FxWirePro:CAD/JPY faces strong support at 78, good to buy on dips
Sep 02, 2016 07:13 am UTC| Technicals
Majorresistance-79.60(trendlinejoining85.51and83.81) Majorsupport-78(21dayMA) CAD/JPYhasslightlyrecoveredfromthelowof78.60.Itiscurrentlytradingaround79.06. Thepairshouldbreakabove79.60forfurtherjumptill8
FxWirePro: USD/TRY jumps above 2.96 mark, consistent break above targets 2.9977
Sep 02, 2016 07:03 am UTC| Technicals
USD/TRY is currently trading at 2.9631 levels. It made intraday high at 2.9655 and low at 2.9586 levels. Intraday bias remains bullish till the time pair holds key support at 2.9481 marks. A sustained close...
FxWirePro: EUR/JPY extends gains above 55-EMA, intraday bias higher, focus on EZ PPI data
Sep 02, 2016 06:34 am UTC| Technicals
EUR/JPY has broken major trendline resistance and is extending gains above 55-EMA at 115.44. Momentum studies are bullish, Stochs and RSI are biased higher. Dovish comments from BOJs board member Sakurai weighing...
Sep 02, 2016 06:17 am UTC| Technicals
Dragonfly Doji is formed at 135.840 levels on monthly charts to form a bottom. Hammer pattern is formed at 130.840 levels on daily charts to form thebottom. Consequently, from thelast couple of days, the pair has...
FxWirePro: USD/CNY stabilises above 6.67 mark, PBOC sets yuan mid-point at 6.6727
Sep 02, 2016 06:14 am UTC| Technicals
USD/CNY is currently trading around 6.6780 marks. It made intraday high at 6.6795 and low at 6.6713 levels. Intraday bias remains bullish till the time pair holds key support at 6.6670 marks. On the top...
FxWirePro: Gold faces strong support at $1302, good to sell on rallies
Sep 02, 2016 06:08 am UTC| Technicals
Major resistance- $1321 (9-day EMA). Major support- $1302.50 (90 day EMA). The yellow metal has taken support near 90-day EMA and slightly jumped till $1316.50 at the time of writing. It is currently trading...
FxWirePro: EUR/GBP downside capped by 55-EMA at 0.8383, further weakness only on break below
Sep 02, 2016 06:05 am UTC| Technicals
EUR/GBP stalled its corrective slide near 55-EMA support by 0.8383. Trades rangebound on the day as markets await UK construction PMI data. The pair bounced off lows at 0.8387 on Thursdays trade and is currently...
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