FxWirePro: EUR/USD faces strong support at 1.05800, good to sell on rallies
Feb 13, 2017 09:47 am UTC| Technicals
Major resistance 1.07600 (21- W EMA) Major Support 1.05800 EUR/USD has formed a bottom around 1.06075 in the previous week and jumped slightly from that level. It is currently trading around 1.06439. On...

FxWirePro: EUR/NOK hovers around 8.91 mark, good to sell on rallies
Feb 13, 2017 08:04 am UTC| Technicals
EUR/NOK is currently trading at 8.9082 levels. It made intraday high at 8.9248 and low at 8.8984 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 8.9272 marks. A...

FxWirePro: GBP/JPY Long term outlook (Bullish)
Feb 13, 2017 07:14 am UTC| Technicals
Reason for Long term trend reversal: The pair is trading well above 200- day MA for the two consecutive days Trades well above short term trend line support. Trades slightly above 21- day EMA and 55- day...

FxWirePro: USD/ZAR trades in narrow range, bias remains slightly bullish
Feb 13, 2017 06:38 am UTC| Technicals
USD/ZAR is currently trading around 13.37 levels. It made intraday high at 13.40 and low at 13.31 levels. Intraday bias remains slightly bullish for the moment. A daily close above 13.31 will take the...

FxWirePro: Gold faces strong support 21- W EMA, good to sell on rallies
Feb 13, 2017 06:30 am UTC| Technicals
Major support - $1216-$1218 (21- W EMA 100- day EMA) Major resistance - $1245 (200- W MA) The yellow metal has taken support near 100 day EMA and jumped slightly from that level. Gold has fallen almost $16 on...

FxWirePro: USD/CNY back above 6.88 mark, PBOC sets yuan mid point at 6.8898
Feb 13, 2017 05:40 am UTC| Technicals
USD/CNY is currently trading around 6.8830 marks. It made intraday high at 6.8883 and low at 6.8774 levels. Intraday bias remains bullish for the moment. A sustained close above 6.8774 marks will test key...

Feb 13, 2017 05:35 am UTC| Technicals
The double top pattern has occurred on monthly plotting with top 1 at 1.5831, top 2 at 1.6585 and neckline at 1.3812 levels, the current prices slid below EMAs again, the next major trend direction is dependent on a...