FxWirePro: South African rand falls against US dollar ahead of CPI data
May 18, 2016 07:00 am UTC| Technicals
Pair is currently trading at 15.72 marks. It made intraday high at 15.75 and low at 15.52 levels. Intraday bias remains bullish till the time pair holds key support level at 15.37 levels. A daily close above...
FxWirePro: EUR/GBP rangebound ahead of EZ inflation data, momentum studies bearish
May 18, 2016 06:38 am UTC| Technicals
EUR/GBP trades a tight range on the day, with days highs at 0.7831 and lows at 0.7813. Single currency remains under pressure ahead of the Euro zone CPI data, with markets expecting the core figures to soften in...
FxWirePro: Reiteration of staying short in NZD/USD as bears manage to break channel support
May 18, 2016 06:37 am UTC| Technicals
We advised shorts upon breach of channel support on 6th of this month, it has also managed to break below rising channel support earlier last week. Since then, bears have shown their effects after breaching below, price...
FxWirePro: Gold fails to sustain above $1280, FOMC meeting minutes in focus
May 18, 2016 06:28 am UTC| Technicals
XAU/USD is currently trading around $1273 mark. It made intraday high at $1281 and low at $1273 levels. Intraday bias remains bearish for the moment. A daily close above $1278 will take the parity up towards...
USD/CHF breaks major resistance 0.9800, jump till 0.9920/1.000 is possible
May 18, 2016 06:18 am UTC| Technicals
Major resistance- 0.9800 Major support 0.9745 (10 day EMA) USD/CHF has broken major resistance at 0.9800 on revived hopes of Fed rate hike. It is currently trading around 0.9825. Short term trend is...
FxWirePro: Gold trades lower on revived rate hike expectations, good to sell on rallies
May 18, 2016 05:54 am UTC| Technicals
Gold has slightly retreated after making high of $1282 on revived rate hopes expectations. Atlanta Fed President Dennis Lockhart said on Tuesday that he still assumes there will be two to three rate hikes and Dallas...
FxWirePro: AUD/CAD holds major support at 0.9418, good to go short on breaks below
May 18, 2016 05:42 am UTC| Technicals
AUD/CAD trades with a downward bias. Momentum studies on dailies are bearish. The pair is currently holding above strong trendline support at 0.9418, weakness to resume on breaks below. Next strong support aligns...
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