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...
FxWirePro: Indian rupee gains against US dollar, intraday bias remains bearish
May 17, 2016 05:48 am UTC| Technicals
USD/INR is currently trading around 66.70. It made intraday high at 66.84 and low at 66.67 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.91 marks. A daily close below...
FxWirePro: Gold faces strong support at $1270, good to buy at dips
May 17, 2016 05:21 am UTC| Technicals
Major support - $1270 (10 day EMA) The yellow metal has once again retreated after making a high of $1288. Gold has made a low of $1273 today at the time of writing and slightly recovered in Asian Session It is...
FxWirePro: NZD/USD deflates from 0.6840 levels on RBNZ inflation expectations
May 17, 2016 05:20 am UTC| Technicals
NZD/USD sold-off following the release of New Zealands RBNZ Q2 inflation expectations gauge. Kiwi bulls unimpressed by a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1.63%...
FxWirePro: Go long on XAG/USD at $17.22 with stop loss at $17.09 and target of $17.46
May 17, 2016 05:01 am UTC| Technicals
XAG/USD is currently trading around $17.24 marks. It made intraday high at $17.25 and low at $17.08 levels. Intraday bias remains bullish till the time pair holds key support at $17.09 marks. On the top...
FxWirePro: EUR/AUD supported above daily cloud, weakness only on break below
May 17, 2016 04:58 am UTC| Technicals
EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes which saw markets push out rate cut bets. The pair saw steep slumpfrom 1.5537 levels to hit session lows at 1.5366, but pared some losses to currently edge...
FxWirePro: Gold hovers around $1280, good to buy on dips
May 17, 2016 04:34 am UTC| Technicals
XAU/USD is currently trading around $1279 mark. It made intraday high at $1280 and low at $1273 levels. Intraday bias remains bullish till the time pair holds immediate support at $1270 marks. A daily close...
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