
Jun 08, 2016 05:59 am UTC| Technicals
EUR/JPY failed to sustain the recovery and slipped lower from session highs at 121.96 as the JPY bulls fought back control. Data released earlier today showed Japanese Q1 GDP revised to 0.5% q/q in Q1, slightly better...

Jun 08, 2016 05:25 am UTC| Technicals
Jump above 21DMA is likely to drag rallies up to 75.296 but it is not advisable to accumulate longs on long term basis (See monthly charts, never buck the major trend). The pair has been surging in rising channel when...

FxWirePro: Gold faces major support at 90 day EMA, good to buy at dips
Jun 08, 2016 05:16 am UTC| Technicals
Major Support - $1235 (90 day EMA) Gold has taken support near 90 day EMA and recovered from that level. It is currently trading around $1248. Short term trend is bullish as long as support $1225 holds. On...

FxWirePro: Kiwi erases losses on positive Chinese imports data, good to buy NZD/USD dips
Jun 08, 2016 05:16 am UTC| Technicals
NZD/USD wiped-out losses and turned positive on China trade which showed that Chinese domestic demand is slowly picking-up. The pair has taken cloud support and broken above major trendline resistance at 0.6950 on...

FxWirePro: AUD/USD upside capped below daily cloud, some consolidation likely before next move
Jun 08, 2016 04:35 am UTC| Technicals
AUD/USD trades modestly flat on the day, likely to consolidate gains of the previous session. The pair spiked to hit fresh five-week highs of 0.7463 on Tuesday after RBA stood pat, but saw a corrective slide early...

FxWirePro: Go long on XAU/USD only above $1,248 with stop loss at $1,238 and target of $1,268
Jun 08, 2016 04:04 am UTC| Technicals
XAU/USD is currently trading around $1247 marks. It made intraday high at $1242 and low at $1249 marks. Intraday bias remains bullish till the time pair holds key support at $1232 marks. A sustained break...

FxWirePro: ASX200 struggles to close below 5300, good to buy at dips
Jun 08, 2016 03:07 am UTC| Technicals
Major resistance - 5430 (27th May 2016 high) Major Support - 5270 ASX200 has started to decline after making a high of 5394 yesterday. It is currently trading at 5356. Short term trend is slightly bullish as...