
Apr 30, 2018 08:35 am UTC| Technicals
XAG/USD is currently trading around $16.40 marks. It made intraday high at $16.52 and low at $16.37 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.52 mark. A daily close...

FxWirePro: Gold trades weak on strong US dollar, good to sell on rallies
Apr 30, 2018 07:06 am UTC| Technicals
Gold has shown a minor $10 jump on Fridays low of $1315.19 on account of slight profit booking in US dollar. The minor decline in US dollar index yesterday after hitting high of 91.99 and closed at 91.53. US 10 year yield...

FxWirePro: AUD/USD capped below 5-DMA at 0.7573, break above could see minor bullishness
Apr 30, 2018 06:56 am UTC| Technicals
AUD/USD retraced from fresh 4-month lows at 0.7531 on Fridays trade to close at 0.7580. The pair is trading in a narrow range on the day, making a days high of 0.7563 and a low of 0.7558. Technical studies are...

Apr 30, 2018 06:52 am UTC| Technicals
EURUSD forms back-to-back shooting star patterns at 1.2303, 1.2287, 1.2320, 1.2329 1.2285 levels and hanging man patterns at 1.2316 levels. The trend was oscillating between the stiff range of 1.2223 and 1.2545 levels but...

FxWirePro: AUD/CAD extends break below 200W SMA, eyes trendline at 0.9645, stay short
Apr 30, 2018 06:45 am UTC| Technicals
AUD/CAD pauses downside after break below 200W SMA at 0.9810, bias bearish. The pair is trading in a Symmetric Triangle pattern and we see scope for test of Triangle base at 0.9645. Technical indicators on weekly...

FxWirePro: USD/JPY finds strong support at 110-EMA at 108.94, weakness only on break below
Apr 30, 2018 06:00 am UTC| Technicals
USD/JPY comatose around 5-DMA at 109.14, hits session highs at 109.18 and lows at 109.02. Price action holds above 109 handle and finds strong support at 1H 110-EMA at 108.94. We see weakness only on break...

FxWirePro: Nikkei hits fresh 2-month high on positive global cues, good to buy on dips
Apr 30, 2018 05:56 am UTC| Technicals
Nikkei is continuing its fourth week of bullishness and shown a slight gap up opening. The index showing a good strength on account of yen weakness and strong earnings from US market. According to Factset, about 80% of the...