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FxWirePro: CHF/JPY struggles to break above trend line resistance, good to sell on rallies

Jun 21, 2017 09:41 am UTC| Technicals

The pair has shown a huge jump from the low of 112.50 formed on Jun 14th 2017. The pair jumped till 114.66 near to trend line resistance and shown a minor dip from that level. It is currently trading around...

FxWirePro: EUR/AUD hovers around 50-DMA at 1.4729, close above could see further upside

Jun 21, 2017 09:36 am UTC| Technicals

EUR/AUD has held above 38.2% Fib support at 1.4615, weakness only on break below. Daily ichi cloud also offers strong support on the downside. The pair is extending rebound for 2nd consecutive day, intraday bias...

FxWirePro: NZD/JPY struggles to hold break above trendline, breaks below 5-DMA at 80.38

Jun 21, 2017 08:36 am UTC| Technicals

NZD/JPY has failed to hold break above trendline resistance at 80.42, has edged lower to currently trade at 80.29. The pair remains capped at 61.8% Fib of 83.80 to 75.62 fall at 80.68 and has broken below...

FxWirePro: GBP/JPY upside capped by 50- day MA, good to sell on rallies

Jun 21, 2017 08:34 am UTC| Technicals

GBP/JPY formed a minor top around 142.54 yesterday and declined sharply after BOE governor Carney dovish stance on rate hike. The pair declined till 140.58 yesterday and closed around 140.70. The pair continued its...

FxWirePro: Swedish krona marginally higher against euro after mixed economic data from Sweden

Jun 21, 2017 08:16 am UTC| Technicals

EUR/SEK is currently trading around 9.7724 levels. It made intraday high at 9.7862 and low at 9.7677 levels. Intraday bias remains neutral for the moment. A sustained close above 9.7778 tests key resistances...

FxWirePro: EUR/GBP bounces off 20-DMA, bearish divergence keeps scope for downside

Jun 21, 2017 07:14 am UTC| Technicals

EUR/GBP bounced off 20-DMA support at 0.8731 on Tuesdays trade, we see weakness only on break below. Upside has broken above 5-DMA at 0.8779 and the pair is currently trading at 0.8827. Technical indicators are...

FxWirePro: USD/ZAR trades in narrow range ahead of South Africa’s core inflation, PPI data

Jun 21, 2017 06:41 am UTC| Technicals

USD/ZAR is currently trading around 13.03 levels. It made intraday high at 13.08 and low at 13.02 levels. Intraday bias remains neutral for the moment. A daily close above 13.06 will take the parity...

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