May 24, 2017 10:34 am UTC| Technicals
USD/CAD hits fresh 3rd week low and shown a mild recovery from that level. Short term trend is still weak as long as resistance 1.3595 (89 4H EMA) holds. It is currently trading around 1.35406. WTI Crude oil hits...
FxWirePro: Cloud caps upside in copper, bias higher as long a 20-DMA support holds
May 24, 2017 10:30 am UTC| Technicals
Cloud weighs heavily on the upside in copper charts, price struggles to extend gains above 2.60. The pair has shown a decisive breakout above 20-DMA and downside supported at that leveks on the day. We see...
FxWirePro: AUD/CHF pares losses, retraces above 5-DMA at 0.7273
May 24, 2017 09:15 am UTC| Technicals
AUD/CHF has erased losses and retraced back above 5-DMA currently at 0.7273. The pair finds major trendline support at 0.7235 and is extending recovery from 10-month lows at 0.7229. Bullish divergence on Stochs...
FxWirePro: EUR/SEK falls below 9.73 mark, downside limited
May 24, 2017 08:12 am UTC| Technicals
EUR/SEK is currently trading around 9.7310 levels. It made intraday high at 9.7477 and low at 9.7278 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.7752 mark. A sustained...
FxWirePro: Buy US Dollar Index above 97.45
May 24, 2017 06:55 am UTC| Technicals
US Dollar index shown minor jump after forming a temporary bottom around 96.80. It is currently trading around 97.45. Intraday trend is bullish as long as support 97.03 (Hourly Tenkan-Sen) holds. The index has shown a...
FxWirePro: USD/ZAR exhibits range bound movement, South Africa’s inflation data in focus
May 24, 2017 06:49 am UTC| Technicals
USD/ZAR is currently trading around 13.11 levels. It made intraday high at 13.16 and low at 13.05 levels. Intraday bias remains neutral till the time pair holds key support at 13.00 marks. A daily close...
FxWirePro: EUR/CAD capped below 61.8% Fib, bearish divergence adds downside bias
May 24, 2017 06:30 am UTC| Technicals
Upbeat Euro area PMI reports and German IFO data continue to underpin the Euro. The Canadian dollar buoyed as oil extends upside to hit multi-week highs at 51.76. EUR/CAD remains capped below 61.8% Fibo 1.6105 to...
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