FxWirePro: US Dollar Index Daily outlook
Jun 01, 2017 12:56 pm UTC| Technicals
US Dollar index has once again bottom near 96.80 and slightly recovered from that level. It is currently trading around 97.21. Short term trend is still weak as long as index not able to break above 98.08 (23.6%...
Jun 01, 2017 11:50 am UTC| Technicals
USD/CHF formed a bottom at 0.96910 and shown a minor recovery till 0.9807. The pair has broken the low of 0.96918 and declined till 0.96690. Any close below 0.9691 confirms bearish continuation of and decline till 0.9617...
FxWirePro: EUR/USD trades steady near May high, break above confirms bullish continuation
Jun 01, 2017 11:23 am UTC| Technicals
Major support 1.1100 EURO is consolidating after hitting 1.12566 at the time of writing and is just slightly below the year high of 1.12678 level. Long tailed bullish candle on Tuesday confirms that downside is...
FxWirePro: S&P500 forms potential Bearish CD pattern, good to sell on rallies
Jun 01, 2017 09:59 am UTC| Technicals
Harmonic pattern Bearish AB=CD pattern Potential Reversal Zone (PRZ) 2425. SP500 is consolidating around 2400 for the past five trading session. The index hits the all-time high of 2418 on 25th May 2017 and is...
FxWirePro: USD/JPY retakes 111 handle, focus on U.S. monthly jobs report for further impetus
Jun 01, 2017 09:58 am UTC| Technicals
US dollar index is posting moderate gains on Thursday amidst usual adjustment to month-end flows and some pick-up in demand for the riskier assets. USD/JPY has reclaimed the 111 handle and intraday bias remains...
FxWirePro: AUD/USD breaks below 20-DMA support at 0.7425, bias lower, good to short rallies
Jun 01, 2017 09:14 am UTC| Technicals
AUD/USD breaks below 20-DMA support at 0.7425, intraday bias lower. The pair is trading a downward channel and is extending downside after rejection at channel top. Downside is currently holding support at 61.8%...
FxWirePro: GBP/USD declines from high of 1.29208, political uncertainty weighs
Jun 01, 2017 08:34 am UTC| Technicals
Cable has shown a major pullback after making a low of 1.27680 and hits 1.29208 level. The pair movement is driven by political uncertainty in U.K. GBP declined against all majors yesterday European session as YouGov model...
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