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FxWirePro: AUD/NZD breaks triangle base, but holds 78.6% Fib support

Dec 30, 2016 08:55 am UTC| Technicals

AUD/NZD has broken below triangle base at 1.04 on Wednesdays trade. The pair is currently holding 78.6% Fib at 1.0350, we see weakness on break below. Technical studies are biased lower, any reversal can be seen...

FxWirePro: Buy EUR/USD above 1.05465

Dec 30, 2016 07:09 am UTC| Technicals

Major Intraday Resistance 1.05465 (Gann 3*1 line) Major support 1.0435 (200- H MA) The pair jumped sharply till 1.06530 from the low of 1.03722. EUR/USD has once again slipped from the high of 1.06530 level. It...

FxWirePro: NZD/USD edges lower from fresh weekly highs at 0.6978, bias higher

Dec 30, 2016 07:00 am UTC| Technicals

NZD/USD edges lower from fresh weekly highs at 0.6978, bias higher as long as pair holds 5-DMA support at 0.6925. The pair has retraced above 50% Fibo of 0.6347 to 0.7485 rally. Bullish RSI divergence on daily...

FxWirePro: USD/JPY recovers from dip just ahead of 116 handle, close below 20-DMA will confirm further weakness

Dec 30, 2016 06:23 am UTC| Technicals

Technical Analysis: - USD/JPY has recovered from session lows just shy of 116 handle. - The pair has held above 20-DMA at 116.30, close below will confirm further downside. - RSI and Stochs have rolled over from...

Gold trades higher on declining U.S 10-year bond yield, extremely bullish above $1170

Dec 30, 2016 06:02 am UTC| Technicals

Major resistance $1153 (21- day EMA). Gold broken major resistance at 21- day EMA and jumped till $1163 yesterday. The yellow metal is showing slight jump on account of decline in US dollar and U.S 10 year treasury...

FxWirePro: CAD/JPY interim bulls break falling wedge resistance on 4H but with bearish DMA crossover; expect rallies to extend but snap rallies for fresh shorts

Dec 30, 2016 05:35 am UTC| Technicals

Technical roundup: This would be puzzling for you when we synthesized 4H analysis with dailies. Whats buzzing on 4H chart: The current upswings attempt to break above 7SMAs and wedge resistance but struggling to...

FxWirePro: ASX200 faces strong support at 10- day MA, good to buy on dips

Dec 30, 2016 05:16 am UTC| Technicals

Major resistance 5797 (161.8% retracement of 5509 and 5043). Major support 5600 (10- day MA). ASX200 jumped till 5712 yesterday and slightly declined from that level. It is currently trading around...

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