FxWirePro: GBP/JPY downside capped by 38.2% fibo, good to sell on rallies
Sep 08, 2016 06:55 am UTC| Technicals
Major support 135.09 (38.2% retracement of 138.83 and 129.06). Major resistance 137.10 (10-day MA). GBP/JPY has broken major support at 135.80 and declined till 135.39 yesterday. It is currently trading around...
FxWirePro: EUR/SEK hits fresh 7-day low at 9.4806, consistent break below targets 9.4637
Sep 08, 2016 06:12 am UTC| Technicals
EUR/SEK is currently trading around 9.4882 levels. It made intraday high at 9.4900 and low at 9.4806 levels. Intraday bias remains bullish till the time pair holds key support at 9.4806 marks. A daily close...
FxWirePro: EUR/JPY supported at 20-DMA ahead of ECB, bias lower
Sep 08, 2016 05:50 am UTC| Technicals
EUR/JPY halts downside from 55-EMA, holds 20-DMA support at 114.05. Intraday bias is lower, Stoch and RSI biased south. Price action below daily cloud. ECB rate decision due later today along with Draghis presser...
FxWirePro: Gold struggles to break above $1358, good to buy on dips
Sep 08, 2016 05:47 am UTC| Technicals
Major support $1331 (21-day MA). Major support - $1358 The yellow metal has once again slightly retreated till $1341 at the time of writing after making a high of $1352 yesterday. It is currently trading around...
FxWirePro: USD/ZAR fails to drop below 13.90 mark, good to buy on dips
Sep 08, 2016 05:21 am UTC| Technicals
USD/ZAR is currently trading around 14.01 levels. It made intraday high at 14.03 and low at 13.93 levels. Intraday bias remains slightly bullish till the time pair holds major support at 13.90 levels. A...
FxWirePro: EUR/GBP finds strong support at 0.84 (cloud top), focus on ECB policy meet
Sep 08, 2016 05:10 am UTC| Technicals
EUR/GBP has bounced off from major trendline support on Sept 6th trade. We have evidenced formation of successive spinning top and Doji on daily charts at lows which shows fading downside momentum. European...
FxWirePro: USD/INR opens marginally higher at 66.50, faces key resistance at 66.82
Sep 08, 2016 04:38 am UTC| Technicals
USD/INR is currently trading around 66.47 marks. It made intraday high at 66.54 and low at 66.43 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.82 marks. Key...
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