FxWirePro: AUD/NZD extends downside after break below 5-DMA, good to sell rallies
Feb 24, 2017 09:05 am UTC| Technicals
AUD/NZD extends downside after rejection at major trendline resistance on Wednesdays trade. The pair has closed below 5-DMA and recovery attempts on the day rejected below 5-DMA. Aussiedented after Lowes comments...
FxWirePro: Norwegian krone marginally higher against euro, short term bias remains bearish
Feb 24, 2017 07:57 am UTC| Technicals
EUR/NOK is currently trading at 8.8242 levels. It made intraday high at 8.8242 and low at 8.8081 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 8.8330 marks. A...
FxWirePro: Buy GBP/JPY above 141.80
Feb 24, 2017 07:23 am UTC| Technicals
Chart pattern- Symmetrical triangle pattern Major resistance 141.80 (trend line joining 144.78 and 142.80) Major support 140.10 (trend line joining 136.45 and 138.53) GBP/JPY has recovered sharply after...
FxWirePro: Gold hits three month high, focus on Trump’s policy for further bullishness
Feb 24, 2017 07:21 am UTC| Technicals
Major support - $1226 (21- day EMA) Major resistance - $1262 (200- day MA) The yellow metal hits three month high at $1251.17 yesterday on account of weakness in dollar. U.S dollar index declined slightly after...
FxWirePro: AUD/JPY retakes 87 handle, 20-DMA is major support, weakness only on break below
Feb 24, 2017 06:50 am UTC| Technicals
AUD/JPY retakes 87 handle, attempts breach of 5-DMA resistance at 87.06. The Japanese yen likely to remain supported amid persisting risk-off moods. The pair is extending recovery from Thursdays low reached at...
FxWirePro: USD/ZAR trades in narrow range, short term trend reversal likely
Feb 24, 2017 06:48 am UTC| Technicals
USD/ZAR is currently trading around 12.87 levels. It made intraday high at 12.91 and low at 12.85 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.02 marks. A daily...
FxWirePro: NZD/JPY extends range trade below 200-SMA, intraday bias neutral
Feb 24, 2017 06:20 am UTC| Technicals
NZD/JPY fails at 1H 200-SMA at 81.55, trades a narrow range in the Asian session. 50-DMA at 81.63 caps upside in the pair, intraday bias remains neutral. Price action remains rangebound between hourly 100 and 200...
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