FxWirePro: AUD/NZD on verge of breach of 'Symmetric Triangle' pattern, bias lower
Dec 26, 2016 07:21 am UTC| Technicals
AUD/NZD is trading a Symmetric triangle pattern. Bias lower. The pair finds series of resistance on the upside: Ichi cloud base (1.0501), 100-DMA (1.0501), Triangle top (1.0485). Price action pivotal at triangle...
FxWirePro:GBP/JPY trades well below 21-day MA, decline till 142.50 likely
Dec 26, 2016 06:43 am UTC| Technicals
Major resistance 144.65 (trend line joining 148.45 and 147.35) Major support 142.50 (21- day MA) GBP/JPY broken major support at 144.25 21- day MA and closed slightly well below that level on Friday. Any close...
Dec 26, 2016 06:32 am UTC| Technicals
AUD/CAD is extending range trade below 61.8% Fib at 0.9734. Bias lower as long as trendline resistance at 0.9740 holds. Price action in the pair remains below major moving averages. That said, momentum...
FxWirePro: AUD/USD finds strong support at 0.7145, break below could see further drag
Dec 26, 2016 06:03 am UTC| Technicals
AUD/USD edges higher from multi-month lows of 0.7159. Upside finds strong resistance by 5-DMA at 0.7215. Technical indicators are biased lower, RSI in oversold territory. The pair finds strong support at...
Gold trades in narrow range in Holiday Mood, good to stay away from market
Dec 26, 2016 05:34 am UTC| Technicals
Gold is trading in narrow range between $1122 and $1142 for the past four trading session on account of Christmas holidays. The yellow metal formed a minor top around $1142 and is currently trading around $1130. Gold...
FxWirePro: NZD/USD edges higher from fresh 6-month lows at 0.6862, capped below 5-DMA at 0.6897
Dec 26, 2016 05:11 am UTC| Technicals
NZD/USD attempts feeble recovery from fresh 6-month lows at 0.6862. The pair was rejected at 0.69 handle, retraces gains to currently trade around 0.6889. Overall momentum in the pair remains negative, upbeat...
FxWirePro: AUD/CHF breaks below 200-DMA support, stay short
Dec 26, 2016 04:20 am UTC| Technicals
AUD/CHF has broken below 200-DMA support at 0.7375. Momentum studies are bearish we see scope for further downside. Support levels - 0.7342 (Sept 30 low), 0.7277 (Aug 19 low), 0.7245 (trendline) Resistance...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects