
FxWirePro: XAG/USD hovers around $17.00 mark, bias remains neutral
Nov 22, 2017 08:38 am UTC| Technicals
XAG/USD is currently trading around $16.98 marks. It made intraday high at $17.01 and low at $16.91 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.03 mark. A daily close...

FxWirePro: USD/ZAR trades in narrow range, South Africa’s CPI data in focus
Nov 22, 2017 07:51 am UTC| Technicals
USD/ZAR is currently trading around 13.97 levels. It made intraday high at 13.99 and low at 13.96 levels. Intraday bias remains neutral till the time pair holds key support at 13.94 mark. A daily close...

Nov 22, 2017 07:40 am UTC| Technicals
Chart pattern formed- Rising wedge pattern (on weekly plotting) and bearish engulfing candlestick pattern (on daily plotting). Contemplating and synthesizing these chart and candlestick patterns, coupled with the fact...

FxWirePro: AUD/NZD struggles at major trendline support at 1.1075, good to go short on break below
Nov 22, 2017 06:25 am UTC| Technicals
AUD/NZD struggles to break major trendline support at 1.1075, bias neutral. Bearish divergence on RSI and Stochs keeps scope for downside. Break below 1.1075 raises scope for weakness. Next immediate support lies...

FxWirePro: USD/CNY remains well supported below 6.62 mark, PBOC sets yuan mid-point at 6.6290
Nov 22, 2017 06:19 am UTC| Technicals
USD/CNY is currently trading around 6.6141 marks. It made intraday high at 6.6326 and low at 6.6135 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.6405 mark. A sustained...

FxWirePro: Gold trades flat, market eyes US Fed minutes for further direction
Nov 22, 2017 06:08 am UTC| Technicals
Gold has shown a minor jump till $1284 after a massive selling on Nov 20th 2017 on account of slight weakness in US dollar and Europe political uncertainty. The yellow metal declined almost $20 from the previous week high...

FxWirePro: EUR/JPY finds strong support at 100-DMA at 131.28, break below to see further weakness
Nov 22, 2017 05:47 am UTC| Technicals
German political developments keep downside pressure on the single currency. Euro dented further by dovish comments by the ECB President Mario Draghi. EUR/JPY down 0.15% on the day, trade around 131.76 after...