FxWirePro: WTI crude shorting set-up – Forms double top, on verge of breaking neckline
Jul 05, 2016 06:58 am UTC| Technicals
Technical Glance: On thedaily chart, this energy commodity forms adouble top pattern (see rectangular area), and attempts to head towards neckline, the current prices well below DMAs, heading for next support at...
FxWirePro: South African rand weakens against US dollar, good to stay bullish above 14.75
Jul 05, 2016 06:16 am UTC| Technicals
USD/ZAR is currently trading around 14.64 levels. It made intraday high at 14.66 and low at 14.53 levels. Intraday bias remains bullish till the time pair holds key support at 14.45 marks. A daily close...
Gold forms bearish divergence in weekly chart, dip till $1305 is possible
Jul 05, 2016 05:38 am UTC| Technicals
Major resistance- $1358 (Jun 24th high) Major support - $1318 (3 WMA) Pattern Formed- Bearish Divergence (CCI (50) and RSI (14) in weekly chart) The yellow metal has formed a double top around $1358 and...
FxWirePro: AUD/JPY breaks major support at 77 level, good to sell on rallies
Jul 05, 2016 05:35 am UTC| Technicals
AUD/JPY has breached major trendline support at 77 levels and hit session lows of 76.51 after RBA stays on hold. RBA Board decided to leave the cash rate unchanged at 1.75 percent, as widely expected and said that...
Jul 05, 2016 05:13 am UTC| Technicals Commentary
RBA Board decided to leave the cash rate unchanged at 1.75 percent, as widely expected. In a statement released RBA Governor Glenn Stevens said that financial markets have been volatile as investors have re-priced...
FxWirePro: Silver remains highly volatile during early hours in Asia, hovers around $20.00 mark
Jul 05, 2016 05:07 am UTC| Technicals
XAG/USD is currently trading around $19.97 marks. It made intraday high at $20.43 and low at $19.46 levels. Intraday bias remains neutral for the moment. A sustained close above $20.05 tests key resistances...
FxWirePro: Kiwi ends five-day winning streak, tracks the Aussie lower, RBA decision in focus
Jul 05, 2016 04:24 am UTC| Technicals
NZD/USD has paused its five-day winning streak and edged lower on the day as Kiwi tracks its Oz counterpart lower. New Zealand June house prices rose at their fastest pace of the year, however, Kiwi has largely...
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