FxWirePro: AUDUSD intraday upside momentum strong after oil prices rally
May 11, 2016 14:02 pm UTC| Technicals
The AUD/USD inched higher on Wednesday, as commodity currencies strengthened across the board after oil prices rose sharply towards $45 per barrel. The pair hit high at 0.7380, after finding buying interest around...
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
May 11, 2016 13:14 pm UTC| Technicals
GBP/USD pair declined on Wednesday as fresh sell off resumed on Wednesday as Pound lost ground against US dollar after data showed British factory output recorded its biggest annual fall in nearly three...
May 11, 2016 12:33 pm UTC| Technicals
Candlestick pattern formed- Shooting Star Potential reversal Zone (PRZ) -2.1485 GBP/NZD recovered from the low of 2.1147 at the time of writing. It is currently trading around 2.1246. Short term trend is...
May 11, 2016 12:26 pm UTC| Technicals
Please be noted that the WTI crude oil taking supports at 43.17 levels from last couple of days. For now, the commodity has been well above 21DMAs especially after the formation of Dragon fly doji on monthly. WTI...
FxWirePro: CHF/JPY faces strong resistance at 112.50, good to sell on rallies
May 11, 2016 10:53 am UTC| Technicals
Major Resistance- 112.50 (21 day MA) The pair has made a high of 112.50 and declined from that level. It is currently trading around 111.54. Short term trend is bearish as long as resistance 112.50 (21 day MA)...
FxWirePro: DAX faces resistance at 21 day MA, good to sell on rallies
May 11, 2016 09:19 am UTC| Technicals
Major resistance- 10125 (21 day MA) Major support 9950 (55 day EMA) DAX has made a high of 10110 yesterday and declined till 9970 at the time of writing. It is currently trading around 9985. Minor trend is...
FxWirePro: EUR/SEK fails to sustain above key resistance at 9.2916, intraday bias remains bearish
May 11, 2016 08:13 am UTC| Technicals
EUR/SEK is currently trading around 9.2877 levels. It made intraday high at 9.2895 and low at 9.2654 levels. Intraday bias remains bearish for the moment. A daily close below 9.2612 will tests key supports...
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