FxWirePro: EUR/JPY bounces off 20-DMA support, could see test of 124 levels, stay long
Dec 28, 2016 06:54 am UTC| Technicals
EUR/JPY has shown a bounce off 20-DMA support, we see scope for further upside. Yen largely ignores upbeat Japan retail sales data, EUR/JPY trades 0.25 pct higher on the day. Market sentiment remains largely...
Dec 28, 2016 06:20 am UTC| Technicals
USDJPY bounced vigorously from the lows of 101.190 to the current 117.569 levels, this flurry of bullish streaks is during Feds announcement of rate hikes and forward guidance. The current prices have consistently been...
FxWirePro: NZD/USD extends recovery from multi-month lows, break of 5-DMA seen, good to buy dips
Dec 28, 2016 05:26 am UTC| Technicals
Kiwi remains supported amidst broadly weaker US dollar along with tumbling UST yields. NZD/USD in recovery mode from multi-month lows, breaks above 5-DMA which was capping upside. Bullish RSI divergence on daily...
Gold upside capped by 21- day MA, bullishness only above that level.
Dec 28, 2016 05:18 am UTC| Technicals
Gold jumped sharply till $1150.96 yesterday and started to fall from that level. The yellow metal formed a temporary bottom around $1122 and any further weakness only below that level. It is currently trading around...
FxWirePro: XAG/USD hovers around $16.00 mark, bias remains bullish
Dec 28, 2016 04:46 am UTC| Technicals
XAG/USD is currently trading around $16.01 marks. It made intraday high at $16.05 and low at $15.90 levels. Intraday bias remains bullish till the time pair holds key support at $15.66 levels. A daily close...
FxWirePro: AUD/CAD on track to test 200-DMA at 0.9833, good to buy on dips
Dec 28, 2016 04:41 am UTC| Technicals
AUD/CAD has broken above major trendline resistance at 0.9745. Technical indicators have turned bullish in the short term. RSI and Stochs have rolled over from oversold territory and MACD has shown a bullish...
FxWirePro: USD/SGD trades in narrow range, downside limited
Dec 28, 2016 02:50 am UTC| Technicals
USD/SGD is currently trading around 1.4484 marks. It made intraday high at 1.4504 and low at 1.4479 levels. Intraday bias remains neutral till the time pair holds key support at 1.4469 marks. A sustained...
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