FxWirePro: Copper breaks major resistance at 2.570, good to go long on dips
Jan 11, 2017 06:49 am UTC| Technicals
Copper has broken above major trendline resistance at 2.570, bias higher. Technical indicators have turned bullish, scope for upside rises. MACD has shown a bullish crossover on signal line, momentum is...
FxWirePro: USD/CNY exhibits range bound movement, PBOC sets yuan mid-point at 6.9235
Jan 11, 2017 06:30 am UTC| Technicals
USD/CNY is currently trading around 6.9223 marks. It made intraday high at 6.9281 and low at 6.9177 levels. Intraday bias remains neutral for the moment. . A sustained close above 6.9179 marks will test key...
FxWirePro: AUD/NZD breaks above 100-DMA, bias higher, good to go long on dips
Jan 11, 2017 06:21 am UTC| Technicals
Technical Analysis: AUD/NZD has broken major resistance levels - Major trendline (1.0470) and 100-DMA (1.0485). Upside bias builds in the pair, momentum studies are bullish, trend is higher. Next major resistance...
Gold breaks major resistance at $1188, slight jump till $1204 is possible
Jan 11, 2017 05:57 am UTC| Technicals
Major resistance - $1188 Major support - $1170 (30- day EMA) The yellow metal has broken the high made on Dec 5th 2016 and jumped slightly till $1190.70 level. It is currently trading around $1188.Gold is trading...
FxWirePro: NZD/USD halts upside, 'Death Cross' formation raises scope for downside
Jan 11, 2017 05:37 am UTC| Technicals
Technical Analysis: NZD/USD reverses a dip to 0.6971, rebounds in Asia, retakes 0.70 handle. Death Cross (50-DMA and 200-DMA) evidenced on daily charts, raises scope for downside. The pair has slipped below 5-DMA...
FxWirePro: USD/INR remains well supported above 68.00 mark, good to buy on dips
Jan 11, 2017 05:31 am UTC| Technicals
USD/INR is currently trading around 68.27 marks. It made intraday high at 68.36 and low at 68.22 marks. Intraday bias remains bearish till the time pair holds key resistance at 68.32 marks. Key resistances...
Jan 11, 2017 05:26 am UTC| Technicals
The gold price has been dragging the rallies from yesterdays close at 1187.50 to the current 1188.04 levels (refer daily plotting). On weekly terms, after a test of support at around 23.6% Fibonacci retracement, the...
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