FxWirePro: Cloud caps upside in NZD/JPY, good to short rallies
May 18, 2017 11:05 am UTC| Technicals
Daily Ichimoku cloud weighs on the upside, NZD/JPY struggles to break through. Technical indicators on daily charts are heavily bearish. The pair finds strong trendline support at 76 levels, break below will see...
FxWirePro: NZD/USD closes above 20-DMA, bias higher, stay long
May 18, 2017 10:40 am UTC| Technicals
NZD/USD closed above 20-DMA on Wednesdays trade, intraday bias higher. Upside in the pair pauses at 23.6% Fibo at of 0.7375 to 0.6817 fall at 0.6950. Break above will see further upside. Next bull target is...
FxWirePro: 5-DMA caps upside in EUR/JPY, good to go short on rallies
May 18, 2017 10:07 am UTC| Technicals
EUR/JPY recovery was rejected at 5-DMA at 124.09, the pair down over 0.80% on the day. The pickup in risk aversion providing extra support to the safe haven JPY. While EUR extends weakness ahead of ECB...
fxWirePro:U.S Dollar Index Weekly Outlook
May 18, 2017 09:45 am UTC| Technicals
U.S dollar index trading extremely weak compared to previous week. The index broken strongly 55- W EMA and declined sharply till 97.33 in the week. The jump from 91.92 to 103.82 has come to an end since it has broken...
FxWirePro: AUD/JPY recovery lacks traction, good to go short on close below trendline at 82.35
May 18, 2017 09:24 am UTC| Technicals
The pickup in risk aversion providing extra support to the safe haven JPY. AUD/JPY edged higher on early Thursdays trade on the back of Australian jobs data-led gains. The pair retraced dip below 200-DMA at...
FxWirePro: Swedish krona falls gradually against euro, short term bias remains bullish
May 18, 2017 08:39 am UTC| Technicals
EUR/SEK is currently trading around 9.7667 levels. It made intraday high at 9.7675 and low at 9.7293 levels. Intraday bias remains bullish till the time pair holds key support at 9.72 levels. A sustained...
FxWirePro: Silver fails to sustain above $17.00 mark, bias turns bearish again
May 18, 2017 07:48 am UTC| Technicals
XAG/USD is currently trading around $16.68 marks. It made intraday high at $16.93 and low at $16.59 levels. Intraday bias remains neutral till the time pair holds key support at $16.82 mark. A daily close...
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