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...
FxWirePro: AUD/USD finds major trendline resistance at 0.7475, break above to see further upside
May 18, 2017 06:06 am UTC| Technicals
AUD/USD has broken above 0.7428 which is 23.6% Fib retrace of 0.7749 to 0.7328 fall. The pair hit 2-week highs of 0.7466 after upbeat Australia jobs data buoyed the Aussie against major pairs. Grind higher along...
FxWirePro: Gold trades higher on U.S political uncertainty, good to buy on dips
May 18, 2017 06:04 am UTC| Technicals
Gold prices continuing its uptrend for fifth consecutive days and jumped almost $25 yesterday on account political uncertainty in U.S. The yellow metal jumps till $1263 at the time of writing and it is currently trading...
FxWirePro: Indian rupees erases previous gain against U.S. dollar, bias turns bullish again
May 18, 2017 04:31 am UTC| Technicals
USD/INR is currently trading around 64.41 marks. It made intraday high at 64.43 and low at 64.27 marks. Intraday bias remains bullish till the time pair holds key support at 63.95 marks. Key resistances are...
FxWirePro: EUR/KRW hits fresh 4-month high at 1,257 mark, stay bullish
May 18, 2017 03:34 am UTC| Technicals
EUR/KRW is currently trading around 1,254 mark. Pair made intraday high at 1,257 and low at 1,251 levels. Intraday bias remains bullish till the time pair holds key support at 1,234 mark. A daily close below...
FxWirePro: Nikkei225 trades lower on U.S political uncertainty, good to sell on rallies
May 18, 2017 03:01 am UTC| Technicals
Nikkei index shown a huge decline yesterday on the weakness in U.S equity markets. US equity indices Dow and SP recorded a worst decline since Sep 20161 mounting concerns of Political turmoil in U.S.The New York times...
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