FxWirePro: Silver rejects key resistance at $17.28 mark, good to sell on rallies
May 24, 2017 03:05 am UTC| Technicals
XAG/USD is currently trading around $16.97 marks. It made intraday high at $17.09 and low at $16.95 levels. Intraday bias remains bearish till the time pair holds key resistance at $17.28 mark. A daily close...
FxWirePro: EUR/KRW remains well supported above 1,250 mark, bias remains bullish
May 24, 2017 02:10 am UTC| Technicals
EUR/KRW is currently trading around 1,258 mark. Pair made intraday high at 1,260 and low at 1,256 levels. Intraday bias remains bullish till the time pair holds key support at 1,250 mark. A daily close below...
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
May 23, 2017 17:35 pm UTC| Technicals
The USD/CAD pair declined on Tuesday as oil prices extended recent gains ahead of a meeting of major producers and domestic data showed solid growth in wholesale trade. The value of Canadian wholesale trade rose by...
FxWirePro: GBP/USD changes short term trend from neutral to bearish
May 23, 2017 16:50 pm UTC| Technicals
GBP/USD declined in the US session as investors awaited further developments in Britains suspended election campaign after a suicide bombing rocked the English city of Manchester. Britains main political parties...
FxWirePro: GBP/USD forms triple top around 1.3050, good to sell on rallies
May 23, 2017 13:18 pm UTC| Technicals
Cable formed an almost a triple top around 1.30475 and declined slightly from the level on account of renewed worries over Brexit negotiations. GBP/USD shown minor profit booking after hitting 7- month high. The pair...
May 23, 2017 12:39 pm UTC| Technicals
GBP/JPY continuing its losing streak for the second consecutive week after making a top around 148.11. It is currently trading around 144.18. The pair formed a bottom around 143.34 on May 18th 2017 and is acting short...
FxWirePro: NZD/JPY breaks 200-DMA at 77.97, bias higher, stay long
May 23, 2017 10:54 am UTC| Technicals
NZD/JPY spikes past 200-DMA at 77.97 to hit fresh highs for the week at 78.33. The preliminary Nikkei-Markit PMI data released on Tuesday showed Japanese manufacturing activity in May expanded at a slowest pace in six...
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