
FxWirePro: CHF/JPY faces strong resistance at 200- HMA, good to sell on rallies
Dec 27, 2016 09:01 am UTC| Technicals
Major resistance 114.50 (200- HMA) Major support 113.90 (trend line joining 112.07 and 113.87). CHF/JPY jumped till 114.28 and slightly declined from that level. The pair made a low of 113.87 yesterday and...

FxWirePro:GBP/JPY downside capped by 50% fibo, good to sell on rallies
Dec 27, 2016 08:16 am UTC| Technicals
Major resistance 144.65 (trend line joining 148.45 and 147.35) Major intraday support 143.48 (50% retracement of 138.51 and 148.45) GBP/JPY has once again jumped after declining till 143.48. The pair should...

FxWirePro: AUD/NZD holds strong triangle base support at 1.04, bias remains lower
Dec 27, 2016 07:00 am UTC| Technicals
AUD/NZD is trading a Symmetric triangle pattern. The pair has held triangle base support and edged higher. Upside finds stiff resistance at 1.044 (converged 5 20 DMAs). Series of resistance on the upside:...

FxWirePro: EUR/JPY holds above 20-DMA support at 122.21, weakness only on break below
Dec 27, 2016 06:36 am UTC| Technicals
Downbeat Japanese CPI data released earlier on the day continues to exert bearish pressure on the yen. EUR/JPY trades a narrow range on the day as market lacks momentum amid a lack of fundamental drivers and...

Dec 27, 2016 06:16 am UTC| Technicals
Although EURUSD spiked from trendline support at 1.0352 levels, it has been struggling to bounce further above 7DMA levels (see daily chart), that is where a shooting star pattern has occurred at 1.0434 levels. As a...

Gold trades slightly above 10- day MA, a jump till $1152 likely
Dec 27, 2016 06:02 am UTC| Technicals
Gold is slightly jumping after making a low of$1127 on Friday. The yellow metal formed a temporary bottom around $1122 and is currently trading around $1137.50. Gold has broken minor resistance at $1135 (10- day MA)...

FxWirePro: NZD/USD struggles at 5-DMA, break above needed for further upside
Dec 27, 2016 05:11 am UTC| Technicals
Technically, the dollar could be a little stretched and in overbought territory. On the other side, the NZ economy is strong and dairy prices have risen, which could mean short-term support for NZD. NZD/USD...