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FxWirePro: Prefer to go short on XAG/USD around $16.15 with stop loss at $16.22 and target of $15.87

Dec 16, 2016 07:56 am UTC| Technicals

XAG/USD is currently trading around $16.09 marks. It made intraday high at $16.12 and low at $15.87 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.22 levels. A daily...

FxWirePro: Gold upside limited by 5- day MA, good to sell on rallies

Dec 16, 2016 07:06 am UTC| Technicals

Gold continues its losing streak yesterday and breaks the low of $1138 made yesterday. The yellow metal declined till $1122 yesterday .It is currently trading around $1134. Gold has shown a slight jump but upside will...

FxWirePro: NZD/USD forms back-to-back shooting stars; would it be black crows? – Stay short as price, volumes and open interests boost up bearish trend

Dec 16, 2016 06:59 am UTC| Technicals

On daily plotting, previous rallies have rejected again at the stiff resistance of 0.7241 levels. Shooting stars have been formed at 0.7173 and 0.7203 levels that evidence steep slumps, as a result, you could now...

FxWirePro: USD/ZAR fails to sustain above 14.00 mark, good to sell on rallies

Dec 16, 2016 06:25 am UTC| Technicals

USD/ZAR is currently trading around 13.93 levels. It made intraday high at 13.99 and low at 13.92 levels. ish till the time pair holds key resistance at 14.17 marks. A daily close above 14.02 will take...

FxWirePro: Bearish RSI divergence on EUR/JPY hourlies, good to go short on rallies

Dec 16, 2016 06:20 am UTC| Technicals

EUR/JPY faces major resistance at 124 levels which is converged trendlines. The pair was rejected at highs on Thursdays trade, we see spinning top formation at highs on daily charts. Hourly charts have shown...

FxWirePro: ASX200 struggles to close below 10- day MA, good to buy on dips

Dec 16, 2016 05:47 am UTC| Technicals

Major intraday support - 5515 ( 10-day MA) Major resistance - 5625 (Oct 11th 100- day MA). ASX200 recovers from the low of 5516 made at the time of writing till 5556. It is currently trading around 5547 0.07%...

FxWirePro: USD/CNY jumps above 6.94 mark, PBOC sets yuan mid-point at 6.9508

Dec 16, 2016 05:43 am UTC| Technicals

USD/CNY is currently trading around 6.9460 marks. It made intraday high at 6.9488 and low at 6.9409 levels. Intraday bias remains bullish till the time pair holds key support at 6.9026 mark. A sustained...

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