FxWirePro: EURUSD struggles to break above 1.2000 level, good to sell on rallies
May 15, 2018 10:26 am UTC| Technicals
EURUSD pared most of its gain on yesterday. The pair hits high of 1.19960 and started to decline from that level. The pair declined almost 90 pips and is currently trading around 1.19220. German GDP data and ZEW economic...
FxWirePro: Turkish lira weakens to record low of 4.3980 against U.S. dollar, bias remains bullish
May 15, 2018 08:45 am UTC| Technicals
USD/TRY is currently trading at 4.3910 levels. It made intraday high at 4.3980 and low at 4.3476 levels. Intraday bias remains bullish till the time pair holds key support at 4.2201 levels. Key resistances...
May 15, 2018 08:38 am UTC| Technicals Insights & Views
We spotted out shooting star, gravestone doji and bearish engulfing patterns. These bearish patterns have occurred at peaks of rallies at 1.8408, 1.8412 and 1.8167 respectively and have evidenced considerable slumps in...
GBP/JPY faces strong resistance at 200- day MA, break above targets 151
May 15, 2018 08:11 am UTC| Technicals
GBP/JPY has taken support near trend line and shown a good jump of more than 200 pips form the low of 147.05. The pair jumped till 149.31 and is currently trading around 148.61. The pair is facing strong resistance at...
FxWirePro: Gold upside capped by 100- day MA, good to sell on rallies
May 15, 2018 07:24 am UTC| Technicals
Gold prices has declined more than $15 yesterday on account of easing geopolitical tensions and rising US dollar. US dollar recovered sharply against Euro after the pair fails to breaks above 1.2000 level. Trumps tweet on...
FxWirePro: South African rand trades marginally lower ahead of employment data, downside limited
May 15, 2018 07:19 am UTC| Technicals
USD/ZAR is currently trading around 12.37 levels. It made intraday high at 12.41 and low at 12.31 levels. Intraday bias remains bullish till the time pair holds key support at 12.17 mark. A daily close...
FxWirePro: Silver stabilizes below $16.50 mark, stay bearish
May 15, 2018 06:41 am UTC| Technicals
XAG/USD is currently trading around $16.44 marks. It made intraday high at $16.53 and low at $16.43 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.55 mark. A daily close...
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