
FxWirePro: EUR/GBP upside struggles at 20-DMA, focus on eurozone sentiment and German CPI data
Jul 28, 2016 07:28 am UTC| Technicals
Better sentiment around the single currency has supported upside in EUR/GBP. The pair has hit session highs at 0.8415, but struggles to extend gains. 20-DMA currently at 0.8411 has been limiting upside in the...

Jul 28, 2016 06:54 am UTC| Technicals
During this months rallies of AUDJPY bears have managed to pull back from the highs of 76.842 (strong resistance at 76.842 on thedaily chart). After last months highly volatile spinning top followed by this months...

FxWirePro: China's yuan rises to 3-week high against USD dollar after stronger fixing
Jul 28, 2016 06:54 am UTC| Technicals
USD/CNY is currently trading around 6.6612 marks. It made intraday high at 6.6700 and low at 6.6525 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.6805 marks. On the top...

FxWirePro: GBP/JPY faces trend line resistance at 139.30, good to sell on rallies
Jul 28, 2016 06:21 am UTC| Technicals
Major resistance- 139.30 (trend line joining 142.39 and 139.90). The pair has recovered sharply after making a low of 135.96. It is currently trading around 137.90. Short term trend is slightly bearish as long as...

FxWirePro: USD/ZAR hits fresh weekly low at 14.18, bias remains bearish
Jul 28, 2016 06:18 am UTC| Technicals
USD/ZAR is currently trading around 14.20 levels. It made intraday high at 14.26 and low at 14.18 levels. Intraday bias remains bearish for the moment. A daily close above 14.36 will take the parity higher...

Gold trades slightly well above 21 day MA, jump till $1360 likely
Jul 28, 2016 05:35 am UTC| Technicals
Major resistance - $1338 (21 day MA) The yellow metal has made a high of $1342 yesterday after breaking short term resistance $1325 (200 HMA). It is currently trading around $1339. Any short term weakness can be...

Gold trades slightly well above 21 day MA, jump till $1360 likely
Jul 28, 2016 05:30 am UTC| Technicals
Major resistance - $1338 (21 day MA). The yellow metal has made a high of $1342 yesterday after breaking short term resistance $1325 (200 HMA). It is currently trading around $1339. Any short term weakness can be...