
FxWirePro: GBP/USD trades in narrow range, markets eyes BOE
May 10, 2017 10:11 am UTC| Technicals
Cable shown a good jump after making a low of 1.29000 yesterday. The pair jumped till 1.29875 slightly above the high of 1.29835 made on May 5th 2017. It is currently trading around 1.29469. Market awaits BOE super...

May 10, 2017 09:31 am UTC| Technicals
Aussie edged higher post-China CPI data supporting AUD/NZD higher. Recovery in the pair was rejected at cloud base and the pair has slipped below trendline support at 1.0645. Bias remains lower, the pair is on...

May 10, 2017 08:20 am UTC| Technicals
USD/ZAR is currently trading around 13.54 levels. It made intraday high at 13.63 and low at 13.52 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.70 marks. A daily...

FxWirePro: EUR/USD trades lower on fed rate hike hopes, good to sell on rallies
May 10, 2017 07:30 am UTC| Technicals
Dollar surges broadly against all other pairs on increasing expectations of Fed rate hike in Jun. The pair declined till 1.08634 and jumped slightly from that level. Markets awaits ECB President Draghi speech at 1:00...

FxWirePro: GBP/AUD rangebound, caution ahead of BoE's Super Thursday
May 10, 2017 07:27 am UTC| Technicals
GBP/AUD is trading a narrow range, downside finds strong support at 1.7534 (5-DMA). Market focus on BoEs Super Thursday, investors wary to carry big bets heading into the key event risk. The pair is holding break...

FxWirePro: Prefer to go short on XAG/USD around $16.16 with stop loss at $16.32 and target of $15.80
May 10, 2017 06:59 am UTC| Technicals
XAG/USD is currently trading around $16.14 marks. It made intraday high at $16.19 and low at $16.12 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.29 mark. A daily close...

FxWirePro: 'Golden cross' in GBP/NZD, go long on breakout above trendline resistance at 1.8845
May 10, 2017 06:42 am UTC| Technicals
GBP/NZD has picked momentum and is extending upside from record lows at 1.6705 hit during November 2016. We have evidenced a Golden Cross formation (bullish 50-DMA crossover on 200-DMA) on the daily charts. The...