FxWirePro: AUD/CAD on track to test 50-DMA at 0.9885, good to go long on dips
Jan 13, 2017 08:23 am UTC| Technicals
AUD/CAD has broken above 200-DMA at 0.9820, intraday bias higher. Momentum still with the bulls. RSI in neutral territory, holds above 50 levels. MACD line has shown a bullish crossover over signal line, trend...
FxWirePro:Sell GBP/JPY on rallies
Jan 13, 2017 07:07 am UTC| Technicals
Major resistance 140.70 (89- H EMA) Major support 138.50 The pair breaks major pschycological support 140 and declined till 138.92 yesterday. GBP/JPY downside movement is intact as long as resistance 140.70...
FxWirePro: USD/ZAR recovers slightly from fresh 2-month low at 13.40, bias remains neutral
Jan 13, 2017 06:56 am UTC| Technicals
USD/ZAR is currently trading around 13.53 levels. It made intraday high at 13.55 and low at 13.49 levels. Intraday bias remains neutral for the moment. A daily close above 13.49 will take the parity...
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...
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