FxWirePro: Go long on EUR/SEK around 9.35 with stop loss at 9.3450 and target of 9.3781
May 20, 2016 06:15 am UTC| Technicals
EUR/SEK is currently trading around 9.3532 levels. It made intraday high at 9.3602 and low at 9.3455 levels. Intraday bias remains bullish for the moment. A sustained break above 9.37 tests key resistances...
FxWirePro: Silver falls below $16.50, faces strong support at $16.31
May 20, 2016 05:52 am UTC| Technicals
XAG/USD is currently trading around $16.48 marks. It made intraday high at $16.54 and low at $16.41 levels. Intraday bias remains slightly bullish till the time pair holds key support at $16.41 marks. A...
May 20, 2016 05:44 am UTC| Technicals
This weeks price bounces have now tested and rejected resistance 21DMA levels (daily charts). Bears resume again on Shooting Star occurrence at resistance of 124.445, current prices tested support at 123.55 but still...
FxWirePro: Bullish Shark pattern on NZD/JPY dailies, break above 74.55 to target 75.50
May 20, 2016 05:31 am UTC| Technicals
Bullish Shark pattern evidenced on NZD/JPY dailies. Pair has edged higher from Potential Reversal Zone at 72.54. Upside struggles at major trendline resistance by 74.50. Break above to resume...
FxWirePro: Gold takes support at 55 day EMA, good to sell on rallies
May 20, 2016 05:29 am UTC| Technicals
Major support - $1242 (55 day EMA) Major resistance- $1260 Gold has take support near 55 day EMA and slightly recovered from that level. It is currently trading around $1253. Minor bullishness can be seen...
FxWirePro: EUR/GBP slips below 38.2% Fib, momentum bearish
May 20, 2016 04:50 am UTC| Technicals
Given higher odds of a Remain outcome in the EU Referendum (of 77%), GBP to remain buoyed near-term. Very strong retail sales data for April for the UK released on Thursday also to support the Pound. The ECB...
FxWirePro: USD/INR hovers around key support at 67.35, intraday bias remains neutral
May 20, 2016 04:41 am UTC| Technicals
USD/INR is currently trading around 67.34. It made intraday high at 67.50 and low at 67.3250 marks. Intraday bias remains neutral till the time pair holds key support at 67.12 marks. A daily close above...
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