FxWirePro: EUR/AUD hovers around multi-month lows, bias lower, stay short
Feb 08, 2017 08:52 am UTC| Technicals
ECBs Weidmann says ECB not at point where it can end expansionary policy. EUR/AUD capped below 5-DMA as Euro extends weakness. Heightened political uncertainty in the euro area keeps euro subdued, while AUD remains...
FxWirePro: USD/ZAR hovers around key resistance at 13.50, sustained close above targets 13.72
Feb 08, 2017 07:51 am UTC| Technicals
USD/ZAR is currently trading around 13.47 levels. It made intraday high at 13.50 and low at 13.41 levels. Intraday bias remains slightly bullish for the moment. A daily close above 13.50 will take the...
FxWirePro: AUD/CHF fails to close below 5-DMA, bias higher, stay long
Feb 08, 2017 07:16 am UTC| Technicals
AUD/CHF fails to close below 5-DMA, raising scope for upside. AUD buoyed after RBA held policy unchanged, said higher commodity prices have supported a rise in the trade surplus. The bank did state that the inflation...
FxWirePro:GBP/JPY forms Bullish Gartley Pattern, good to buy on dips
Feb 08, 2017 07:12 am UTC| Technicals
Harmonic pattern formed- Bullish Gartley pattern Potential Reversal Zone (PRZ) 136.45 The pair has declined sharply after forming temporary top around 144.78 on Jan 27th 2017 and started to decline from that...
FxWirePro: Indian rupee trades marginally higher against major peers ahead of RBI’s rate decision
Feb 08, 2017 06:55 am UTC| Technicals
USD/INR is currently trading around 67.30 marks. It made intraday high at 67.36 and low at 67.27 marks. Intraday bias remains neutral for the moment. Key resistances are seen at 67.36, 67.45, 67.66, 67.87,...
FxWirePro: 'Bearish Cypher' on NZD/USD, good to short close below 5-DMA at 0.7303
Feb 08, 2017 06:36 am UTC| Technicals
Bearish Cypher pattern evidenced on NZD/USD daily charts. The pair was rejected at major trendline resistance at 0.7375 on Tuesdays trade. Price action has slipped below 5-DMA, close below will add to bearish...
FxWirePro: Gold slightly above 100- day MA, slight jump till $1248 likely
Feb 08, 2017 06:13 am UTC| Technicals
Major support - $1220 (7- day EMA) Major resistance - $1248 (150- W MA) The yellow metal hits three month high yesterday on account of rising political uncertainty .Gold made a high of $1235.92 and mildly...
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