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FxWirePro: NZD/USD breaks below 200-DMA, hits fresh 5-month lows at 0.7161

Mar 21, 2018 10:03 am UTC| Technicals

NZD/USD has slipped below 200-DMA at 0.7183, intraday bias lower. Technical indicators support downside in the pair. RSI shows weakness below 50 levels and Stochs are biased lower. We see -ve DMI dominance and...

FxWirePro: USD/CAD trades slightly lower on strong crude oil price, good to sell on rallies

Mar 21, 2018 09:28 am UTC| Technicals

USDCAD has broken minor support 1.3050 and declined till 1.30100 at the time of writing. The pair has formed a temporary top around 1.31245 and dipped almost more than 100 pips from that level. The main reason for slight...

FxWirePro: GBP/AUD finds stiff resistance 1.8295, breakout could see further upside

Mar 21, 2018 09:23 am UTC| Technicals

GBP/AUD finds stiff resistance at 1.8295 (Wedge Top), breakout to propel the pair higher. Technical indicators are biased higher. RSI has edged above 70 levels and momentum studies are bullish. We see +ve DMI...

FxWirePro: Go long on XAG/USD around $16.25 with stop loss at $16.09 and target of $16.42

Mar 21, 2018 08:12 am UTC| Technicals

XAG/USD is currently trading around $16.26 marks. It made intraday high at $16.27 and low at $16.13 levels. Intraday bias remains slightly bullish till the time pair holds key support at $16.10 mark. A daily...

FxWirePro: USD/ZAR remains well supported below 12.00 mark, stay bearish only below 11.90 mark

Mar 21, 2018 07:33 am UTC| Technicals

USD/ZAR is currently trading around 11.93 levels. It made intraday high at 11.97 and low at 11.93 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 12.10 mark. A...

FxWirePro: GBP/JPY upside capped by 55- day EMA, good to sell on rallies

Mar 21, 2018 07:31 am UTC| Technicals

GBP/JPY declined from the high of 149.79 made yesterday. The minor weakness in the pair was mainly due to slightly weaker than expected UK CPI data. UK CPI data came at 2.7% YOY compared to forecast of 2.8% and core CPI...

FxWirePro: NZD/CAD capped at 78.6% Fib, stay short on close below 20-DMA at 0.9363

Mar 21, 2018 07:01 am UTC| Technicals

NZD/CAD is extending decline after upside was capped at 78.6% Fib at 0.9519. The pair is currently hovering around 20-DMA and we see further weakness on decisive close below. The pair is extending trade in a Cup...

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