Nikkei225 faces strong resistance at 17000, good to buy at dips
May 17, 2016 03:13 am UTC| Technicals
Major resistance - 16985 (100 day EMA) Major support - 16425 (10 day EMA) Nikkei index has slightly recovered after making a low of 16404.It is currently trading around 16582. Short term trend is slightly...
FxWirePro: Singapore dollar strengthens against US dollar in early Asia, good to sell on rallies
May 17, 2016 02:43 am UTC| Technicals
USD/SGD is currently trading around 1.3668 marks. It made intraday high at 1.3697 and low at 1.3666 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3740. A sustained close...
FxWirePro: USD/JPY hovers around 109.00, intraday bias remains neutral
May 17, 2016 02:14 am UTC| Technicals
USD/JPY is currently trading around 109.04 marks. It made intraday high at 109.10 and low at 108.88 levels. Today Japan will release revised industrial production data at 0430 GMT. Intraday bias remains...
FxWirePro: South Korean won gains in early Asia, intraday bias remains bearish
May 17, 2016 01:52 am UTC| Technicals
USD/KRW is currently trading around 1172 levels. It made intraday high at 1175 and low at 1172 levels. Intraday bias remains bearish till the time pair holds key resistance at 1180 marks. A daily close above...
FxWirePro: Aussie almost flat against major peers ahead of RBA meeting minutes
May 17, 2016 01:12 am UTC| Technicals
AUD/NZD is trading around 1.0745 marks. Pair made intraday high at 1.0751 and low at 1.0726 marks. Intraday bias remains bullish till the time pair holds key support at 1.0704 marks. A daily close below...
FxWirePro: USD/CAD approaches 1.2890 levels, more downside expected
May 16, 2016 19:24 pm UTC| Technicals
Canadian dollar firmed against US dollar on Monday, as the pair declined after crude oil prices rose to hit six month high on worries about global supply outages. The intraday trend remains bearish for the pair as the...
FxWirePro: EUR/USD strongly bearish despite upside attempts
May 16, 2016 19:06 pm UTC| Technicals
EUR/USD pair advanced during early US session up to 1.1341, however it declined after sellers stepped in, as appetite riskier assets improved with the rise in oil prices. Further upside in this pair should be limited...
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