Technicals
XAG/USD is currently trading around $16.85 marks. It made intraday high at $16.91 and low at $16.79 levels. Intraday bias remains neutral till the time pair holds key support at $16.82 mark. A daily close...
FxWirePro: Gold faces resistance around 200- day MA, good to buy on dips
May 17, 2017 06:28 am UTC| Technicals
Gold prices continuing its uptrend for fourth consecutive days on the back of poor economic data. The yellow metal jumps till $1244.79 and it is currently trading around $1243. U.S new home construction has fallen in...
FxWirePro: AUD/USD struggles at 23.6% Fib, bias higher, stay long
May 17, 2017 06:01 am UTC| Technicals
AUD/USD is struggling to extend gains beyond 23.6% Fib retrace of 0.7749 to 0.7328 fall. The pair is holding 5-DMA support at 0.7405, we see weakness only on break below. We have seen a Bullish Bat Pattern...
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