Jan 23, 2017 08:57 am UTC| Technicals
The gold price has constantly been dragging the rallies above 7DMA (refer daily charts) ever since it tested thesupport at 23.6% Fibonacci levels on weekly plotting to the current 1213 levels (refer weekly...
FxWirePro: NZD/USD struggles at major trendline resistance at 0.7225, bias higher
Jan 23, 2017 08:52 am UTC| Technicals
Fundamental Factors: Trumps failure to deliver something concrete in respect to economic reforms in his inauguration speech weighs on USD. SPs last week affirmed New Zealands AA foreign currency rating and AA+...
FxWirePro: XAG/USD remains well supported above $17.00 mark, upside limited
Jan 23, 2017 08:22 am UTC| Technicals
XAG/USD is currently trading around $17.09 marks. It made intraday high at $17.23 and low at $17.03 levels. Intraday bias remains neutral for the moment. A daily close above $17.05 will test key resistances...
FxWirePro:EUR/USD forms Bearish Cypher pattern, good to sell on rallies
Jan 23, 2017 07:31 am UTC| Technicals
Potential Reversal Zone (PRZ) - Bearish cypher pattern Major resistance- 1.07620 The pair broken major resistance at 1.07196 high made on Jan 17th 2017 and jumped till 1.07548 at the time of writing. It is...
FxWirePro: USD/CNY hovers around 6.85 mark, PBOC sets yuan mid-point at 6.8572
Jan 23, 2017 07:01 am UTC| Technicals
USD/CNY is currently trading around 6.8511 marks. It made intraday high at 6.8764 and low at 6.8333 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8728 marks will test key...
FxWirePro: USD/ZAR falls below 13.50 mark, sustained close below targets 13.16 mark
Jan 23, 2017 06:42 am UTC| Technicals
USD/ZAR is currently trading around 13.48 levels. It made intraday high at 13.65 and low at 13.47 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 13.62 mark. A...
FxWirePro: EUR/CAD on track to test 100-DMA at 1.4387, good to go long on dips
Jan 23, 2017 06:26 am UTC| Technicals
EUR/CAD bias bullish after breakout above 50-DMA at 1.4123 on Jan 19th trade. The pair is on track to test 100-DMA at 1.4387, bullish invalidation only on close below 50-DMA. Technical studies support upside in...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects