FxWirePro: Copper breaks above 20-DMA, eyes 100-DMA 2.6261, stay long
May 22, 2017 10:00 am UTC| Technicals
Copper has managed a decisive break above 20-DMA, bias higher. The pair had been struggling to break past 20-DMA from the past couple of sessions. Breakout above 20-DMA has raised scope for test of 100-DMA at...
FxWirePro: WTI Crude Oil trades above 89 –W EMA ahead of OPEC meeting, good to buy on dips
May 22, 2017 09:53 am UTC| Technicals
WTI crude oil broken major psychological resistance at $50 in the previous week and has closed well above that level. It is currently trading around $ 51.01. Crude oil prices jumped sharply almost $3 in the previous...
FxWirePro: WTI Crude Oil trades above 89 –W EMA ahead of OPEC meeting, good to buy on dips
May 22, 2017 09:53 am UTC| Technicals
WTI crude oil broken major psychological resistance at $50 in the previous week and has closed well above that level. It is currently trading around $ 51.01. Crude oil prices jumped sharply almost $3 in the previous...
FxWirePro: USD/DKK finds resistance at 6.713, good to sell on rallies
May 22, 2017 09:25 am UTC| Technicals
USD/DKK rose as downbeat Denmarks April retail sales figures disappointed the Danish Krone bulls. Denmarks retail sales declined at an annualized rate of 0.3 percent after posting a rise of 2.6 percent year-on-yearin...
FxWirePro: AUD/USD edges higher from session lows at 0.7428, holds 23.6% Fib support, bias higher
May 22, 2017 09:00 am UTC| Technicals
AUD/USD has pared losses and edged higher from session lows at 0.7428, intraday bias higher. The pair is struggling to extend gains above major trendline resistance currently at 0.7465. Technical studies are...
FxWirePro: USD/CHF closes below 89- W EMA, target 0.9620
May 22, 2017 08:43 am UTC| Technicals
USD/CHF shown a huge decline in the previous week and hits 8- week low after breaking major support of 0.98120 low formed on Mar 27th 2017. The pair hits 0.97244 on Friday and is currently trading around 0.97480. The...
FxWirePro: NZD/USD extends upside for 2nd consecutive session, holds above 20-DMA, bias higher
May 22, 2017 08:34 am UTC| Technicals
NZD/USD is extending gains for 2nd successive session, intraday bias higher. The pair has closed above 20-DMA on Fridays trade and is on track to test psychological 0.6950 level. Bullish divergence from price...
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