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EUR/USD trades in narrow range, break above 1.0660 targets 1.0820

Nov 23, 2016 11:22 am UTC| Technicals

Major resistance 1.0660 (Nov 22nd high) Major support 1.0580 The pair has declined slightly after jumping till 1.06495 yesterday. It is currently trading around 1.06080. EUR/USD faces strong trend line...

FxWirePro: DAX30 struggles to break above 10830, good to sell on rallies

Nov 23, 2016 11:20 am UTC| Technicals

Major resistance- 10830 (Oct 25th 2016 high) Major support 10550 (50- day MA) DAX30 has once again retreated after jumping till 10776 yesterday. It is currently trading around 10660. Short term trend is...

USD/CHF faces minor support at 1.009, break below targets 1.000

Nov 23, 2016 09:58 am UTC| Technicals

Candle Stick pattern- Shooting star (Hourly chart) Minor support 1.00900 (trend line joining 1.00675 and 1.00749) The pair has once again slightly declined after making a low of 1.00930.It is currently trading...

FxWirePro: Snapping EUR/GBP interim rallies, weekly technicals signal “Short, Short, Short” after rejecting stiff resistance of 0.9225

Nov 23, 2016 09:36 am UTC| Technicals

The current pricein thebearish environment that has lasted for 1 week is now sliding below 21SMA, heading towards next supports at 0.8353 levels (on weekly terms). Any break below support below 0.8865 to bring in more...

FxWirePro: Silver trades in narrow range, faces strong support at $16.42

Nov 23, 2016 08:24 am UTC| Technicals

XAG/USD is currently trading around $16.63 marks. It made intraday high at $16.72 and low at $16.60 levels. Intraday bias remains bullish till the time pair holds immediate support at $16.42 marks. A daily...

FxWirePro: USD/ZAR hits fresh 2-week low at 14.01 mark, sustained close below targets 13.70

Nov 23, 2016 07:31 am UTC| Technicals

USD/ZAR is currently trading around 14.04 levels. It made intraday high at 14.10 and low at 14.01 levels. Intraday bias remains neutral till the time pair holds key support at 13.96 marks. A daily close...

FxWirePro: EUR/JPY supported above 5-DMA, focus on Eurozone PMI data

Nov 23, 2016 07:27 am UTC| Technicals

EUR/JPY is extending a gradual grind higher, remains supported above 5-DMA currently at 117.64. The pair has been confined in a narrow range amid thin liquidity on the back of a National holiday in Japan. Focus...

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