FxWirePro: South Korean won marginally higher despite lower than expected PPI growth data
May 22, 2017 01:04 am UTC| Technicals
EUR/KRW is currently trading around 1,249 mark. Pair made intraday high at 1,251 and low at 1,248 levels. Intraday bias remains neutral till the time pair holds key support at 1,250 mark. A daily close below...
FxWirePro: EUR/USD remains bullish as rally continues
May 19, 2017 14:32 pm UTC| Technicals
The EUR/USD pair jumped higher on Friday as dollar slumped as the political turmoil in the United States kept investors cautious. Investors fear that the political uproar in Washington could hinder Trump from pursuing...
FxWirePro: USD/CAD pauses decline, downside risk remains
May 19, 2017 13:55 pm UTC| Technicals
The USD/CAD pair dipped on Friday as higher oil prices and weaker dollar across the board boosted oil co-related Canadian dollar. The dollar weakened this week on news that the U.S. Department of Justice will...
FxWirePro: US Dollar Index faces strong support at 89- WEMA, close below targets 95.90
May 19, 2017 13:38 pm UTC| Technicals
U.S dollar index trading extremely weak compared to previous week. The index broken 89- W EMA and declined till 97.2897.33 in the week. The jump from 91.92 to 103.82 will come to an end if it closes below 89 W EMA....
FxWirePro: EUR/USD weakness only below weekly cloud top, good to buy on dips
May 19, 2017 12:26 pm UTC| Technicals
The pair declined mildly after hitting six month high around 1.11719 yesterday. EUR/USD corrected till 1.10750 (21 W EMA) and once again jumped above 1.1100 level. It is currently trading around 1.11773. EUR/USD is...
May 19, 2017 12:03 pm UTC| Technicals
USD/CHF continues its losing streak for the fifth consecutive days and has closed well below the major support at 0.9812 low formed on Mar 27th 2017. The pair hits 0.97590 yesterday and is currently trading around...
FxWirePro: AUD/USD capped below major trendline resistance at 0.7470, bias higher
May 19, 2017 11:53 am UTC| Technicals
AUD/USD was rejected at major trendline resistance at 0.7470. The pair has retraced most of the days gains and is currently trading around 0.7431 levels. Technical studies are still biased higher. RSI and Stochs...
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