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FxWirePro: NZD/JPY trades rangebound, bias lower, good to short break below 75.60

Apr 17, 2017 06:46 am UTC| Technicals

NZD/JPY consolidating break below 200-DMA in a major bear trend. 5-DMA currently at 76.10 weighs on the upside. The pair is extending grind lower along 5-DMA. We see strong support at 75.60, only break below will...

FxWirePro: USD/ZAR fails to fall below 13.30 mark, bias turns bullish again

Apr 17, 2017 06:23 am UTC| Technicals

USD/ZAR is currently trading around 13.42 levels. It made intraday high at 13.42 and low at 13.35 levels. Intraday bias remains bullish till the time pair holds key support at 13.32 marks. A daily close...

FxWirePro: EUR/JPY pares some losses to retake 115 handle, bias lower, stay short

Apr 17, 2017 06:04 am UTC| Technicals

EUR/JPY has pared some losses and edged off lows at 114.85 to retake 115 handle, bias lower. The pair has broken major trendline support at 115.70 and trades in a major bear trend. Momentum studies are heavily...

Gold: 161.8% fibo and Bearish divergence

Apr 17, 2017 06:00 am UTC| Technicals

Gold prices added to recent gains and hits fresh five month high at $1295 at the time of writing on rising geopolitical tension over North Korea. North Korea attempted to launch a missile on Sunday from Sinpo, a city...

FxWirePro: AUD/USD bulls test support at neckline of double top but bears in major trend still lingering at channel resistance, consolidation phase seems edgy

Apr 17, 2017 05:50 am UTC| Technicals

On daily charts, the pair forms top 1 at 0.7740 and top 2 at 0.7749 levels with the neckline at 0.7481 levels. Bulls test support at the neckline of the double top (refer daily chart, break above 21DMA to drag rallies...

FxWirePro: Indian rupee trades marginally higher against U.S. dollar ahead of India’s inflation data

Apr 17, 2017 05:43 am UTC| Technicals

USD/INR is currently trading around 64.42 marks. It made intraday high at 64.52 and low at 64.32 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.62 marks. Key resistances...

FxWirePro: USD/TWD exhibits range bound movement, faces strong support at 30.14

Apr 17, 2017 05:15 am UTC| Technicals

USD/TWD is currently trading around 30.33 marks. It made intraday high at 30.41 and low at 30.22 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.50 marks. A daily close...

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