FxWirePro: GBP/USD intraday upside momentum strong after UK retail sales beats forecasts
May 18, 2017 13:41 pm UTC| Technicals
GBP/USD rose on Thursday as sterling was boosted after British retail sales growth topped forecasts, easing concerns about the broader outlook for the economy this year. Retail sales volumes rose 2.3 percent on the...
FxWirePro: U.S Dollar Index Trade idea
May 18, 2017 12:32 pm UTC| Technicals
U.S dollar index trading extremely weak compared to previous week. The index broken strongly 55- W EMA and declined sharply till 97.33 in the week. The jump from 91.92 to 103.82 has come to an end since it has broken...
FxWirePro: CAD/JPY trades below trend lien support, good to sell on rallies
May 18, 2017 11:28 am UTC| Technicals
Major support 81.50 (trend line joining 75.49 and 80.57). CAD/JPY formed minor top at 83.75 after making a low of 80.57 on Apr 21st 2017 low. The pair is showing a decline for two consecutive days and also broken...
FxWirePro: Cloud caps upside in NZD/JPY, good to short rallies
May 18, 2017 11:05 am UTC| Technicals
Daily Ichimoku cloud weighs on the upside, NZD/JPY struggles to break through. Technical indicators on daily charts are heavily bearish. The pair finds strong trendline support at 76 levels, break below will see...
FxWirePro: NZD/USD closes above 20-DMA, bias higher, stay long
May 18, 2017 10:40 am UTC| Technicals
NZD/USD closed above 20-DMA on Wednesdays trade, intraday bias higher. Upside in the pair pauses at 23.6% Fibo at of 0.7375 to 0.6817 fall at 0.6950. Break above will see further upside. Next bull target is...
FxWirePro: 5-DMA caps upside in EUR/JPY, good to go short on rallies
May 18, 2017 10:07 am UTC| Technicals
EUR/JPY recovery was rejected at 5-DMA at 124.09, the pair down over 0.80% on the day. The pickup in risk aversion providing extra support to the safe haven JPY. While EUR extends weakness ahead of ECB...
fxWirePro:U.S Dollar Index Weekly Outlook
May 18, 2017 09:45 am UTC| Technicals
U.S dollar index trading extremely weak compared to previous week. The index broken strongly 55- W EMA and declined sharply till 97.33 in the week. The jump from 91.92 to 103.82 has come to an end since it has broken...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects