FxWirePro: GBP/USD breaks major support at 1.2915, decline till 1.27 likely
May 26, 2017 09:50 am UTC| Technicals
GBP/USD slumps on Pound weakness as conservatives lead fades ahead of June election. Latest opinion poll showed PM Mays Conservatives dropping another one percentage point on the week to 43%-35% (Labor) ahead of the...
FxWirePro: EUR/CAD bounces off 20-DMA, but bearish divergence keeps scope for downside
May 26, 2017 09:07 am UTC| Technicals
EUR/CAD holds 20-DMA support, we see weakness on break below. OPEC supply cut extension has disappointed the oil market, CAD dented as oil slips lower. The Canadian dollar supported by BoC positive statements...
FxWirePro: EUR/SEK rejects key support at 9.7146 mark, bias turns bullish again
May 26, 2017 08:26 am UTC| Technicals
EUR/SEK is currently trading around 9.7370 levels. It made intraday high at 9.7431 and low at 9.7251 levels. Intraday bias remains bullish till the time pair holds key support at 9.7146 mark. A sustained...
FxWirePro: XAG/USD exhibits range bound movement, stay bullish only above $17.32
May 26, 2017 07:56 am UTC| Technicals
XAG/USD is currently trading around $17.21 marks. It made intraday high at $17.26 and low at $17.08 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.32 mark. A daily close...
FxWirePro: AUD/USD capped below 50-DMA, bias lower, good to go short on rallies
May 26, 2017 07:22 am UTC| Technicals
AUD/USD fails to break above stiff resistance by 50-DMA at 0.7517, further downside likely. Momentum has turned bearish, RSI and Stochs have turned south. The pair has broken below 20-DMA at 0.7432, and has pared...
FxWirePro: South African rand rises gradually against U.S. dollar, stay bearish only below 12.83
May 26, 2017 06:46 am UTC| Technicals
USD/ZAR is currently trading around 12.91 levels. It made intraday high at 12.98 and low at 12.85 levels. Intraday bias remains neutral till the time pair holds key support at 12.83 marks. A daily close...
FxWirePro: EUR/GBP hovers near 0.87 handle, bias higher, stay long
May 26, 2017 06:33 am UTC| Technicals
EUR/GBP breaks consolidation, edges higher to hit fresh 2-month highs near 0.87 handle. The downward revision to second estimate of UK GDP for Q1 2017 weighs on the pound. Momentum indicators on weekly charts are...
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