FxWirePro: NZD/JPY capped below 50-DMA at 74.94, intraday bias higher, good to buy dips
May 31, 2016 06:14 am UTC| Technicals
Kiwi extends upside for a second consecutive session and jumps sharply higher, tracking strong gains seen in its OZ counterpart. NZD/JPY hit fresh monthly highs at 74.93, upside capped at 50-DMA currently at 74.94,...
May 31, 2016 05:56 am UTC| Technicals
After break out of resistance above 0.7209 (61.8% Fibos) and 7DMA levels, the prices now testing resistance at 0.7245 levels. While leading oscillators signal bullish momentum in these upswings. RSI is trending above 41...
FxWirePro: Go long on XAG/USD around $16.04 with stop loss at $15.88 and target of $16.32
May 31, 2016 05:54 am UTC| Technicals
XAG/USD is currently trading around $16.08 marks. It made intraday high at $16.13 and low at $15.95 levels. Intraday bias remains bullish till the time pair holds key support at $15.88 marks. A daily close...
FxWirePro: NZD/USD finds stiff resistance at 0.6738, good to buy breakout above
May 31, 2016 05:25 am UTC| Technicals
NZD/USD tracks Aussie higher amid improved risk sentiment, jumps +0.55% to hit fresh session highs of 0.6732. The pair finds stiff resistance at 0.6738 (trendline 4H 50-SMA), break above required for further...
FxWirePro: USD/INR steady around 67.15, intraday bias remains neutral
May 31, 2016 05:23 am UTC| Technicals
USD/INR is currently trading around 67.15. It made intraday high at 67.23 and low at 67.10 marks. Intraday bias remains neutral till the time pair holds key support at 67.01 marks. A daily close above 67.40...
FxWirePro: Gold struggles to close below $1200, good to buy at dips
May 31, 2016 05:22 am UTC| Technicals
Major support- $1190 (55 W EMA) The yellow metal has taken support at psychological support $1200 and jumped till $1214 at the time of writing. Golds major resistance around $1218.50 (100 day EMA) and any slight...
FxWirePro: AUD/JPY breaks major resistance at 80.23, on track to test 38.2% Fib at 81.31
May 31, 2016 04:44 am UTC| Technicals
AUD/JPY has broken major resistance levels trendline at 80.23 and 23.6% Fib at 80.11. The pair is currently trading at 80.53 after making highs of 80.69. Techs support further upside in the pair. We see scope for test...
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