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FxWirePro: FTSE100 upside capped by 10- day MA, good to sell on rallies

Feb 02, 2017 07:44 am UTC| Technicals

Major support 7100 (resistance turned into support). Major resistance 7165 (10- day MA) FTSE100 shown a jump till 7176 yesterday and declined sharply from that level. It is currently trading around...

FxWirePro: Go long on XAG/USD around $17.58 with stop loss at $17.34 and target of $17.99

Feb 02, 2017 07:39 am UTC| Technicals

XAG/USD is currently trading around $17.60 marks. It made intraday high at $17.63 and low at $17.50 levels. Intraday bias remains bullish till the time pair holds key support at $17.34 mark. A daily close...

FxWirePro: AUD/CHF breaks above 20-DMA, good to long on dips

Feb 02, 2017 06:50 am UTC| Technicals

AUD/CHF resumes upside after holding 50-DMA support on the downside. The pair has failed to close below 50-DMA, currently at 0.7505, which is strong support on the downside. Intraday bias higher, the pair has...

FxWirePro:US Dollar index faces strong support at 99.40,break below targets 98.30

Feb 02, 2017 06:47 am UTC| Technicals

Major support 99.40 Major intraday resistance 100.15 (5- day MA). Pattern formed Double bottom U.S. Dollar index declined sharply after showing a mild jump above 100 level. It is currently trading around...

FxWirePro: AUD/JPY bears to bid more price drops upon shooting star and hanging man patterns but consolidation phase in major trend remains intact

Feb 02, 2017 06:20 am UTC| Technicals

On weekly terms, previous upswings exhausted at astiff resistance of 87.538, break below strong support at 86.320 7DMA likely to drag price declines. Shooting star and hanging man occurred at peaks of rallies at 86.102...

FxWirePro: EUR/AUD capped below 20-DMA, good to go short on rallies

Feb 02, 2017 06:18 am UTC| Technicals

EUR/AUD was rejected by 50-DMA at 1.42941 on Wednesdays trade. The pair remains capped below 20-DMA on the day, bias lower. 520-day moving averages are curved south. The pair is trading below major moving...

FxWirePro: Gold downside capped by 21- day MA, good to buy on dips

Feb 02, 2017 05:59 am UTC| Technicals

Major support - $1196 (21- day MA). Major resistance - $1217 (100- day EMA) The yellow metal has shown a decline till $1198 and recovered sharply from that level. It is currently trading around...

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