
FxWirePro: ASX200 struggles to break above 5300, good to sell on rallies
Jul 05, 2016 02:45 am UTC| Technicals
Major resistance - 5290 (200 4H MA) The index has declined sharply from the high of 5299. It is currently trading around 5227. Overall trend is weak as long as the resistance 5300 holds. The indexs major...

FxWirePro: Nikkei struggles to break above 15800, good to sell on rallies
Jul 05, 2016 02:29 am UTC| Technicals
Major Intraday support 15580 (4H Kijun-Sen) Major support -14770 (Feb 2nd 2016) Major Intraday resistance- 15787 (90 4H EMA) Nikkei225 has retreated after making a high of 15795.It is currently trading around...

FxWirePro: USD/JPY edges lower from session highs at 102.58, intraday bias lower
Jul 05, 2016 02:18 am UTC| Technicals
USD/JPY extends range trade for a second consecutive day, daily price action is slipping along a falling channel. Yen fails to benefit from a risk-on rally in the equity markets, USD/JPY edges lower from session highs...

Jul 05, 2016 02:09 am UTC| Technicals
AUD/NZD is trading around 1.0417 marks. Pair made intraday high at 1.0439 and low at 1.0411 marks. Short term bias remains neutral till the time pair holds key support at 1.0416 marks. On the top side, a...

FxWirePro: Singapore dollar erases previous gain against US dollar, bias turns to bullish
Jul 05, 2016 01:28 am UTC| Technicals
USD/SGD is currently trading around 1.3462 marks. It made intraday high at 1.3474 and low at 1.3447 levels. Intraday bias remains bullish till the time pair holds key support at 1.3410 levels. A daily close...

FxWirePro: Yen gains in early hours against US dollar, bias remains bearish
Jul 05, 2016 00:59 am UTC| Technicals
USD/JPY is currently trading around 102.36 marks. It made intraday high at 102.58 and low at 102.26 levels. Intraday bias remains bearish till the time pair holds key resistance at 103.39 marks. A daily...

Chart of the Day: Silver surfer
Jul 04, 2016 17:08 pm UTC| Commentary Technicals
Silver flew past $20/troy ounce area to trade as high as $21.17/troy ounce. We suspect a major shift in trend, especially in theprecious metals market. We have been bullish on Gold from $1060/troy ounce but was late in...