FxWirePro: South African rand marginally higher against U.S. dollar, upside limited
Feb 22, 2017 08:20 am UTC| Technicals
USD/ZAR is currently trading around 13.08 levels. It made intraday high at 13.15 and low at 13.07 levels. Intraday bias remains neutral for the moment. A daily close above 13.12 will take the parity...
FxWirePro: AUD/NZD breaks above major resistance at 1.07 handle, bias higher, stay long
Feb 22, 2017 07:32 am UTC| Technicals
AUD/NZD has shown a decisive breakout above 1.07 handle, raises scope for further upside. Technical indicators on weekly and daily charts are highly bullish. Pair on track to test next resistance at...
FxWirePro:GBP/JPY trades slightly above 21- day EMA, jump till 144 likely
Feb 22, 2017 07:15 am UTC| Technicals
Major resistance 142.05 (trend line joining 144.78 and 142.80) Major support 139.40 (200- day MA) GBP/JPY has broken 21- day EMA at 141.50 and jumped till 142.03 from that level. Short term trend is slightly...
FxWirePro: USD/INR falls below 67.00 mark, good to sell on rallies
Feb 22, 2017 07:08 am UTC| Technicals
USD/INR is currently trading around 66.95 marks. It made intraday high at 66.98 and low at 66.87 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.05 marks. Key resistances...
FxWirePro: EUR/JPY hovers around 100-DMA, focus on inflation data
Feb 22, 2017 07:07 am UTC| Technicals
Falling Germany treasury yields amid increased safe-haven demand for the bunds, in wake of political concerns surrounding French elections likely to keep euro subdued. Further, expectations of deterioration in the...
FxWirePro: Gold faces strong support at 21- day EMA, good to sell on rallies
Feb 22, 2017 06:50 am UTC| Technicals
Major support - $1216 (21- day EMA) Major resistance - $1245 (200- W MA) The yellow metal has once again recovered after declining till $1226 yesterday. It is currently trading around $1234.18. U.S dollar...
FxWirePro: EUR/GBP slips below 200-DMA, good to go short on rallies
Feb 22, 2017 06:42 am UTC| Technicals
EUR/GBP trade which had been capped between 20 200 day MAs has shown a break below 200-DMA. Data last week showed Euro area December quarter GDP was revised down from the flash estimate of 0.5 percent to 0.4 percent...
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