FxWirePro: DAX30 takes support at 200- HMA, good to sell on rallies
Aug 19, 2016 09:32 am UTC| Technicals
Major intraday support 10490 (200 HMA). The index has declined till 10497 at the time of writing and is currently trading around 10515. In the hourly chart,DAX is facing strong resistance at 10650 (100 H MA).Any...
FxWirePro: GBP/USD forms bullish MA crossover, good to buy on dips
Aug 19, 2016 07:52 am UTC| Technicals
Major resistance 1.3185 Cable clocked a fresh two -week at 1.31853 at the time of writing after better than expected UK economic data. The pair has formed bullish MA crossover in the daily chart 5 day MA and 10-...
FxWirePro: GBP/JPY upside by 23.6% retracement, good to sell on rallies
Aug 19, 2016 07:20 am UTC| Technicals
Major resistance 132.40 (23.6% retracement of 143.23 and 129.06). The pair has recovered sharply till 132.25 after making a low of 130.01 at the time of writing. It is currently trading around 131.68. Cable...
FxWirePro: EUR/JPY trades a narrow range, 20-DMA at 113.85 caps upside
Aug 19, 2016 06:56 am UTC| Technicals
EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug. On the day EUR/JPY extends narrow range trade, the single currency showed muted reaction to the negative German PPI data released...
FxWirePro: NZD/CAD holds 50-day MA support at 0.9274, weakness only on break below
Aug 19, 2016 06:27 am UTC| Technicals
NZD/CAD rejected at 0.9276, finds major support by 50-day MA at 0.9274. We see weakness only on break below 50-DMA, pair could then test next major support at 0.9083 (July 21 low). On the upside we see major...
FxWirePro: Gold struggles to close above $1358, good to buy on dips
Aug 19, 2016 05:54 am UTC| Technicals
Major resistance - $1358. Major support - $1343 (200 MA). The yellow metal has slightly declined till $1345 yesterday from the high of $1355.96.It is currently trading at $1350.Gold has declined slightly...
Aug 19, 2016 05:45 am UTC| Technicals
Declining price behavior is going in falling wedge pattern. Bears have managed to break below 61.8% Fibos, slumps likely to extend through falling wedge baseline (see weekly chart). It is fine to have some rally...
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