
FxWirePro: DAX faces strong resistance 10120, good to sell on rallies
May 24, 2016 07:42 am UTC| Technicals
Major resistance- 10120 (200 day MA) Major support -9750 DAX has made a high of 9974 and started to decline from that level. It is currently trading around 9815. Short term trend is weak as long as...

FxWirePro: Euro continues to add strength against Swedish krona, key resistance falls at 9.3664
May 24, 2016 07:05 am UTC| Technicals
EUR/SEK is currently trading around 9.3645 levels. It made intraday high at 9.3715 and low at 9.3437 levels. Intraday bias remains bullish for the moment. A daily close above 9.3664 tests key resistances at...

FxWirePro: GBP/NZD faces strong support at 100 day MA, good to buy at dips
May 24, 2016 06:29 am UTC| Technicals
Major Support- 2.1320 (100 day MA) The pair has made a low of 2.3150 and recovered from that level. It is currently trading at 2.15620. Market awaits BOE inflation report hearings for further direction. At these...

FxWirePro: USD/CNY breaks key resistance at 6.5510, a sustain close above targets 6.5708
May 24, 2016 06:20 am UTC| Technicals
USD/CNY is currently trading around 6.5532 marks. Intraday bias remains bullish till the time pair holds key support at 6.5406 levels. A sustained close above 6.5510 will test key resistances at 6.5525(March 02,...

FxWirePro: NZD/JPY breaks major support at 73.80, on track to test channel base at 72.30
May 24, 2016 05:42 am UTC| Technicals
Kiwi bears relentless amid risk-off sentiment persisting in the markets, both Asian equities and oil prices trading in the red. NZD/JPY extending overnight slump, breaks major support at 73.80, is on track to test...

FxWirePro: Silver breaks key support at $16.31, good to sell on rallies
May 24, 2016 05:42 am UTC| Technicals
XAG/USD is currently trading around $16.29 marks. It made intraday high at $16.39 and low at $16.25 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.63 marks. A daily...

FxWirePro: GBP/JPY faces strong support at 159, good to sell on rallies
May 24, 2016 05:26 am UTC| Technicals
Major resistance- 159.20 (55 day EMA) Major support 157.70 (21 day MA) The pair has made a low of 158.04 and slightly recovered from that level. It is currently trading at 158.35. On the lower side major...