FxWirePro: Gold faces strong resistance at $1358, good to buy on dips
Sep 07, 2016 06:00 am UTC| Technicals
Major resistance $1332 (21-day MA). Major support - $1321 (55- day EMA). The yellow metal has broken major resistance at $1332 (21- day MA) and jumped till $1352.61 at the time of writing. It is currently...
FxWirePro: EUR/GBP upside capped by 5-DMA at 0.8392, long break above
Sep 07, 2016 05:51 am UTC| Technicals
EUR/GBP halts downside, recovery attempts capped by 5-DMA at 0.8392. Successive spinning top and dragonfly Doji formation seen at lows suggest fading downside momentum. Major support levels - 0.8352 (Sept 5 low),...
FxWirePro: USD/JPY breaks below 20-DMA, good to go short on rallies
Sep 07, 2016 05:25 am UTC| Technicals
USD/JPY hit new 2-week lows at 101.20, bias lower. The pair is extending retrace from major trendline resistance below 61.8% Fib level. Techs support downside in the pair, we see clear Stochs rollover from...
FxWirePro: USD/TWD hits fresh 3-week low at 31.09 mark, bias remains neutral
Sep 07, 2016 05:21 am UTC| Technicals
USD/TWD is currently trading around 31.21 marks. It made intraday high at 31.29 and low at 31.09 marks. Intraday bias remains neutral till the time pair holds key support at 31.09 marks. A daily close above...
FxWirePro: NZD/USD hits fresh 16-month high, momentum bullish
Sep 07, 2016 04:51 am UTC| Technicals
Sharp rise in dairy prices at the Fonterra biweekly global dairy trade auction buoy Kiwi. NZD/USD recovered from 0.7397 levels to clock a fresh 16-month high of 0.7435. Momentum studies bullish, scope for further...
FxWirePro: Singapore dollar strengthens sharply against U.S. dollar, bias remains bearish
Sep 07, 2016 03:41 am UTC| Technicals
USD/SGD is currently trading around 1.34666 marks. It made intraday high at 1.3478 and low at 1.3443 levels. Intraday bias remains bearish till the time pair holds initial resistance at 1.3488 marks. A...
FxWirePro:ASX200 faces strong support at 100-day MA, good to buy on dips
Sep 07, 2016 03:08 am UTC| Technicals
Major resistance -5441 (55-day EMA). Major support - 5350. The index has slightly retreated after making a high of 5439 at the time of writing. It is currently trading around 5423. On the higher side,minor...
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