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...
May 16, 2017 10:58 am UTC| Technicals
The bears resume on failure swings at stiff resistances of 114.339 levels, more slumps likely as momentum turned into bearish. Failure swings at stiff resistance at 118.796 but current prices attempting to bounce back...
FxWirePro: CHFJPY breaks major resistance 114.30, jump till 115.50 likely
May 16, 2017 10:57 am 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 114.67. The pair short term trend is bullish and is expected to reach...
FxWirePro: GBP/USD jumps on stronger headline CPI, good to sell on rallies
May 16, 2017 09:45 am UTC| Technicals
Cable retreats after hitting high of 1.29572 on account of stronger headline CPI data. U.K CPI came at 0.5% compared to forecast of 0.4%. The pair broken the minor support at 1.2900 and declined till 1.28780. Cable...
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