
FxWirePro: Crude oil trades weak on rising US shale oil production, good to sell on rallies
Feb 13, 2018 10:26 am UTC| Technicals
Major Support - $57.60 (100- day MA). US oil took support near 100- day MA and shown a mild recovery above $60 level. The commodity jumped till $60.80 yesterday. The main reason for declining crude oil prices was due...

FxWirePro: USD/CHF breaks 10- day MA, good to sell on rallies
Feb 13, 2018 09:07 am UTC| Technicals
USD/CHF is trading weak for third consecutive days and broken 0.93480 (10- day MA) and declined till 0.93353 at the time of writing. The pair formed a minor top around 0.9470 and further bullishness only above that level....

FxWirePro: NZD/USD capped at 20-DMA at 0.73, good to go long on break above
Feb 13, 2018 08:57 am UTC| Technicals
NZD/USD up 0.44% on the day, trades around 0.7294 at the time of writing. The major is extending upside for 3rd consecutive session after bouncing off 55-EMA. Upside remains capped at 20-DMA at 0.7307, break...

FxWirePro: EUR/NOK trades in narrow range, upside limited
Feb 13, 2018 08:04 am UTC| Technicals
EUR/NOK is currently trading at 9.7110 levels. It made intraday high at 9.7326 and low at 9.7085 levels. Intraday bias remains bearish for the moment. A sustained break below 9.7251 will test key supports at...

FxWirePro: AUD/CHF hovers around 'Wedge Base' support, further weakness only on break below
Feb 13, 2018 07:55 am UTC| Technicals
AUD/CHF is trading in a rising Wedge pattern on weekly charts and price action is currently hovering around Wedge base. The pair is struggling to break below Wedge Base support at 0.7350. We see weakness only on break...

FxWirePro: Buy EUR/USD above 1.2330
Feb 13, 2018 07:29 am UTC| Technicals
EUR/USD continuing its bullishness for the second consecutive days. The pair broken psychological level of 1.2300 and jumped till 1.23250 at the time of writing. The pair jumps from the fresh 2- week low after a good...

FxWirePro: XAG/USD jumps above $16.60 mark, faces strong resistance at $16.72 mark
Feb 13, 2018 07:18 am UTC| Technicals
XAG/USD is currently trading around $16.60 marks. It made intraday high at $16.63 and low at $16.50 levels. Intraday bias remains bullish till the time pair holds key support at $16.52 mark. A daily close...