
FxWirePro: EUR/USD trades in narrow range, break below 1.08500 confirms further weakness
May 11, 2017 09:41 am UTC| Technicals
EUR/USD has fallen till 1.08533 yesterday after upside rejection at 1.1020 (high made after French election result). It is currently trading around 1.08730. The pair minor upside is capped by 10- SMA and any minor...

FxWirePro: Silver remains well supported above $16.00 mark, stay bearish
May 11, 2017 07:57 am UTC| Technicals
XAG/USD is currently trading around $16.26 marks. It made intraday high at $16.27 and low at $16.14 levels. Intraday bias remains slightly bullish for the moment. A daily close above $16.17 will test key...

May 11, 2017 07:41 am UTC| Technicals Insights & Views
After strong support at 1.8660, bulls have managed to bounce back with sharp rallies with convincing volumes. As a result, the bullish engulfing pattern candle is traced out (refer 4H chart). Current price, for now, has...

FxWirePro: AUD/NZD spikes as dovish RBNZ weighs on kiwi, upside rejected at 20-DMA
May 11, 2017 07:32 am UTC| Technicals
NZD slumped across the board, emerges the worst performer on the day on RBNZs dovish stance. AUD/NZD spikes to hit weekly highs at 1.0777, but further gains likely only on break above 20-DMA. Upside likely...
FxWirePro: GBP/CHF trades higher on receding political risk in Europe, good to buy on dips
May 11, 2017 07:28 am UTC| Technicals
GBP/CHF is one of the top movers this week on account of easing political risks in Europe. The pair broken major resistance 1.2915 and jumped till 1.30688. The decisive break of 55- EMA confirms further bullishness as long...

FxWirePro: South African rand strengthens against U.S. dollar, stay bearish
May 11, 2017 07:10 am UTC| Technicals
USD/ZAR is currently trading around 13.43 levels. It made intraday high at 13.51 and low at 13.43 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.63 marks. A daily...

FxWirePro: AUD/CHF finds stiff resistance at 0.7157 (20-DMA), further upside only on break above
May 11, 2017 07:05 am UTC| Technicals
AUD/CHF was rejected at session lows at 0.7389, holds above 5-DMA support at 0.7388. The pair is extending bounce off strong trendline support at 0.7270. Technical indicators have turned bullish after break above...