FxWirePro: AUD/CAD holds 200-DMA support, weakness only on break below
Dec 02, 2016 13:06 pm UTC| Technicals
AUD/CAD has edged higher from session lows at 0.9852 to currently trade around 0.9872 levels. The pair has taken major support by 200-DMA at 0.9841. We see weakness only on break below. Technical studies are...
Dec 02, 2016 12:43 pm UTC| Technicals
The greenback has renewed selling interest after jumping till 1.01730 level. The temporary top formed this week at 1.0245 will be acting as major resistance and any further bullishness can be seen only above that...
Dec 02, 2016 11:09 am UTC| Technicals
The interim bulls are performing well from the recent past, upswings from the lows of 1.2205 are now drifting in sideways (see weekly and daily plotting), on the contrary, the major downtrend still remains intact (see...
EUR/USD trades in narrow range, further movement only after U.S NFP
Dec 02, 2016 10:46 am UTC| Technicals
Major resistance 1.07015 (23.6% retracement of 1.12994 and 1.05180) Major support 1.0550 The pair jumped sharply till 1.06896 and slightly declined from that level. It is currently trading around 1.06450. Market...
FxWirePro:USD/CHF forms temporary top at 1.0205, good to sell on rallies
Dec 02, 2016 09:38 am UTC| Technicals
The greenback has renewed selling interest after jumping till 1.01730 level. The temporary top formed this week at 1.0245 will be acting as major resistance and any further bullishness can be seen only above that...
Dec 02, 2016 08:50 am UTC| Technicals
Dollar index retreats from multi-year highs at 102.05. Momentum has turned bearish. Technical indicators are biased lower. We see scope for test of 100.35 (20-DMA). Violation there could see next major...
FxWirePro: Silver erases earlier gain, falls below $16.60 mark
Dec 02, 2016 08:36 am UTC| Technicals
XAG/USD is currently trading around $16.51 marks. It made intraday high at $16.66 and low at $16.48 levels. Intraday bias remains neutral till the time pair holds immediate support at $16.48 marks. A daily...
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