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FxWirePro: NZD/JPY finds minor support at 75.60, break below targets 78.6% Fib at 72.61

Apr 13, 2017 08:27 am UTC| Technicals

NZD/JPY trades in a major bear trend, breaks below 200-DMA. The pair is currently holding minor support at 75.60, break below will see resumption of downtrend. Bears then target 78.6% Fib retracement of 69.23 to...

FxWirePro: USD/ZAR trades in narrow range, bias remains neutral

Apr 13, 2017 08:22 am UTC| Technicals

USD/ZAR is currently trading around 13.48 levels. It made intraday high at 13.50 and low at 13.40 levels. Intraday bias remains neutral till the time pair holds key resistance at 13.82 marks. A daily...

FxWirePro: NZD/JPY hammer occurs exactly at sloping channel support to propel rallies, consolidation phase in major trend restrained below 38.2% fibos

Apr 13, 2017 08:20 am UTC| Technicals

China earlier today showed a sharp rise in trade surplus in March. On the back of this Chinese data, bulls of NZDJPY have managed to test the channel support at 75.626 levels (4H charts). As a result, hammer pattern...

FxWirePro: Sell DAX30 below 12040

Apr 13, 2017 07:52 am UTC| Technicals

Major support 12040 (trend line joining 11463 and 11849). The index has formed a temporary top around 12387 on Apr 3rd 2017 and declining from that level. DAX30 is facing trend line support at 12040 and any...

FxWirePro: AUD/CHF downside halts shy of 200-DMA, good to long on dips

Apr 13, 2017 07:32 am UTC| Technicals

AUD/CHF has bounced off from near 200-DMA which is major support on the downside. Technical indicators have turned bullish after break above 100-DMA at 0.7576. Bulls eye next major resistance at 0.7644 (50-DMA)....

FxWirePro: GBP/JPY takes support near trend line, good to buy on dips

Apr 13, 2017 07:09 am UTC| Technicals

Major support- 136.45 (trend line joining 138.84 and 137.75). The pair has taken support near trend line and jumped till 137.11. It is currently trading around 136.92. GBP/JPY shown a minor dip below 200- day MA...

FxWirePro: Silver rises gradually against U.S. dollar, sustained close above $18.56 requires for the upside rally

Apr 13, 2017 06:47 am UTC| Technicals

XAG/USD is currently trading around $18.48 marks. It made intraday high at $18.54 and low at $18.42 levels. Intraday bias remains bullish till the time pair holds key support at $18.22 mark. A daily close...

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