FxWirePro: EUR/USD consolidating around 1.1685, bias is bullish
Jul 25, 2017 14:21 pm UTC| Technicals
The EUR/USD pair rose higher on Tuesday as dollar slumped after investors grew wary that subdued U.S. inflation and strains in Washington would limit Federal Reserve interest rate moves for the rest of the year. The...
FxWirePro: US Dollar Index daily Outlook
Jul 25, 2017 14:18 pm UTC| Technicals
U.S dollar index has broken major support of 93.85 low made on Jul 21st 2017 low and declined till 93.64 at the time of writing. It is currently trading around 93.79. In the daily chart, index upside capped by 10- day...
FxWirePro: USD/CAD retains bearish outlook with scope to target 1.2400
Jul 25, 2017 13:57 pm UTC| Technicals
The USD/CAD pair continued to dip on Tuesday as the U.S. dollar slid against a basket of currencies and oil prices climbed on promises by major producers to help control oversupply. Prices of crude oil, a key Canadian...
FxWirePro: GBP/USD trades higher, good to buy on dips
Jul 25, 2017 13:55 pm UTC| Technicals
Cable is trading stable in Tuesday morning and broken minor resistance 1.30618 on account of weak U.S dollar. The pair jumped till 1.30838 at the time of writing. It is currently trading around 1.30633. Market awaits...
Jul 25, 2017 12:36 pm UTC| Technicals
Major support 144 (55 EMA and trend line support). GBP/JPY has taken support near trend line and 55- day EMA and recovered sharply from that level. The pair has broken trend line resistance 145 (trend line joining...
Jul 25, 2017 12:36 pm UTC| Technicals Insights & Views
GBPUSD bulls are edging higher at 11-months highs. Bulls test channel supports at 1.3008 levels, more rallies seem to be likely on bullish SMA crossover. But stiff resistance at 1.3053 is seen which is also broken out...
FxWirePro: NZD/CAD finds stiff resistance at 20-DMA, good to go short on rallies
Jul 25, 2017 10:36 am UTC| Technicals
NZD/CAD finds stiff resistance at 20-DMA at 0.9366, bias lower. The pair has broken major trendline support at 0.9330 and we see scope for further downside. Recovery attempts capped at weekly 5-DMA at 0.9359, further...
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