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FxWirePro: 'Bearish Cypher' on NZD/USD, good to short close below 5-DMA at 0.7303

Feb 08, 2017 06:36 am UTC| Technicals

Bearish Cypher pattern evidenced on NZD/USD daily charts. The pair was rejected at major trendline resistance at 0.7375 on Tuesdays trade. Price action has slipped below 5-DMA, close below will add to bearish...

FxWirePro: Gold slightly above 100- day MA, slight jump till $1248 likely

Feb 08, 2017 06:13 am UTC| Technicals

Major support - $1220 (7- day EMA) Major resistance - $1248 (150- W MA) The yellow metal hits three month high yesterday on account of rising political uncertainty .Gold made a high of $1235.92 and mildly...

FxWirePro: AUD/NZD forms hammer after dragonfly doji, more likely to extend rallies, major downtrend remains intact – boundary binaries to speculate

Feb 08, 2017 06:07 am UTC| Technicals

AUDNZD more rallies seem to be on cards upon the bullish candlestick formations but themajor trend remains intact at 21-EMA in sloping channel. Dragonfly Doji is occurred at 1.0369 levelthat has evidenced upswings upto...

FxWirePro: USD/CNY hits fresh 3-week high at 6.8916, PBOC sets yuan mid point at 6.8849

Feb 08, 2017 06:01 am UTC| Technicals

USD/CNY is currently trading around 6.8843 marks. It made intraday high at 6.8916 and low at 6.8760 levels. Intraday bias remains bullish for the moment. A sustained close above 6.8820 marks will test key...

FxWirePro: AUD/CAD breaks major trendline resistance at 1.00, good to go long on dips

Feb 08, 2017 05:37 am UTC| Technicals

AUD/CAD has broken major trendline resistance at 1.00, intraday bias higher. The pair has broken above 50% Fib retrace of 1.03975 to 0.96439 fall at 1.00. 5-DMA is immediate support on the downside, break below will...

FxWirePro: USD/KRW remains well supported below 1,150 mark, stay bearish

Feb 08, 2017 04:03 am UTC| Technicals

USD/KRW is currently trading around 1,143 levels. Pair made intraday high at 1,147 and low at 1,142 marks. Intraday bias remains bearish till the time pair holds key resistance at 1,148 marks. A daily close...

FxWirePro:Nikkie faces strong support at 60- day EMA, good to sell on rallies

Feb 08, 2017 03:33 am UTC| Technicals

Nikkei is trading in narrow range between 19285 and 17796 for the past five trading session. The index is facing strong support at 60- day EMA and any break below confirms further weakness. The index is trading weak...

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Science

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Technology

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