FxWirePro: NZD/JPY extends grind higher along 5-DMA, good to go long on break above 77.70
Dec 06, 2017 07:06 am UTC| Technicals
NZD/JPY is extending grind higher along 5-DMA support at 77.22. The pair finds major trendline resistance at 77.70, only decisive breakout to see further upside. Better-than-expected Chinese services PMI data and...
FxWirePro: USD/ZAR rejects key support at 13.38 mark, short term trend reversal likely
Dec 06, 2017 06:55 am UTC| Technicals
USD/ZAR is currently trading around 13.50 levels. It made intraday high at 13.50 and low at 13.41 levels. Intraday bias remains bullish till the time pair holds key support at 13.38 mark. A daily close...
FxWirePro: Sell GBP/JPY below 150.40
Dec 06, 2017 06:54 am UTC| Technicals
Major Resistance 153 GBP/JPY declined almost 140 pips yesterday from the high of 151.81 on uncertainty over Brexit negotiations. UK and EU failed to reach a deal in Brussels meeting. European Union has set deadline...
Dec 06, 2017 06:39 am UTC| Technicals
EUR/JPY is extending range trade, price action remains capped below 61.8% Fib retrace at 134.28. Upside has been struggling to break above 61.8% Fib retrace of 109.205 to 149.787 rally at 134.28. We see scope for...
FxWirePro: USD/INR hovers around key resistance at 64.49 mark, RBI’s rate decision in focus
Dec 06, 2017 06:15 am UTC| Technicals
USD/INR is currently trading around 64.45 marks. It made intraday high at 64.47 and low at 64.40 marks. Intraday bias remains slightly bullish till the time pair holds key support at 64.40 mark. Key...
Dec 06, 2017 05:41 am UTC| Technicals
FxWirePros Hourly Currency Index bias for AUD/NZD at 0500 GMT: Bearish FxWirePros Hourly AUD Spot Index: -122.59 (Bearish) FxWirePros Hourly NZD Spot Index: 90.5586 (Bullish) Technical Analysis: Bias Bearish -...
FxWirePro: Gold trades weak, break below $1260 confirms short term bearishness
Dec 06, 2017 05:36 am UTC| Technicals
Gold declined sharply almost $17 yesterday on strong U.S dollar. The yellow metal hits low of $1260.88 and is currently trading around $1266.64. Market awaits major economic data US ADP employment to be released today for...
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