FxWirePro:EUR/USD faces strong resistance at 1.08200, good to sell on rallies
Dec 06, 2016 08:00 am UTC| Technicals
Major resistance- 1.08200 The pair jumped sharply till 1.07961 after making a low of 1.05047 yesterday. It is currently trading around 1.07498. It should break above 1.08200 for further bullishness. Any break...
FxWirePro: AUD/JPY capped below weekly 100-SMA, break above needed for further upside
Dec 06, 2016 07:56 am UTC| Technicals
AUD/JPY has broken major trendline resistance at 84.50. Upside remains capped by weekly 100-SMA at 85.60. Breakout above needed for further upside. AUD bulls unimpressed by RBAs status-quo, remain largely muted...
FxWirePro: GBP/JPY faces strong intraday support at 144, good to buy on dips
Dec 06, 2016 07:53 am UTC| Technicals
Major support 144.20 (55- H EMA) GBP/JPY has taken support near 55- H MA and started to jump from that level. It is currently trading around 145.39. The intraday trend is slightly bullish as long as support 144...
FxWirePro: AUD/NZD holds major trendline support at 1.0415, weakness only on break below
Dec 06, 2016 06:49 am UTC| Technicals
AUD/NZD is holding major trendline support at 1.0415. Upside in the pair was capped at 20-DMA at 1.0514. Momentum studies are weak with RSI below 50 levels. Break below trendline (currently) at 1.0415 will...
Dec 06, 2016 06:24 am UTC| Technicals
The pair has been consistently been bouncing back after testing support at 0.6959. The current prices spike above DMAs despite back-to-back hanging man candle patterns at 0.7088, 0.7139 and now again todays candle seems...
FxWirePro:Gold struggles to close above 7- day MA ,good to sell on rallies
Dec 06, 2016 05:56 am UTC| Technicals
Gold continued its losing streak and breaks major support $1160 declined till $1156.98. The yellow metal is trading weak on account of strong U.S dollar and Fed rate hike fears. But the Italian no vote referendum...
FxWirePro: EUR/AUD struggles at 50-DMA, breakout above to test 1.4575 levels
Dec 06, 2016 05:53 am UTC| Technicals
EUR/AUD has broken minor trendline support at 1.4325. The pair is currently struggling to break above 50-DMA at 1.4407. Technical studies are bullish, we see scope for test of 1.4575 on breakout above...
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