
FxWirePro: NZD/JPY holds major trendline support at 76 level, further weakness only on break below
Mar 22, 2018 09:25 am UTC| Technicals
NZD/JPY holds major trendline support at 76 levels and edges higher to close at 76.63 on Wednesdays trade. The pair has formed a spinning top formation at lows which raises scope for some upside. Technical...

FxWirePro: South African rand trades marginally higher, good to sell on rallies
Mar 22, 2018 08:21 am UTC| Technicals
USD/ZAR is currently trading around 11.78 levels. It made intraday high at 11.76 and low at 11.75 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 12.02 mark. A...

FxWirePro: AUD/CAD slips below 1.00 handle, eyes channel base at 0.9925, stay short
Mar 22, 2018 08:18 am UTC| Technicals
AUD/CAD breaks below 1.00 handle, extends weakness below 20-DMA. The pair is trading 0.28% lower on the day, extending downside for 6th consecutive session. The pair closed below 20-DMA support on Wednesdays...

FxWirePro: GBP/JPY faces strong resistance at 50- day MA, good to sell on rallies
Mar 22, 2018 07:15 am UTC| Technicals
GBP/JPY jumped almost more than 100 pips from the low of 148.95 made yesterday. The minor jump in the pair was mainly due to extreme bullishness of GBP after less hawkish US fed monetary policy. The pair hits high of...

FxWirePro: Gold trades higher after Fed meeting, good to buy on dips
Mar 22, 2018 06:55 am UTC| Technicals
Gold jumped almost $15 after US fed monetary policy. The yellow metal hits high of $1335 and shown a minor decline from that level. The main reason for jump is due to slight weakness in US dollar. DXY has declined sharply...

FxWirePro: EUR/GBP holds above 0.87 handle, break below will see further weakness
Mar 22, 2018 06:54 am UTC| Technicals
EUR/GBP downside pauses at 0.87 handle. The pair pared losses from session lows at 0.8707 to close at 0.8724 on Wednesdays trade. The major is trading in a narrow range as markets await EZ PMIs along with UK retail...

Mar 22, 2018 06:47 am UTC| Technicals
USDJPY attempts of rallies are restrained below 21-DMAs, the pair that is in bearish mood formed shooting star at 106.410 and 106.564 levels to signal weakness. Thereby, bears have managed to hamper previous bullish...