May 31, 2017 02:13 am UTC| Technicals
EUR/KRW is currently trading around 1,253 mark. Pair made intraday high at 1,255 and low at 1,251 levels. Intraday bias remains neutral till the time pair holds key support at 1,247 mark. A daily close below...
FxWirePro: GBP/USD rallies above 1.2850 but reversal is likely
May 30, 2017 15:04 pm UTC| Technicals
The GBP/USD pair rose on Tuesday as dollar dipped and investors shrugged off opinion polls showing British Prime Minister Theresa Mays lead over the labour opposition narrowing less than two weeks before a general...
FxWirePro: USD/CAD gains some upside momentum but still bearish
May 30, 2017 14:21 pm UTC| Technicals
The USD/CAD pair inched higher on Tuesday as Canadian dollar was pressured by fall in oil prices and the countrys current account deficit widened. Prices of oil, one of Canadas major exports, were pressured by...
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
May 30, 2017 13:58 pm UTC| Technicals
USD/JPY dipped slightly on Tuesday as rising political uncertainty in Europe spurred increased safe-haven demand. Investors are concerned about next weeks election in Britain, as well as the prospect of early...
FxWirePro: GBP/USD struggles to close above 5- day MA, good to sell on rallies
May 30, 2017 13:37 pm UTC| Technicals
Cable has shown a minor recovery till 1.28770 at the time of writing after hitting low of 1.27750. The pair is currently trading around 1.28490. On the higher side, minor resistance is around 1.2905 (5- day MA) and...
May 30, 2017 13:04 pm UTC| Technicals
Harmonic pattern formed Bearish AB=CD pattern. Potential reversal Zone (PRZ) -1.35390. USD/CAD formed a min or bottom around 1.3387 and shown a minor jump from that level. The pair formed a potential bearish...
FxWirePro: EUR/USD trades slightly below 10- day MA, decline till 1.1050 likely
May 30, 2017 13:01 pm UTC| Technicals
Major support 1.1160 (May 22nd 2017 low). EURO broken the major support of 1.1160 and declined sharply from that level on rising concerns over Greece bail out and early Italian elections .Technically the pair is...
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