FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Jul 24, 2017 15:42 pm UTC| Technicals
The USD/CAD pair declined on Monday as Canadian dollar was boosted by upbeat domestic economic data and higher oil prices while, greenback struggled to shrug political uncertainty. Canada wholesale trade rose more...
FxWirePro: GBP/USD downside capped by 21- EMA, good to buy on dips
Jul 24, 2017 14:03 pm UTC| Technicals
Cable has taken support near 21- day EMA at 1.29300 and recovered sharply from that level. It is currently trading around 1.30365. On the higher side, the pair is facing major resistance around 1.3130 and any break...
Jul 24, 2017 13:48 pm UTC| Technicals
EURUSD hits 2 year high yesterday after positive comments from Draghi in ECB monetary policy meeting. ECB is preparing to withdraw stimulus down the road. Dollar is broadly lower after market is losing hope on...
FxWirePro: NZD/JPY extends range trade above weekly 200-SMA, weakness likely on break below
Jul 24, 2017 11:41 am UTC| Technicals
NZD/JPY is extending range trade above weekly 200-SMA, we see weakness on break below. We have evidenced a Bearish Bat Pattern on daily charts which raises scope for downside in the pair. Technical indicators...
FxWirePro: EURUSD hits two year high, good to buy on dips
Jul 24, 2017 11:40 am UTC| Technicals
EURUSD hits 2 year high yesterday after positive comments from Draghi in ECB monetary policy meeting. ECB is preparing to withdraw stimulus down the road. Dollar is broadly lower after market is losing hope on...
USD/CHF forms bullish divergence in daily Chart, slight jump till 0.9500 likely
Jul 24, 2017 09:48 am UTC| Technicals
Intraday trend Slightly Bullish Pattern formed Bullish Divergence USD/CHF declined slightly below major support 0.9440 and slightly jumped from that level. It is currently trading around 0.94550. The...
FxWirePro: AUD/NZD finds strong support at 200-DMA, weakness only on break below
Jul 24, 2017 09:11 am UTC| Technicals
AUD/NZD retraces brief dip below 200-DMA at 1.0611, intraday bias higher. The pair has reclaimed the 1.07 handle after breaking above 100-DMA at 1.0987. Price action has reversed dip into daily cloud and cloud...
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