
FxWirePro: USD/CHF struggles to break above temporary top at 1.03435, good to sell on rallies
Dec 29, 2016 10:05 am UTC| Technicals
Major resistance 1.03435 (Dec 15th 2016 high) Major support 1.02179 (22nd Dec 2016 low) USD/CHF has once again retreated after jumping till 1.03212. The pair should break above temporary top of 1.03435 for...

Dec 29, 2016 09:15 am UTC| Technicals
On daily charts, price dips may extend up to next strong support of 1.2101 upon bearish convergence on DMAs (7DMA crosses below 21DMA which is a bearish convergence). The current prices remain well below 7EMAs, the...

FxWirePro: Watchout for AUD/USD close above 5-DMA at 0.7185 for upside potential
Dec 29, 2016 09:04 am UTC| Technicals
Technical Analysis: - AUD/USD has paused downtrend from 0.75 levels (Dec 14). - The pair is extending sideways along major trendline support at 0.7160. - Multiple rejections seen at trendline support (0.7160),...

GBP/JPY trades well below 21- day EMA, targets 140
Dec 29, 2016 07:31 am UTC| Technicals
Major intraday resistance 143.50 (21- day EMA) The pair shown a slight jump after hitting low of 142.77 at the time of writing. GBP/JPY broken the support of 142.77 and declined till 142.55 at the writing.It is...

FxWirePro: NZD/CAD struggles at 20-DMA, decisive close above to drive further gains
Dec 29, 2016 07:11 am UTC| Technicals
Technical Analysis: - NZD/CAD has broken major trendline resistance at 0.9350, but failed to close above 20-DMA on Wednesdays trade. - Stochs and RSI have rolled over from oversold and are biased higher. - MACD...

Dec 29, 2016 06:49 am UTC| Technicals
Please be noted that this is an attempt of correlating the daily price behavior with theweekly trend. On daily terms, the current prices slide below DMAs after shooting star formation at 86.933 levels. AUDJPY bears...

Gold and US 10 year –bond yield (Slight jump in Gold till $1170 is possible)
Dec 29, 2016 06:23 am UTC| Technicals
Major resistance $1153 (21- day EMA). Gold jumped sharply from the low of $1136 and jumped till $1149.78 at the time of writing. The yellow metal is showing slight jump on account of decline in U.S 10 year treasury...