
EUR/USD breaks minor trend line support, decline till 1.0600 likely
Jan 25, 2017 08:18 am UTC| Technicals
Major support 1.07300 (trend line joining 1.05891 and 1.06251). Major resistance 1.0815 (161.8%retraceemnt of 1.07196 and 1.05891). EUR/USD has broken minor trend line support at 1.07300 and declined till...

FxWirePro: USD/ZAR hits fresh 2-month low at 13.28 mark, faces strong support at 13.16
Jan 25, 2017 07:21 am UTC| Technicals
USD/ZAR is currently trading around 13.37 levels. It made intraday high at 13.39 and low at 13.32 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 13.49 mark. A...

FxWirePro: Copper edges lower from session highs at 2.731, close above 2.70 to see further upside
Jan 25, 2017 06:55 am UTC| Technicals
Copper rejected at highs, edges lower from session highs at 2.731. Some intraday weakness seen on daily charts, but weekly charts are bullishly aligned. Chinas copper trade data for the month of December showed...

Jan 25, 2017 06:46 am UTC| Technicals
As stated in our recent technical write up on this pair, rallies have extended upto 124 levels or 21-DMA on daily and EMA on monthly plotting. Subsequently, the bear swings seem to be gaining selling interest at this...

FxWirePro:GBP/JPY trades well above trend line resistance, jump till 145 likely
Jan 25, 2017 06:33 am UTC| Technicals
Major support 140.80 (200- day MA) GBP/JPY broken the trend line resistance and jumped till 142.79 yesterday. It is currently trading around 142.35. The pair formed a temporary bottom at 140.77 yesterday and...

FxWirePro: XAG/USD rejects key resistance at $17.26 mark, good to sell on rallies
Jan 25, 2017 06:31 am UTC| Technicals
XAG/USD is currently trading around $16.98 marks. It made intraday high at $17.09 and low at $16.94 levels. Intraday bias remains bearish till the time pair holds key resistance at $17.26 mark. A daily close...

FxWirePro: AUD/USD holds 1H 200-SMA support, good to short break below
Jan 25, 2017 05:56 am UTC| Technicals
AUD/USD hits three-day lows at 0.7534 after Australia core CPI printed at record lows. Data showed Australia core CPI fell to record low of 1.6% y/y. The trimmed mean figure tracked by the RBA came in at 0.4% q/q,...