
FxWirePro: EUR/USD trades lower after Trump’s tax plan, good to sell on rallies
Sep 28, 2017 06:56 am UTC| Technicals
EUR/USD has declined for 3rd consecutive days and formed a bottom at 1.17180 (200- W MA) and shown a minor jump from that level. The pair awaits German CPI for further bearish continuation and is currently trading around...

FxWirePro: AUD/USD pauses downside at 0.78 handle, bias lower, test of 100-DMA at 0.7758 likely
Sep 28, 2017 06:47 am UTC| Technicals
AUD/USD hits 10-week lows at 0.7805 before paring some losses to currently trade around 0.7820 levels. Technical studies are heavily bearish, scope for test of 100-DMA at 0.7758. Indicators on weekly charts are...

FxWirePro: AUD/JPY holds 20-DMA support at 88.25, weakness likely on break below
Sep 28, 2017 06:15 am UTC| Technicals
AUD/JPY holds above 20-DMA support at 88.25, we see weakness on break below. Technical indicators are bearish, scope for test of test of major trendline support at 87.20. The pair is continuing downside along the...

FxWirePro: Gold declines sharply on strong US 10-year yield, good to sell on rallies
Sep 28, 2017 06:06 am UTC| Technicals
Gold prices declined sharply after making a high of $1313.40 on Sep 26th 2017. The yellow metal has broken the low of $1288 made on Sep 21st 2017 and declined till $1280.11 at the time of writing on account of rising...

FxWirePro: Indian rupee depreciates sharply against U.S. dollar, hits lowest level since March 2017
Sep 28, 2017 06:00 am UTC| Technicals
USD/INR is currently trading around 65.97 marks. It made intraday high at 66.06 and low at 65.74 marks. Intraday bias remains bullish till the time pair holds key support at 65.52 marks. Key resistances are...

FxWirePro: USD/CNY jumps above 6.65 mark, PBOC sets yuan mid-point at 6.6285
Sep 28, 2017 05:18 am UTC| Technicals
USD/CNY is currently trading around 6.6566 marks. It made intraday high at 6.6580 and low at 6.6387 levels. Intraday bias remains bullish till the time pair holds key support at 6.6295 mark. A sustained...

FxWirePro: USD/JPY breaks major trendline resistance at 112.75, hits 11-week high at 113.25
Sep 28, 2017 05:00 am UTC| Technicals
USD/JPY has broken major trendline resistance at 112.75, bias still higher. The major has hit fresh 11-week highs at 113.25 before paring some gains to close at 112.80 on Wednesday. The pair is currently hovering...