FTSE100 breaks above 7000, jump till 7300 likely
Dec 16, 2016 08:36 am UTC| Technicals
Major resistance 7000 (Nov 23rd high). Major support -6610 The index recovered sharply and has broken 7000 level after forming minor bottom at 6687. It is currently trading around 6999. On the higher side,...
FxWirePro: Prefer to go short on XAG/USD around $16.15 with stop loss at $16.22 and target of $15.87
Dec 16, 2016 07:56 am UTC| Technicals
XAG/USD is currently trading around $16.09 marks. It made intraday high at $16.12 and low at $15.87 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.22 levels. A daily...
FxWirePro: Gold upside limited by 5- day MA, good to sell on rallies
Dec 16, 2016 07:06 am UTC| Technicals
Gold continues its losing streak yesterday and breaks the low of $1138 made yesterday. The yellow metal declined till $1122 yesterday .It is currently trading around $1134. Gold has shown a slight jump but upside will...
Dec 16, 2016 06:59 am UTC| Technicals
On daily plotting, previous rallies have rejected again at the stiff resistance of 0.7241 levels. Shooting stars have been formed at 0.7173 and 0.7203 levels that evidence steep slumps, as a result, you could now...
FxWirePro: USD/ZAR fails to sustain above 14.00 mark, good to sell on rallies
Dec 16, 2016 06:25 am UTC| Technicals
USD/ZAR is currently trading around 13.93 levels. It made intraday high at 13.99 and low at 13.92 levels. ish till the time pair holds key resistance at 14.17 marks. A daily close above 14.02 will take...
FxWirePro: Bearish RSI divergence on EUR/JPY hourlies, good to go short on rallies
Dec 16, 2016 06:20 am UTC| Technicals
EUR/JPY faces major resistance at 124 levels which is converged trendlines. The pair was rejected at highs on Thursdays trade, we see spinning top formation at highs on daily charts. Hourly charts have shown...
FxWirePro: ASX200 struggles to close below 10- day MA, good to buy on dips
Dec 16, 2016 05:47 am UTC| Technicals
Major intraday support - 5515 ( 10-day MA) Major resistance - 5625 (Oct 11th 100- day MA). ASX200 recovers from the low of 5516 made at the time of writing till 5556. It is currently trading around 5547 0.07%...
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