FxWirePro: AUD/USD consolidating around 0.7438, bias is bullish
May 16, 2017 17:17 pm UTC| Technicals
The AUD/USD pair held ground on Tuesday as dollar was hurt by weaker than expected U.S. housing data and concerns after political turmoil once more hit Washington. The weak housing data came after a New York state...
FxWirePro: USD/JPY changes short term trend from neutral to bearish
May 16, 2017 15:15 pm UTC| Technicals
USD/JPY declined on Tuesday as the dollar came under pressure after data showed U.S. homebuilding unexpectedly fell in April, adding to recent economic weakness that has raised new doubts over how many times the Federal...
FxWirePro: EUR/USD remains bullish as rally continues
May 16, 2017 14:09 pm UTC| Technicals
The EUR /USD pair rose on Tuesday as euros rally was reinforced by dollar losses prompted by allegations that U.S. President Donald Trump disclosed highly classified information to Russias foreign minister about a planned...
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
May 16, 2017 13:46 pm UTC| Technicals
The USD/CAD pair continued its decline on Tuesday as the Canadian dollar gained strength as oil extended further gains and the greenback lost further ground on signs of slower economic activity in the United...
FxWirePro: US Dollar Index breaks major support at 98.50, good to sell on rallies
May 16, 2017 13:21 pm UTC| Technicals
The index formed a minor top around 99.89 and declining from its high. DXY has broken major support at 98.50 and this confirms minor trend reversal, a decline till 98/97.25. It has declined till 98.25 and is currently...
May 16, 2017 12:43 pm UTC| Technicals
CHF/JPY broken the previous high of 114.31 made on May 8th 2017 and jumped till 114.67 at the time of writing. It is currently trading around 114.72. The pair short term trend is bullish and is expected to reach...
May 16, 2017 12:43 pm UTC| Technicals
CHF/JPY broken the previous high of 114.31 made on May 8th 2017 and jumped till 114.67 at the time of writing. It is currently trading around 114.72. The pair short term trend is bullish and is expected to reach...
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