FxWirePro: EUR/USD neutral in the near term, scope for downward resumption
Jul 26, 2017 14:25 pm UTC| Technicals
The EUR/USD dipped on Wednesday as dollar edged higher as investors trimmed some short bets before a Federal Reserve policy decision. The Fed is widely expected to hold interest rates unchanged, with expectations of...
FxWirePro: USD/CHF upside capped by 21- EMA, good to buy on dips
Jul 26, 2017 12:35 pm UTC| Technicals
USD/CHF has formed a minor bottom around 0.94385 and recovered sharply from that level. The pair jumped till 0.95916 and is currently trading around 0.9580. In the daily chart, the pair is facing strong resistance...
FxWirPro: GBP/JPY trades higher, good to buy on dips
Jul 26, 2017 12:18 pm UTC| Technicals
Major support 144 (55 EMA and trend line support). GBP/JPY has broken minor trend lien resistance at 145 and jumped sharply till 146.01 at the time of writing. It is currently trading around 145.89. On the...
Jul 26, 2017 11:40 am UTC| Technicals
The pair is consolidating in narrow range after hitting low of 116.43 on Jul 14th 2017. The pair formed minor top around 118.60 at Jul 10th 2017 and any further bullishness can be seen only above that level. It is...
FxWirePro: EURUSD forms shooting star in daily chart, good to sell on rallies
Jul 26, 2017 11:00 am UTC| Technicals
Candle stick pattern Shooting star EUR/USD formed major top around 1.17120 yesterday and showing a minor decline from that level. The pair declined till 1.16128 at the time of writing. It is currently trading around...
FxWirePro: AUD/CHF reverses Australia CPI led losses, retakes 5-DMA, bias higher
Jul 26, 2017 10:54 am UTC| Technicals
AUD/CHF rejected at session lows at 0.7510, edges higher to reverse dip below 5-DMA. Technical indicators are bullish on intraday charts, we see scope for further upside. Next target for bulls lies at 0.7635 (trendline...
Jul 26, 2017 10:46 am UTC| Technicals Insights & Views
In short term trend, the pair has been sliding through falling wedge pattern. Every price spikes are restrained below wedge resistance and every dipis backed by wedge baseline. The bearish pressure is again observed...
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