FxWirePro: USD/CAD faces strong support at 200- day MA, good to buy on dips
Oct 13, 2016 06:33 am UTC| Technicals
Major Resistance- 1.3320 (trend line joining 1.32481 and 1.32809). Major support 1.3198 (200- day MA). Loonie has taken support near 200 day MA and started to jump from that level. The pair jumped till 1.32950...
Oct 13, 2016 06:26 am UTC| Technicals
Thedollar has begun the trading weeks extended gains after the rejection of todays highs of 1.1037 levels, and the pair rejects the resistance at 1.1279 levels (it has tested resistance several times in the recent...
FxWirePro: Prefer to go short on XAG/USD around $17.62 with stop loss at $17.82 and target of $17.42
Oct 13, 2016 06:15 am UTC| Technicals
XAG/USD is currently trading around $17.60 marks. It made intraday high at $17.65 and low at $17.43 levels. Intraday bias remains bearish till the time pair holds immediate resistance at $17.82 marks. A...
FxWirePro: Buy Gold above $1262
Oct 13, 2016 05:42 am UTC| Technicals
Major Resistance- $1262.30 (200- day MA) Major support - $1241 (Oct 6th low) The yellow metal formed a temporary bottom around $1250 and is struggling to break below that level. It is currently trading around...
FxWirePro: USD/INR rejects key resistance at 66.87, good to sell on rallies
Oct 13, 2016 05:30 am UTC| Technicals
USD/INR is currently trading around 66.77 marks. It made intraday high at 66.80 and low at 66.71 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.87 marks. Key...
FxWirePro: AUD/USD recovers slightly from fresh 3-week lows at 0.7518, bias lower, stay short
Oct 13, 2016 05:28 am UTC| Technicals
AUD/USD knocked-down to fresh multi-week lows closer towards 0.75 handle. The pair consolidating near three-week troughs, as markets continue to weigh worse-than-expected China trade data. Momentum studies...
Oct 13, 2016 04:38 am UTC| Technicals
Data released earlier today showed that Chinas trade data disappointed in September. Chinas trade balance for September, in yuan terms, came in at 278.4bn CNY vs 300bn expected and 346bn last. Exports came much...
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