FxWirePro: GBP/JPY faces strong support at 159, good to sell on rallies
May 23, 2016 05:47 am UTC| Technicals
Major resistance- 162.30 (21 day W MA) Major support 157.85 (21 day MA) The pair has made a high of 161.65 on Friday and started to decline from that level. It is currently trading at 159.49. On the lower...
FxWirePro: USD/INR breaks key support at 67.37, downside limited
May 23, 2016 05:11 am UTC| Technicals
USD/INR is currently trading around 67.3275. It made intraday high at 67.43 and low at 67.26 marks. Intraday bias remains neutral till the time pair holds key resistance at 67.55 marks. In addition, a daily...
FxWirePro: Gold faces resistance at 21 day MA, good to sell on rallies
May 23, 2016 05:06 am UTC| Technicals
Major support - $1244 (55 day EMA) Major resistance- $1266 (21 day MA) Gold has take made a high of $1260 on Friday and slightly retreated from that level.. It is currently trading around $1254. Minor...
FxWirePro: USD/JPY slips below 110 handle, intraday bias lower, good to sell rallies
May 23, 2016 05:04 am UTC| Technicals
Nikkei Japanese manufacturing PMI reading combined with poor domestic exports/imports data helped USD/JPY hit session highs at 110.23. Japan all industry activity index (mom) registered at 0.1%, below expectations...
May 23, 2016 04:59 am UTC| Technicals
A Shooting star pattern is traced out exactly at 1.0749 levels while breaking supports at 1.0750 levels. The current prices have consistently slid below DMAs and they are slipping through 7DMA. Watch out for more...
FxWirePro: USD/SGD fails to sustain above key resistance 1.3828, good to sell on rallies
May 23, 2016 04:51 am UTC| Technicals
USD/SGD is currently trading around 1.3780 marks. It made intraday high at 1.3820 and low at 1.3772 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels. A sustained...
FxWirePro: NZD/USD holds cloud support, targets 50-DMA at 0.6832, good to buy dips
May 23, 2016 04:01 am UTC| Technicals
NZD/USD is extending recovery from 2-month lows at 0.6709 hit on 19th May and is attempting to retake the 0.68 handle. The pair has broken above 510 DMAs and is on track to test 50-DMA at 0.6832. Intraday...
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