FxWirePro: Prefer to go short on XAG/USD around $18.02, stop loss at $18.12 and target of $17.78
Feb 17, 2017 08:27 am UTC| Technicals
XAG/USD is currently trading around $18.00 marks. It made intraday high at $18.07 and low at $17.98 levels. Intraday bias remains neutral till the time pair holds key resistance at $18.07 mark. A daily close...
FxWirePro: Swedish krona marginally higher against euro ahead of Sweden’s CPI data
Feb 17, 2017 07:44 am UTC| Technicals
EUR/SEK is currently trading around 9.4513 levels. It made intraday high at 9.4598 and low at 9.4427 levels. Intraday bias remains neutral for the moment. A sustained break above 9.4566 tests key resistances...
FxWirePro: AUD/NZD hovers around 1.07 handle, breakout above needed for further upside
Feb 17, 2017 07:22 am UTC| Technicals
AUD/NZD struggles to extend gains above 1.07, decisive breakout above needed for further upside. The pair has edged above 5-DMA and is up 0.36 percent on the day. Technical indicators still support upside, we do...
FxWirePro: USD/ZAR trades in narrow range, stay bearish
Feb 17, 2017 06:54 am UTC| Technicals
USD/ZAR is currently trading around 12.98 levels. It made intraday high at 13.01 and low at 12.97 levels. Intraday bias remains bearish for the moment. A daily close above 13.00 will take the parity...
FxWirePro:GBP/JPY struggles to break below 55- day EMA, good to buy on dips
Feb 17, 2017 06:35 am UTC| Technicals
Pattern formed Triple bottom (Near 141) Major resistance - 142.45 (trend line joining 144.78 and 144.69) Major Intraday support 141 (55- day EMA) GBP/JPY has once again declined after declining till 141.19...
FxWirePro: EUR/GBP breaks major 50-DMA resistance, bias higher
Feb 17, 2017 06:30 am UTC| Technicals
EUR/GBP has broken major resistance by 50-DMA at 0.8534 on Thursdays trade. The major had been capped between 20 200 day MAs. Data released on Tuesday showed Euro area December quarter GDP was revised down from...
FxWirePro: Gold trades higher on weak US dollar, good to buy on dips
Feb 17, 2017 06:09 am UTC| Technicals
Major support - $1216 (21- day EMA) Major resistance - $1245 (200- W MA) The yellow metal rose yesterday as the U.S dollar declined along U.S 10 year treasury bond yields. Gold hits the high of $1242.64...
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