FxWirePro: EUR/AUD holds above 50-DMA, eyes trendline at 1.50
Aug 23, 2017 07:25 am UTC| Technicals
EUR/AUD retraced dip below 50-DMA in last weeks trade and has since held above. Technical indicators are slightly bullish. RSI and stochs are biased higher and 5-DMA has turned. The pair has broken above daily...
FxWirePro: GBP/JPY upside capped by 7- day MA, good to sell on rallies
Aug 23, 2017 07:05 am UTC| Technicals
GBPJPY has shown a minor recovery after showing a minor dip below 140 level. The pair upside capped by 7day MA and any minor bullishness can be seen above that level. Intraday trend is still weak as long as resistance...
FxWirePro: AUD/NZD breaks major resistance at 1.0890, bias higher, stay long
Aug 23, 2017 06:50 am UTC| Technicals
AUD/NZD has broken major trendline resistance at 1.0890 on the weekly charts, bias still higher. Kiwi dented after New Zealand Treasurys bearish GDP forecasts, supports further upside in the pair. Treasury...
FxWirePro: USD/INR remains well supported above 64.00 mark, bias remains neutral
Aug 23, 2017 06:46 am UTC| Technicals
USD/INR is currently trading around 64.10 marks. It made intraday high at 64.11 and low at 64.01 marks. Intraday bias remains neutral till the time pair holds key support at 64.00 marks. Key resistances are...
FxWirePro: Gold eyes Jackson Hole speeches for further direction, good to stay away
Aug 23, 2017 06:01 am UTC| Technicals
Gold failed to breakout above psychological level at $1300 and consolidating in narrow range between $1280 and $1293 for the past two trading session. The yellow metal is waiting for Jackson Hole speeches for hints of U.S...
Aug 23, 2017 05:40 am UTC| Technicals
EUR/NZD up 0.51% on the day, trading at 1.6241 at around 0530 GMT. The pair resumed upside after brief correction and is currently hovering around major trendline resistance at 1.6240. We see further upside on...
FxWirePro: NZD/USD breaks major support at 0.7250, good to go short on rallies
Aug 23, 2017 05:07 am UTC| Technicals
NZD/USD broke major trendline support at 0.7250 on bearish New Zealand GDP forecasts. Treasury expects the RBNZ to kick-off tightening in mid-2018. The Treasury also sees a smaller surplus in 2019-21 on lower...
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