
Aug 05, 2016 11:18 am UTC| Technicals
Major resistance- 0.9775 (21 day EMA) Major support: 0.9630 (Jul 29th low) The pair has broken minor resistance 0.9740 (7 day EMA) and jumped till 0.97522.It is currently trading around 0.97407. On the...

Aug 05, 2016 10:23 am UTC| Technicals
Bullish engulfing pattern occurred on this pair ever since it takes the major support at 0.7343 levels. Since then it has jumped above 7DMA and for now, upswings seems slightly nervous near 21DMA even though the...

FxWirePro: USD/CHF faces resistance at 21 day EMA, good to buy on dips
Aug 05, 2016 10:10 am UTC| Technicals
Major resistance- 0.9775 (21 day EMA). Major support: 0.9630 (Jul 29th low). The pair has broken minor resistance 0.9740 (7 day EMA) and jumped till 0.97522.It is currently trading around 0.97407. On the...

Aug 05, 2016 09:06 am UTC| Technicals
Major support 10090 (90 day EMA). The index recovered after making a low of 10090 on Aug 3rd 2016. It is currently trading around 10259. DAX has formed the temporary top around 10487 on Apr 21st 2016 and the...

FxWirePro: Chinese yuan erases previous gain against USD; PBOC sets yuan mid-point at 6.6406
Aug 05, 2016 08:03 am UTC| Technicals
USD/CNY is currently trading around 6.6450 marks. It made intraday high at 6.6465 and low at 6.6378 levels. Intraday bias remains bullish till the time pair holds key support at 6.6205 mark. On the top side,...

Aug 05, 2016 07:28 am UTC| Technicals
Major resistance - 1.3203 (200 HMA). The pair has declined sharply till 1.31026 yesterday after BOE cuts interest rates by 25bpbs and adds its asset purchase facility by 60 billion to 435 billion from 375 billion. It...

FxWirePro: NZD/CAD edges above 1H 50 SMA, good to go long on dips
Aug 05, 2016 07:17 am UTC| Technicals
NZD/CAD has retraced most of Thursdays drop as Kiwi remains buoyed after dovish RBA SoMP. Price action on the hourly charts has broken above 50 SMA at 0.9370. The pair is trading around session high of 0.9383, we...