FxWirePro: EUR/JPY holds major trendline support at 119.65, bias lower, good to short rallies
Feb 20, 2017 07:13 am UTC| Technicals
EUR attempting a tepid-bounce as markets await fresh cues from the sentiment on the European markets. German PPI above forecasts, focus now on German Bundesbank monthly report for further impetus amid a light,...
Feb 20, 2017 06:36 am UTC| Technicals
Amid theintermediate uptrend, gold prices have almost retraced up to 61.8% from the lows of 1046.54 to the recent highs of 1244.71 levels in the consolidation phase, currently struggling at 1233.31 levels. On 4H charts,...
FxWirePro: XAG/USD remains well supported below $18.00 mark, short term trend reversal likely
Feb 20, 2017 06:25 am UTC| Technicals
XAG/USD is currently trading around $17.92 marks. It made intraday high at $18.00 and low at $17.87 levels. Intraday bias remains bearish till the time pair holds key resistance at $18.12 mark. A daily close...
FxWirePro: NZD/JPY breaks below 50-DMA, good to go short on rallies
Feb 20, 2017 06:16 am UTC| Technicals
NZD/JPY weekly charts show weakness for the pair upto weekly 20-SMA at 79.66. Weekly 5-DMA at 81.91 is major resistance, break above invalidates bearish bias. On the daily charts, the pair is trading a narrow range...
FxWirePro: Gold faces strong resistance at 200 W MA, good to sell on rallies
Feb 20, 2017 06:10 am UTC| Technicals
Major support - $1216 (21- day EMA) Major resistance - $1245 (200- W MA) Pattern formed - Bearish divergence The yellow metal declined once again after raising till $1243.85 on Friday as the U.S dollar...
FxWirePro: USD/CNY remains well supported below 6.87 mark, sustained close above targets 6.8916
Feb 20, 2017 05:49 am UTC| Technicals
USD/CNY is currently trading around 6.8666 marks. It made intraday high at 6.87 and low at 6.8639 levels. Intraday bias remains neutral till the time pair holds key resistance at 6.8709 mark. A sustained...
FxWirePro: USD/JPY rangebound below 20-DMA at 113.27, intraday bias neutral
Feb 20, 2017 05:29 am UTC| Technicals
USD/JPY catches fresh bids after bearish gap down open after better-than-expected Japan trade data. The data released today showed a rise in the Japanese trade deficit to JPY 1,086.9 billion in January. However,...
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