FxWirePro: Gold forms double top at 61.8% retracement
Nov 04, 2016 07:47 am UTC| Technicals
Pattern formed Double Top Major resistance- $1310 (61.8% retracement of $1352.57 and $1241.50) The yellow metal jumped sharply till $1307.99 on 2nd Nov 2016 on account of uncertainty over US elections and weak...
FxWirePro: NZD/CAD edges lower from record highs at 0.9832, bias higher, good to long dips
Nov 04, 2016 07:42 am UTC| Technicals
NZD/CAD hit record highs at 0.9832 on Thursday, has pared some gains to currently trade at 0.9805 levels. The pair finds major channel top resistance at 0.9835, break above could see further upside. RSI and...
FxWirePro: South African rand erases previous gain against U.S. dollar, bias turns bullish again
Nov 04, 2016 07:08 am UTC| Technicals
USD/ZAR is currently trading around 13.48 levels. It made intraday high at 13.49 and low at 13.41 levels. Intraday bias remains bullish for the moment. A daily close above 13.53 will take the parity...
FxWirePro: AUD/NZD rejected at highs, slips below 50-DMA, good to sell rallies
Nov 04, 2016 06:59 am UTC| Technicals
AUD/NZDs attempts recovery from 6-week lows, but upside lacks traction. Pair rejected at highs, slips below 50-DMA currently at 1.0501. Technical indicators on daily charts support downside in the pair. We...
Nov 04, 2016 06:03 am UTC| Technicals
The downswings break below support 103.237 and slid below DMAs (on verge of bearish crossover), after rejecting stiff resistances of 105.532 and 104.328 levels, failure swings have evidenced slumps to resume bears in...
FxWirePro: USD/JPY range bound, focus on US NFP data
Nov 04, 2016 05:59 am UTC| Technicals
USD/JPY has ended 3 consecutive sessions of losses and had edged higher on the day. The pair has held 50-DMA support at 102.84, break below likely to see drag upto 100.50 (trendline). Cautious tone prevalent in...
FxWirePro: USD/INR remains well supported above 66.50 mark, bias remains neutral
Nov 04, 2016 05:54 am UTC| Technicals
USD/INR is currently trading around 66.66 marks. It made intraday high at 66.71 and low at 66.61 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.83 marks. Key...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects