FxWirePro: USD/CNY trades in narrow range after China’s trade balance data
Jan 13, 2017 06:40 am UTC| Technicals
USD/CNY is currently trading around 6.9025 marks. It made intraday high at 6.9092 and low at 6.8889 levels. Intraday bias remains neutral for the moment. . A sustained close above 6.9365 marks will test key...
FxWirePro:Gold forms shooting star in daily chart, good to sell on rallies
Jan 13, 2017 05:59 am UTC| Technicals
Pattern formed Shooting Star Major resistance - $1217 (89- day EMA). Major support - $1170 (30- day EMA). The yellow metal breaks psychological level at $1200 for the first time since Nov. Gold has jumped...
Jan 13, 2017 05:52 am UTC| Technicals
A shooting star and gravestone doji patterns were traced in AUDUSD at 0.7497 levels respectively and bears slid below 7SMA ever since then after rejecting trendline resistance of 0.7504 levels, but showing strength at the...
FxWirePro: Copper holds 5-DMA support, bias higher
Jan 13, 2017 05:43 am UTC| Technicals
Copper is extending gains after breach of major trendline resistance at 2.570. Technical indicators have turned bullish, raising scope for upside. MACD has shown a bullish crossover on signal line, momentum is...
FxWirePro: AUD/USD finds stiff resistance at 0.75, further upside only on break above
Jan 13, 2017 05:21 am UTC| Technicals
Technical Analysis: AUD/USD retraces from 0.75 handle, is struggling to extend gains beyond. 0.75 is major resistance level - psychological and converged 100 and 200 day MAs. Only decisive break above could see...
FxWirePro: USD/INR remains well supported above 67.99 mark, good to buy on dips
Jan 13, 2017 05:17 am UTC| Technicals
USD/INR is currently trading around 68.26 marks. It made intraday high at 68.29 and low at 68.10 marks. Intraday bias remains bullish till the time pair holds key support at 67.99 marks. Key resistances are...
FxWirePro: South Korean won gains against major peers after BoK’s rate decision
Jan 13, 2017 03:46 am UTC| Technicals
USD/KRW is currently trading around 1,178 levels. Pair made intraday high at 1,180 and low at 1,176 marks. Intraday bias remains neutral till the time pair holds key resistance at 1186 levels. A daily close...
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