FxWirePro: USD/CAD heads deeper into bear territory, 1.2500 a key barrier
Jul 19, 2017 15:04 pm UTC| Technicals
The USD/CAD pair declined on Wednesday as oil prices continued its upward march, while domestic data showed a larger-than-expected increase in manufacturing sales. Canadian factory sales grew by 1.1 percent in May...
FxWirePro: CHF/JPY daily outlook
Jul 19, 2017 13:51 pm UTC| Technicals
Candlestick pattern formed Shooting star (4 hour chart). The pair is declining sharply after hitting a high of 118.60 at Jul 10th 2017. CHF/JPY declined till 116.43 on Jul 14th 2017 and is currently trading around...
FxWirePro: EUR/USD consolidating around 1.1532, bias is neutral
Jul 19, 2017 13:49 pm UTC| Technicals
The EUR/USD dipped slightly on Wednesday as the chances of U.S. rate increase seemed to dwindle but investors remained wary of pushing it lower before ECB meetings. The ECB meets on Thursday, and it is expected to...
Jul 19, 2017 13:00 pm UTC| Technicals
Near term trend - down USD/CHF has broken major support at 0.9550 and declined slightly till 0.95231 yesterday. The shown a minor jump till 0.9560 level. It is currently trading around 0.95419. The low formed on...
FxWirePro: DAX30 upside capped by 61.8% fibo, good to sell on rallies
Jul 19, 2017 12:42 pm UTC| Technicals
DAX30 has shown a minor recovery after forming a bottom around 12311. The index upside capped by 61.85 fibo and any minor bullishness can be seen only above that level. It is currently trading around 12448. The near...
FxWirePro: EUR/USD trades lower on profit booking, good to buy on dips
Jul 19, 2017 10:57 am UTC| Technicals
Euro has shown a slight profit booking after hitting fresh 52 week high yesterday. Market awaits ECB meeting tomorrow for further direction. ECB might be more hawkish than expected and that will make the Euro to rise...
FxWirePro: EUR/CAD trades narrow range above 5-DMA, caution ahead of ECB
Jul 19, 2017 10:46 am UTC| Technicals
EUR/CAD is trading a narrow range ahead of ECB rate decision. Market expectations of some announcement regarding the ongoing QE programme have been bolstering the pairs rally in past weeks. Disappointment could...
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