FxWirePro: GBP/USD strongly bearish despite upside attempts
Mar 24, 2017 17:03 pm UTC| Technicals
GBP/USD declined on Friday as sterling was weighted as investors braced for Britains beginning the formal process of leaving the European Union next week. Investors worry that Prime Minister Theresa Mays invoking...
FxWirePro: USD/CAD loses momentum but outlook is bullish
Mar 24, 2017 15:57 pm UTC| Technicals
The USD/CAD pair inched higher on Friday as oil prices dipped slightly and dollar firmed ahead of a vote in Washington on healthcare reform, seen as pivotal for U.S. President Donald Trumps pro-growth agenda. Trump...
Mar 24, 2017 13:29 pm UTC| Technicals
Major intraday resistance 100.05 (trend line joining 100.88 and 100.47). Minor support 99.55. DXY has shown a minor rebound from the low of 99.55 made on Mar 22nd 2017. The index jumped till 100 and started to...
FxWirePro: Buy USD/CHF above 0.9960
Mar 24, 2017 13:27 pm UTC| Technicals
Major support 0.99140 (Trend line joining 0.95370 and 0.96788 and 200- day MA). Major intraday resistance 0.9960 (support turned into resistance). USD/CHF has shown minor jump till 0.99592 after showing a...
Mar 24, 2017 11:28 am UTC| Technicals
Although GBPAUD rallies have gone above 7WMAs on weekly plotting but remained well below 21WMA, for now, maximum upside potential is seen only upto stiff resistance of 1.6550 and 1.7049 levels. As you could see on the...
Mar 24, 2017 10:59 am UTC| Technicals
Major intraday resistance 100.05 (trend line joining 100.88 and 100.47). Minor support 99.55. DXY has shown a minor rebound from the low of 99.55 made on Mar 22nd 2017. The index jumped till 100 and started to...
FxWirePro: Buy USD/CAD above 1.3380
Mar 24, 2017 09:26 am UTC| Technicals
USD/CAD has recovered sharply after making a low of 1.32635 on Mar 21st 2017 low. It is currently trading around 1.33587. CAD is trading slightly weak against all major pairs on account of weak Crude oil prices. WTI...
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