
FxWirePro: EUR/GBP trades a narrow range into the European open, bias lower
May 27, 2016 06:13 am UTC| Technicals
EUR/GBP trades a narrow 15 pips range ahead of the European session, days high at 0.7636 and lows at 0.7621. The pair has been trading a falling wedge pattern since April 2016. After a brief break below, the pair...

FxWirePro:Gold faces strong support at $1211, good to buy at dips
May 27, 2016 05:35 am UTC| Technicals
Major support- $1211 (100 W EMA) The yellow metal has broken $1217.65 low made on Wednesday today morning and declined till $1211.52 at the time of writing. Gold has jumped till $1234 yesterday and started to...

FxWirePro: Indian rupee hits fresh weekly high against US dollar, intraday bias remains neutral
May 27, 2016 05:11 am UTC| Technicals
USD/INR is currently trading around 67.05. It made intraday high at 67.10 and low at 66.97 marks. Intraday bias remains neutral for the moment. A sustained close below 66.96 will tests key supports at...

FxWirePro: AUD/USD lacks clear direction, hovers around 61.8% Fib at 0.7212
May 27, 2016 05:09 am UTC| Technicals
AUD/USD lacks clear direction, extends range trade around 61.8% Fib at 0.7212. Pair finds major resistance at 0.7242, upside potential only on decisive break above. While 0.72 (5-DMA and psychological level) is...

FxWirePro: USD/JPY holds major support at 109.80, weakness only on break below
May 27, 2016 04:22 am UTC| Technicals
USD remains bid as markets digest hawkish speeches from the Fed officials, Feds Powell suggested overnight that Fed should raise rates fairly soon. JPY also remained buoyed amid ongoing chatter that Japans PM Abe will...

FxWirePro: AUD/NZD fails to break key resistance at 1.0747, good to sell on rallies
May 27, 2016 03:37 am UTC| Technicals
AUD/NZD is trading around 1.0704 marks. Pair made intraday high at 1.0718 and low at 1.0694 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0747 marks. A daily close below...

ASX200 breaks major resistance 5400, targets 5485/5530
May 27, 2016 02:44 am UTC| Technicals
Major resistance - 5400 Major intraday Support - 5350 ASX200 has broken major resistance 5400 and jumped till 5431. It is currently trading at 5417. Short term trend is slightly bullish as long as support...