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FxWirePro:EUR/USD faces strong support at 1.05790, good to sell on rallies

Feb 14, 2017 08:44 am UTC| Technicals

Major intraday resistance 1.0680 (55- day EMA) Major support 1.05800 EUR/USD recovered slightly after making a low of 1.05880 level. The pair is facing strong support at 1.05790 low formed on Jan 16th...

FxWirePro: Buy GBP/JPY above 142.60

Feb 14, 2017 08:01 am UTC| Technicals

Major resistance - 142.60 (trend line joining 144.73 and 144.13) Major Intraday support 141.75- 141.90 (200- 4H MA and trend line joining 138.53 and 141.01). GBP/JPY continued its winning streak for past five...

FxWirePro: Prefer to go long on XAG/USD around $17.80 with stop loss at $17.72 and target of $17.98

Feb 14, 2017 07:53 am UTC| Technicals

XAG/USD is currently trading around $17.82 marks. It made intraday high at $17.87 and low at $17.78 levels. Intraday bias remains neutral till the time pair holds key support at $17.72 mark. A daily close...

FxWirePro: EUR/GBP trades in narrow range, focus on UK CPI data

Feb 14, 2017 07:34 am UTC| Technicals

EUR/GBP rangebound in the European session as markets await crucial inflation data due ahead. The pair is hovering around key support by 200-DMA at 0.8444. Violation there could see test of 0.83 (Dec 5...

FxWirePro: USD/ZAR hovers around key support at 13.20 mark, consistent close below targets 13.00

Feb 14, 2017 07:14 am UTC| Technicals

USD/ZAR is currently trading around 13.25 levels. It made intraday high at 13.32 and low at 13.24 levels. Intraday bias remains bearish for the moment. A daily close above 13.32 will take the parity...

FxWirePro: NZD/USD hovers around 38.2% Fib, on track to test 200-DMA at 0.7121

Feb 14, 2017 06:53 am UTC| Technicals

NZD/USD is extending consolidation phase after break below 20-DMA at 0.7237 on Feb 9th. The pair is extending downside in continuation of the Bearish Cypher Pattern. Technical indicators are biased lower, bearish...

FxWirePro: GBP/AUD bears keep check on EMAs in sloping channel, leverage shorts via one touch binaries as shooting star pops up at stiff resistance

Feb 14, 2017 06:52 am UTC| Technicals

GBPAUD rallies have consistently been restrained below EMAs on weekly plotting, dipping constantly through sloping channel, please observe every upswing is restrained below 21 7EMA. On 2H charts, shooting star appears...

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