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FxWirePro: AUD/USD finds support by 110-EMA at 0.7494, break below targets 0.7420

Aug 31, 2016 06:27 am UTC| Technicals

AUD/USD downside finds strong support by 110-EMA at 0.7494. Momentum studies are bearish, break below 0.7494 targets 0.7420. Daily price action has dipped into daily cloud. Recovery attempts were weak, pair...

FxWirePro: USD/ZAR rejects key resistance at 14.56, bias turns to bearish again

Aug 31, 2016 06:25 am UTC| Technicals

USD/ZAR is currently trading around 14.48 levels. It made intraday high at 14.51 and low at 14.44 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 14.56 levels. A...

FxWirePro: Watch out for more USD/JPY bullish potential as 7DMA crosses over 21DMA – One touch digitals upon breach above resistance 103.223

Aug 31, 2016 06:07 am UTC| Technicals

The pair forms whipsaws pattern on both daily and 4H charts. Trend in sideways has now spiked above DMAs Add fresh longs only upon breach above 103.223. Upswings can be extended at channel...

FxWirePro: USD/INR breaks key support at 67.05, good to sell on rallies

Aug 31, 2016 05:36 am UTC| Technicals

USD/INR is currently trading around 67.02 marks. It made intraday high at 67.07 and low at 67.0250 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 67.16 marks. Key...

FxWirePro: USD/JPY finds major resistance by 55-EMA at 103.22, go long on break above

Aug 31, 2016 05:17 am UTC| Technicals

USD/JPY was rejected at 55-EMA by 103.22 which is a major hurdle on the upside. The major has broken above 50-DMA at 102.67. Break above 55-EMA at 103.22 can see test of 104.20 (trendline). Major support...

Gold:Buy above $1322

Aug 31, 2016 05:14 am UTC| Technicals

Major resistance- $1322 (100-H MA). Major support- $1308. The yellow metal has declined sharply till $1308.80 level yesterday. It is currently trading around $1315.45. The intraday resistance is around $1322...

FxWirePro: Prefer to go long on XAG/USD around $18.78 with stop loss at $18.52 and target of $19.27

Aug 31, 2016 04:45 am UTC| Technicals

XAG/USD is currently trading around $18.80 marks. It made intraday high at $18.82 and low at $18.52 levels. Intraday bias remains bullish till the time pair holds key support at $18.52 levels. A daily close...

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