GBP/JPY upside capped by 200- day MA, break above targets 151
May 16, 2018 07:24 am UTC| Technicals
GBP/JPY has once again shown a minor decline after showing a minor jump above 200- day MA at 149.17. The pair hits high of149.19 and started to decline slightly from that level. GBP was trading weak against all majors...
FxWirePro: USD/ZAR moves in stiff boundaries, stay bullish only above 12.62 mark
May 16, 2018 07:22 am UTC| Technicals
USD/ZAR is currently trading around 12.54 levels. It made intraday high at 12.61 and low at 12.52 levels. Intraday bias remains neutral till the time pair holds key resistance at 12.62 mark. A daily close...
FxWirePro: Gold declines below $1300 level on rising US 01 year bond yield, good to sell on rallies
May 16, 2018 07:19 am UTC| Technicals
Gold prices has declined more than $25 yesterday on account of rising US 10 year bond yield and US dollar. US 10 year bond yield jumped more than 3% yesterday and hits fresh 4 year high at 3.09%. US 10 year yield and Gold...
FxWirePro: XAG/USD rises gradually against U.S. dollar, faces immediate resistance at $16.32 mark
May 16, 2018 06:37 am UTC| Technicals
XAG/USD is currently trading around $16.27 marks. It made intraday high at $16.29 and low at $16.22 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.32 mark. A daily close...
FxWirePro: NZD/CHF consolidates break below 200-DMA, hovers around 61.8% Fib at 0.6864, bias lower
May 16, 2018 06:33 am UTC| Technicals
NZD/CHF consolidates break below 200-DMA, trades largely unchanged on the day. The pair hovers around 61.8% Fibo support at 0.6864, break below will see further weakness. NZD on the defensive on dampening data...
FxWirePro: DAX30 Daily Outlook
May 16, 2018 06:19 am UTC| Technicals
DAX index is continuing its bullishness for 8th consecutive week after forming a bottom around 11703.. The index recovered almost more than 1100 points (11%) from the low. US indices SP 500 and Dow jones has declined...
FxWirePro: NZD/CAD pauses downside at 78.6% Fib, break below to see further weakness
May 16, 2018 05:51 am UTC| Technicals
NZD/CAD is trading in a narrow range, made a days high at 0.8842 and a low of 0.8817. The pair has paused downside at 78.6% Fib at 0.8829, break below will see further downside. NZD on the defensive on dampening...
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