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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...

FxWirePro: EUR/JPY breaks above major resistance zone 114.73-80, good to go long on dips

Aug 31, 2016 04:45 am UTC| Technicals

EUR/JPY has shown a clear breakout above 50-DMA. The pair has also broken above major resistance zone at 114.73-80. Momentum studies are bullish, Stochs and RSI are biased higher. Major support levels -...

ASX200 breaks major support at 55-day EMA, targets 5300

Aug 31, 2016 03:22 am UTC| Technicals

Major intraday resistance -5525 (9-day EMA). Major support - 5448 (55 EMA). The index has broken major support at 55-day EMA and declined till 5409 at the time of writing. It is currently trading around...

Nikkei225 faces strong resistance at 17000, break above targets 17300/17500

Aug 31, 2016 03:05 am UTC| Technicals

Nikkei225 has broken minor resistance at 16800 and jumped till 16884 at the time of writing.It is currently trading around 16854. The index jumped from the low of 16679 yesterday and closed at 16846 compared all other...

FxWirePro: South Korean won opens onshore trade at 1,119.5 per USD, faces strong support at 1,107

Aug 31, 2016 02:59 am UTC| Technicals

USD/KRW is currently trading around 1,116 levels. It made intraday high at 1,117 and low at 1,116 marks. Intraday bias remains neutral till the time pair holds key support at 1,107 levels. A sustained close...

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