
Nov 22, 2016 10:04 am UTC| Technicals
Its been almost the6th week that the rallies are persisting and have gone above 7EMA levels, more upside potential is foreseen upon breach above 21DMA. After 5-6 consecutive weeks of price rallies, today slight bearish...

FxWirePro: EUR/NZD capped below 20-DMA, bias lower, good to short rallies
Nov 22, 2016 09:18 am UTC| Technicals
EUR/NZD remains capped below 20-DMA, intraday bias lower. Technicals support further downside in the pair, we see scope for test of 1.4848. Bearish reversal only above 20-DMA at 1.5148, test of 23.6% Fib at...

FxWirePro: Buy EUR/USD above 1.06650
Nov 22, 2016 08:37 am UTC| Technicals
Major resistance 1.0665 (trend line joining 1.08167 and 1.07456) Major support 1.0580 The pair has declined slightly after jumping till 1.06495 yesterday. It is currently trading around 1.06080. EUR/USD...

FxWirePro: USD/ZAR rejects key support at 14.16 mark, good to buy on dips
Nov 22, 2016 07:38 am UTC| Technicals
USD/ZAR is currently trading around 14.23 levels. It made intraday high at 14.25 and low at 14.16 levels. Intraday bias remains bullish till the time pair holds key support at 14.11 marks. A daily close...

FxWirePro: EUR/JPY extends gradual grind higher, weakness only on close below 5-DMA
Nov 22, 2016 07:38 am UTC| Technicals
EUR/JPY rejected at lows, holds above 5-DMA support at 117.32, we see weakness only on close below. Euro area consumer confidence for November due later in the day in focus for further direction. Our previous...

FxWirePro: USD/JPY reverses earthquake-led slide, retakes 111 handle, bias higher
Nov 22, 2016 07:18 am UTC| Technicals
USD/JPY slumped to session lows of 110.26 on news of a massive earthquake and the following tsunami warnings off Japans Pacific coast. The pair tested 5-day SMA at 110.36, but has since pared losses to retake the 111...

FxWirePro: Silver higher in early hours of Asia, stay bullish only above $16.87
Nov 22, 2016 06:40 am UTC| Technicals
XAG/USD is currently trading around $16.82 marks. It made intraday high at $16.86 and low at $16.49 levels. Intraday bias remains neutral till the time pair holds immediate resistance at $16.87 marks. A...