
FxWirePro: Gold trades slightly weak on strong global stock market, good to sell on rallies
Jun 07, 2018 07:25 am UTC| Technicals
Gold prices trades in narrow range between $1289 and $1306.50 for the past nine trading session. Euro and global yields are trading higher yesterday on hopes that ECB would wind up stimulus program by end of the year. US...

FxWirePro: NZD/JPY struggles at 100-DMA, upside only on decisive break above
Jun 07, 2018 07:12 am UTC| Technicals
NZD/JPY edges higher from session lows at 77.28, bias remains bullish. The pair struggles to break strong resistance at 100-DMA, further upside only on decisive break above. Technical indicators support upside in...

FxWirePro: AUD/CAD pauses upside at cloud top, break above targets 61.8% Fib at 0.9979
Jun 07, 2018 06:58 am UTC| Technicals
AUD/CAD pauses upside at cloud top, trades 0.18% lower on the day, bias still bullish. The pair extends 200-DMA breakout. Break above daily cloud targets 61.8% Fib at 0.9979. Aussie bulls dented on Trade Balance...

FxWirePro: USD/CNY rejects key support at 6.3837 mark, bias remains bullish
Jun 07, 2018 06:44 am UTC| Technicals
USD/CNY is currently trading around 6.3927 marks. It made intraday high at 6.3938 and low at 6.3849 levels. Intraday bias remains bullish till the time pair holds key support at 6.3837 marks. A sustained...

FxWirePro: Nikkei trades higher on strong global cues, good to buy on dips
Jun 07, 2018 06:24 am UTC| Technicals
Asian markets rose sharply and hits 2-1/2 month high on account strong global cues and positive US markets. Euro hits 2- week high and global bond yields has shown a good jump on hopes that ECB would wind up stimulus...

FxWirePro: AUD/CHF struggles at major trendline resistance at 0.7570, upside only on break above
Jun 07, 2018 06:19 am UTC| Technicals
AUD/CHF capped below major trendline resistance at 0.7570, we see upside only on break above. The pair extends choppy trade around 200-DMA, break above 0.7570 to see further bullishness. Aussie bulls dented on...

FxWirePro: Copper bulls in control, price hits 5-month highs at 3.283, bias higher
Jun 07, 2018 05:49 am UTC| Technicals
Copper bulls remain in control, price hits 5-month highs at 3.283, bias higher. The pair is extending break at strong trendline resistance at 3.145. Price has edged above 200-DMA and daily cloud and we see scope...