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...
FxWirePro: South African rand falls against U.S. dollar, faces strong resistance at 13.48 mark
May 18, 2017 07:25 am UTC| Technicals
USD/ZAR is currently trading around 13.26 levels. It made intraday high at 13.40 and low at 13.15 levels. Intraday bias remains bullish till the time pair holds key support at 13.03 marks. A daily close...
FxWirePro: USD/JPY recovers from fresh monthly lows at 110.52, finds support by weekly 200-SMA
May 18, 2017 07:15 am UTC| Technicals
USD/JPY saw huge slump on Wednesday on dive in US treasury bond yields, amid intensifying political turmoil in the US. The pair recovers from fresh monthly lows at 110.52 supported by modest rebound in the US treasury...
May 18, 2017 07:03 am UTC| Technicals
Bears have managed to break below strong support at 83.789 levels. That is where a mighty bearish engulfing candle has occurred with huge volumes. As a result, current prices slid below 21DMA despite todays...
FxWirePro: USD/CHF breaks major support at 0.9812, dip till 0.9617 likely
May 18, 2017 06:48 am UTC| Technicals
USD/CHF continues its losing streak for the four consecutive days and has broken major support of 0.98120 low formed on Mar 27th 2017. The pair hits 0.97740 yesterday and is currently trading around 0.98120. The break...
FxWirePro: EUR/GBP hovers around 200-DMA, struggles to extend gains above 0.86 handle
May 18, 2017 06:31 am UTC| Technicals
EUR/GBP is hovering around 200-DMA at 0.8595, bias remains higher as long as pair holds above 5-DMA at 0.8554. The major finds stiff resistance at 0.8595 (converged trendline and 200-DMA). We see upside only on...
FxWirePro: USD/SGD hits fresh 6-month low at 1.3891 mark, good to sell on rallies
May 18, 2017 06:08 am UTC| Technicals
USD/SGD is currently trading around 1.3907 marks. It made intraday high at 1.3920 and low at 1.3891 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3959 marks. A daily...
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