FxWirePro: Prefer to go short on XAG/USD around $18.76 with stop loss at $19.05 and target of $18.48
Aug 30, 2016 05:38 am UTC| Technicals
XAG/USD is currently trading around $18.73 marks. It made intraday high at $18.94 and low at $18.73 levels. Intraday bias remains bearish till the time pair holds key resistance at $19.05 levels. A daily...
FxWirePro: AUD/CAD struggles to close below 50-day MA, good to go long on dips
Aug 30, 2016 05:37 am UTC| Technicals
AUD/CAD finds major support by 50-DMA currently at 0.9830, pair struggles to close below. Momentum for the pair has turned bullish. RSI is at 50 and biased north. Stochs show bullish crossover from oversold...
FxWirePro: Gold recovers slightly from the low of $1314.75, good to sell on rallies
Aug 30, 2016 05:16 am UTC| Technicals
Major support- $1310. Major intraday resistance- $1325 (100- HMA). The yellow metal recovered slightly after a making a low of $1314.87 after hawkish Fed chairman statement on the rate hike. It is currently...
FxWirePro: AUD/JPY momentum turns bullish, go long for 77.65
Aug 30, 2016 05:08 am UTC| Technicals
AUD/JPY trades with a bullish bias. The pair has broken major trendline resistance on Monday. We have seen a break above 20-DMA on the day. Stochs have rolled over from oversold territory. RSI is biased...
FxWirePro: USD/INR hovers around key support at 67.05 mark, bias remains bearish
Aug 30, 2016 04:55 am UTC| Technicals
USD/INR is currently trading around 67.07 marks. It made intraday high at 67.16 and low at 67.07 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 67.28 marks. Key...
FxWirePro: USD/JPY edges back above 102 handle as UST yields regain bid tone
Aug 30, 2016 04:54 am UTC| Technicals
Skepticism rising in the markets ahead of NFP data while the PCE numbers overnight werent supportive of a hike as soon as Sept. US Treasury yields in the early Asian session fell to pre-Jackson Hole levels pulling...
Aug 30, 2016 04:19 am UTC| Technicals
According to data released earlier today, Australias building approvals showed an 11.3 percent m/m rise, beating forecasts for a gain of 1.2 percent. Aussie however, failed to benefit from the upbeat data, trades...
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