FxWirePro: EUR/NZD breaks major support at 1.5285, good to sell rallies
Sep 06, 2016 07:27 am UTC| Technicals
EUR/NZD has broken major trendline support at 1.5285, hits fresh 7-week lows. Momentum studies are heavily bearish, RSI is below 30 levels and Stochs are biased lower. The pair is trading below the 1.52 handle,...
FxWirePro: AUD/CAD holds major trendline support at 0.9790, weakness only on break below
Sep 06, 2016 06:53 am UTC| Technicals
AUD/CAD edges higher after taking major trendline support at 0.7390. RBA earlier today kept policy unchanged and the statement that followed had no implicit dovish bias. Demand for CAD remains well underpinned by...
FxWirePro: South African rand strengthens against U.S. dollar, faces major support at 14.17
Sep 06, 2016 06:44 am UTC| Technicals
USD/ZAR is currently trading around 14.36levels. It made intraday high at 14.40 and low at 14.34 levels. Intraday bias remains bearish till the time pair holds major resistance at 14.68 levels. A daily...
FxWirePro: GBP/JPY faces strong resistance at 138.85, good to buy on dips
Sep 06, 2016 06:35 am UTC| Technicals
Major resistance- 137.95 (trend line joining 138.83 and 138.32). Major support 137.50 (55- H EMA). The pair has taken support near 55- H EMA and jumped from the level. It is currently trading around...
FxWirePro: EUR/GBP trades a narrow range, 55-EMA at 0.8382 caps upside
Sep 06, 2016 06:04 am UTC| Technicals
EUR/GBP is trading a narrow range with a days high of 0.8383 and low of 0.8365. Price action has dipped into daily cloud, upside remains capped by 55-EMA at 0.8382 . Techs are bearish on both daily and weekly...
FxWirePro: EUR/SEK stabilises below 9.55 mark, good to sell on rallies
Sep 06, 2016 05:45 am UTC| Technicals
EUR/SEK is currently trading around 9.5425 levels. It made intraday high at 9.5494 and low at 9.5357 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.5610 marks. A daily...
Gold faces strong resistance at 21-day MA, break above targets $1342/$1348
Sep 06, 2016 05:42 am UTC| Technicals
Major resistance $1332 (21-day MA). Major support - $1321 (55- day EMA). The yellow metal has taken support near 90-day EMA and recovered sharply from the low of $1302.61. It is currently trading around...
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