FxWirePro: GBP/USD reverses recent rally, bias back to downside
Feb 16, 2017 17:55 pm UTC| Technicals
The GBP/USD pair initially inched higher at the beginning of the US session but soon resumed its downside as nerves around Brexit and the strength of the UK economy weighed on British pound. There have been negative...
FxWirePro: USD/JPY loses momentum but outlook is bullish
Feb 16, 2017 15:50 pm UTC| Technicals
USD/JPY declined sharply on Thursday as uncertainty steaming from political uncertainty in the United States and Europe prompted investors to seek safe-haven assets such as Japanese yen. Concern over U.S. President...
Feb 16, 2017 12:52 pm UTC| Technicals
Major resistance- 1.06800 (55- day EMA) Major support 1.05200 EUR/USD recovers sharply after making a low of 1.05214 yesterday. It is currently trading around 1.06445. On the higher side 1.0659 -1.06710...
EURUSD faces strong resistance at 7- day EMA,break above confirms further bullishness
Feb 16, 2017 12:40 pm UTC| Technicals
Major resistance- 1.06800 (55- day EMA) Major support 1.05200 EUR/USD recovers sharply after making a low of 1.05214 yesterday. It is currently trading around 1.06446. On the higher side 1.0659 -1.06710...
Feb 16, 2017 11:53 am UTC| Technicals
The prices have been consistently rejecting below falling wedge resistance from thelast couple of days. Amid this price behavior, shooting star has occurred at 1.3078 levels. The bearish rout has gone below strong...
FxWirePro: Trade the Gold /Silver ratio:
Feb 16, 2017 10:32 am UTC| Technicals
Major support 68.85 (trend line joining 64.28 and 66.99) Gold/silver ratio broken the major support of 68.85 and is trading slightly below that level. The break below trend line support confirms further decline in...
FxWirePro: USD/CHF forms shooting star in daily chart, good to sell on rallies
Feb 16, 2017 09:36 am UTC| Technicals
Candlestick pattern formed- Shooting star Potential Reversal Zone (PRZ) 1.01225 USD/CHF has shown a huge selling pressure after hitting a high1.01187 yesterday. Intraday bias is weak but near term outlook...
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