FxWirePro: EUR/SEK fails to sustain above 9.35, intraday bias remains neutral
May 17, 2016 07:37 am UTC| Technicals
EUR/SEK is currently trading around 9.3472 levels. It made intraday high at 9.3534 and low at 9.3339 levels. Intraday bias remains neutral for the moment. A sustained break above 9.35 tests key resistances...
FTSE100 faces major resistance at 6210, break above targets 6350
May 17, 2016 07:17 am UTC| Technicals
Major support 6140 Major resistance 6210 (200 day MA) FTSE100 has recovered after making a low of 6060 yesterday. It is currently trading around 6183 Minor bullishness can happen only if it breaks above...
FxWirePro: USD/JPY holds above 5-DMA, stay long
May 17, 2016 07:06 am UTC| Technicals
Risk-on back in the markets, Nikkei regained momentum and settled above 1% for today. USD/JPY trading near session highs at 109.36, momentum higher. Japan industry performance beats estimates, however yen remained...
FxWirePro: USD/CAD trades lower on higher oil price, good to sell on rallies
May 17, 2016 07:04 am UTC| Technicals
Loonie has raised above Friday high of 1.29572 and declined from that level yesterday . Overall yesterday trend was very weak on account of better than expected existing home sales data of Canada and stronger crude oil...
FxWirePro: NZD/JPY edges lower from session highs at 74.51, bias higher
May 17, 2016 06:28 am UTC| Technicals
Risk sentiment weakens amid mixed Asian markets, yen strengthens weighing on NZD/JPY. Also, Kiwi bulls shrug off a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1.63%...
FxWirePro: USD/CNY hovers around 6.52, a sustain break above targets 6.55
May 17, 2016 06:20 am UTC| Technicals
USD/CNY is currently trading around 6.5203 marks. It made intraday high at 6.5238 and low at 6.5184 levels. Intraday bias remains bullish till the time pair holds key support at 6.4910 levels. A daily close...
May 17, 2016 05:56 am UTC| Technicals
Current price pattern whipsaws on 21DMA at pivot levels of 156.853. We dont think the prevailing price bounces sustain major resistance to reach even major resistance at 161.702 and 162.702 levels. Earlier also...
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