GBP/USD trades above 1.27000, jump till 1.2800 possible
Dec 05, 2016 10:20 am UTC| Technicals
Major resistance 1.2700 Major support 1.26000 Cable breaks the high of 1.26950 on Friday and jumped till 1.27371. It is currently trading around 1.27025. Short term trend is still bullish as long as...
FxWirePro:DAX30 faces strong trend line support at 10400, good to buy on dips
Dec 05, 2016 08:56 am UTC| Technicals
Major support 10400 (trend line joining 9302 and 10200) The index jumped sharply after taking support near trend line and jumped sharply from that level. It is currently trading around 10710. On the lower side,...
FxWirePro: India rupee falls against U.S. dollar after lower than expected services PMI data
Dec 05, 2016 08:45 am UTC| Technicals
USD/INR is currently trading around 68.10 marks. It made intraday high at 68.13 and low at 67.96 marks. Intraday bias remains bullish till the time pair holds key support at 67.91 mark. Key resistances are...
FxWirePro: EUR/CAD breaks major support at 1.4160, good to sell rallies
Dec 05, 2016 07:27 am UTC| Technicals
EUR/CAD has broken major trendline support at 1.4160. Downside in the pair has paused just shy of strong support at 1.4024 (Nov 30, 2015 low). Violation there see little support till 1.3023 (Apr 13, 2015...
FxWirePro: USD/ZAR rejects key resistance at 14.16 mark, good to sell on rallies
Dec 05, 2016 07:16 am UTC| Technicals
USD/ZAR is currently trading around 13.89 levels. It made intraday high at 13.97 and low at 13.72 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.16 marks. A daily...
FxWirePro: EUR/USD hits 21- month low on Italy No vote referendum, good to sell on rallies
Dec 05, 2016 07:09 am UTC| Technicals
EUR/USD has seen a huge selling pressure in todays Asian session. The pair breaks major support of 1.05180 and declined till 1.05048 after the Italian vote No in Sundays constitutional amendment referendum. The pair...
FxWirePro: NZD/USD hovers around 20-DMA at 0.7105, bias higher
Dec 05, 2016 06:46 am UTC| Technicals
NZD/USD edges higher from session lows at 0.7069, hovers around 20-DMA. Upside in the pair intact till pair closes above 5-DMA. We see scope for test of 100-DMA at 0.7192. Break above could see further...
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