FxWirePro: EUR/GBP slips below 0.85 handle, bias lower, good to sell rallies
Aug 31, 2016 08:31 am UTC| Technicals
EUR/GBP has broken below the 0.85 handle, intraday bias lower. Daily charts show a bearish 7-DMA crossover on 21-DMA. Techs indicate further downside, Stochs and RSI point south. 0.8460 is major trendline...
FxWirePro: USD/TRY remains well supported below 2.96, sustained break below 2.95 targets 2.9318
Aug 31, 2016 08:13 am UTC| Technicals
USD/TRY is currently trading at 2.9568 levels. It made intraday high at 2.9655 and low at 2.9552 levels. Intraday bias remains bearish till the time pair holds key resistance at 2.9672 marks. A sustained...
GBP/JPY faces trend line resistance at 135.25, break above targets 136.25/137.70
Aug 31, 2016 07:39 am UTC| Technicals
Major resistance- 135.25 (trend line joining 133.29 and 134.39). Major support- 134.30 (hourly Kijun-Sen). The pair has broken major resistance 134.45 (7 day EMA) yesterday and jumped till 135.20 at the time of...
FxWirePro: AUD/CAD extends range trade, hovers around 50-day MA
Aug 31, 2016 07:11 am UTC| Technicals
AUD/CAD hovers around 50-DMA currently at 0.9834. Momentum studies neutral for the day. Pair struggles to close below 50-DMA which is strong support on the downside. But long upper wicks on daily candles suggests...
FxWirePro: USD/CNY hovers around 6.68 mark, PBOC sets yuan mid-point at 6.6908
Aug 31, 2016 07:00 am UTC| Technicals
USD/CNY is currently trading around 6.6795 marks. It made intraday high at 6.6803 and low at 6.6751 levels. Intraday bias remains bullish till the time pair holds key support at 6.6670 marks. On the top...
Aug 31, 2016 06:34 am UTC| Technicals
Major Support 1.11380 (50- day MA). Major intraday resistance 1.11660 (trend line joining 1.12077 and 1.11922). The pair has been recovered slightly after breaking the 50- day MA yesterday. It has jumped till...
FxWirePro: AUD/USD finds support by 110-EMA at 0.7494, break below targets 0.7420
Aug 31, 2016 06:27 am UTC| Technicals
AUD/USD downside finds strong support by 110-EMA at 0.7494. Momentum studies are bearish, break below 0.7494 targets 0.7420. Daily price action has dipped into daily cloud. Recovery attempts were weak, pair...
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