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...
FxWirePro: EUR/GBP rangebound, focus on UK construction/manufacturing output and trade data
Jan 11, 2017 04:42 am UTC| Technicals
Technical Analysis: EUR/GBP rejected at 50% Fib of 0.9225 to 0.8304 fall at 0.8765. The pair is trading an extremely narrow range in the Asian session. Immediate support is seen at 5-DMA at 0.8626. Trend...
FxWirePro: XAG/USD hits fresh 4-week high at $16.89, upside limited
Jan 11, 2017 04:19 am UTC| Technicals
XAG/USD is currently trading around $16.77 marks. It made intraday high at $16.81 and low at $16.73 levels. Intraday bias remains neutral till the time pair holds key resistance at $16.89 levels. A daily...
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