FxWirePro: Loonie upside capped by 200- 4H MA, good to sell on rallies
May 31, 2017 12:14 pm UTC| Technicals
USD/CAD continuing its losing streak after showing minor jump above 1.3500. The pair made a low of 1.33876 and slightly recovered from that level on account of highly volatile crude oil. Short-term trend is slightly...
FxWirePro: Loonie upside capped by 200- 4H MA, good to sell on rallies
May 31, 2017 12:14 pm UTC| Technicals
USD/CAD continuing its losing streak after showing minor jump above 1.3500. The pair made a low of 1.33876 and slightly recovered from that level on account of highly volatile crude oil. Short-term trend is slightly...
May 31, 2017 10:54 am UTC| Technicals
EUR/GBP trades 0.29% higher at the time of writing, holds above 0.87 handle. Price action above 200-DMA (0.8596) and daily cloud, bias higher. The pair has broken above major trendline resistance at 0.8645....
FxWirePro: GBP/USD upside capped by 21- EMA, good to sell on rallies
May 31, 2017 10:31 am UTC| Technicals
Cable has shown a minor recovery till 1.28880 yesterday after hitting low 1.27750 on May 26th 2017. GBP declined against all majors as YouGov model suggests hung parliament after elections. The pair is currently trading...
GBP/CAD trades below 50 – day MA, dip till 1.7050 likely
May 31, 2017 10:28 am UTC| Technicals
Major support 1.7180 -1.7190 (Apr 21st low and 50- day MA). The pair took support near 50 day MA and shown a minor jump till 1.73728 on May 30th 2017. The upside capped by 5 DMA and once again declined below 50 day...
FxWirePro: AUD/NZD slumps to fresh multi-week lows, bias lower, test of 1.04 likely
May 31, 2017 10:23 am UTC| Technicals
AUD/NZD trades with a weak bias, scope for test of 1.04 levels. The pair has broken below 200-DMA and price action well below daily cloud. Technical studies are highly bearish, but RSI and Stochs at oversold...
FxWirePro: GBP/AUD hits fresh 4-week lows post UK data, bias lower, stay short
May 31, 2017 09:07 am UTC| Technicals
GBP/AUD breaks major trendline support at 1.7290, intraday bias lower. The pair has hits fresh 4-week lows post UK data as the pound remained well offered across the board. Data released showed slowing credit...
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