
Mar 29, 2017 06:57 am UTC| Technicals
The current price behavior of this pair has been sliding through falling wedge formation (refer daily chart). The current upswings struggle to go above 7DMAs, more dips likely upon bearish DMA crossover Ever since...

FxWirPro: GBP/USD decline sharply as U.K and EU divorce begins, good to sell on rallies
Mar 29, 2017 06:56 am UTC| Technicals
Cable declined drastically as Theresa May will invoke article 50 of the Lisbon treaty today at 11:00 GMT . The pair jumped till 1.26151 on 27th Mar 2017 and dipped sharply below 1.2500 level. GBP/USD has declined till...

FxWirePro: South African rand falls gradually against U.S. dollar, faces strong resistance at 13.15
Mar 29, 2017 06:45 am UTC| Technicals
USD/ZAR is currently trading around 13.07 levels. It made intraday high at 13.08 and low at 12.90 levels. Intraday bias remains bullish for the moment. A daily close above 12.99 will take the parity...

FxWirePro: AUD/USD keeps bid tone intact, close above daily cloud to support further upside
Mar 29, 2017 06:27 am UTC| Technicals
AUD/USD has bounced off major trendline support at 0.7585 on Tuesdays trade. The pair has retraced above 20-DMA and has broken above daily cloud. Technicals are still biased lower, only a decisive close above...

FxWirePro:Gold retreats slightly on account of strong U.S dollar , good to sell on rallies
Mar 29, 2017 05:57 am UTC| Technicals
Major resistance - $1260-$1264 (200- day MA and Feb 24th high). Major support - $1237. Gold jumped almost $7 yesterday and touched $1258 nearing its new one month high on account of weak U.S dollar and treasury...

Mar 29, 2017 05:45 am UTC| Technicals
USD/INR is currently trading around 64.91 marks. It made intraday high at 65.13 and low at 64.89 marks. Intraday bias remains bearish till the time pair holds key resistance at 65.22 marks. Key resistances...

FxWirePro: Taiwanese dollar exhibits range bound movement, bias remains neutral
Mar 29, 2017 04:57 am UTC| Technicals
USD/TWD is currently trading around 30.20 marks. It made intraday high at 30.26 and low at 30.12 marks. Intraday bias remains neutral for the moment. A daily close above 30.27 will drag the parity up towards...