FxWirePro:Gold upside capped by 10- day MA, good to sell on rallies
Dec 05, 2016 06:22 am UTC| Technicals
Gold jumped sharply till $1188 yesterday after the U.S jobs data. The yellow metal shown a slight decline till $1166 after better than expected U.S NFP jobs data. But not able to hold at lower levels the yellow metal...
Dec 05, 2016 06:16 am UTC| Technicals
AUDNZD fell from 1.0475 to 1.0420, but the momentary bulls attempting for upside traction in short run but seems unlikely to break resistances of 1.0493 21DMA, only break above likely to make equidistance upmove (2.39%),...
FxWirePro: China’s yuan marginally lower despite higher than expected Caixin services PMI data
Dec 05, 2016 06:16 am UTC| Technicals
USD/CNY is currently trading around 6.8881 marks. It made intraday high at 6.8898 and low at 6.8781 levels. Intraday bias remains bullish till the time pair holds key support at 6.88 mark. A daily close...
FxWirePro: AUD/USD faces major resistance at 0.7476, good to short rallies
Dec 05, 2016 05:46 am UTC| Technicals
AUD/USD has been struggling to extend gains above 0.75 handle in the previous week. The pair now finds stiff resistance by 20-DMA at 0.7476, any upside can be seen only on break above. We see scope for test of...
FxWirePro: EUR/GBP hits 4 1/2 month lows, finds strong support at 200-DMA
Dec 05, 2016 05:18 am UTC| Technicals
Euro depressed across the board after the Italy rejected constitutional reform in a referendum vote. The pair finds strong support by 200-DMA at 0.8277, weakness likely on break below. Bond markets in Germany...
FxWirePro: USD/KRW trades in narrow range, down side limited
Dec 05, 2016 05:16 am UTC| Technicals
USD/KRW is currently trading around 1,174 levels. It made intraday high at 1,175 and low at 1,171 marks. Intraday bias remains bullish till the time pair holds key support at 1,164 levels. A daily close...
FxWirePro: EUR/JPY attempts recovery from Italian 'No' vote led slump, good to short rallies
Dec 05, 2016 04:20 am UTC| Technicals
EUR/JPY slumps after the vote No in Sundays Italian constitutional referendum, and the following PM Renzis announcement to resign. Recovering risk sentiment prompts a brief recovery in the pair. EUR/JPY pares...
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