FxWirePro: EUR/USD gains some upside momentum but still bearish
Nov 24, 2016 16:02 pm UTC| Technicals
The EUR /USD pair inched slightly higher on Thursday as greenback bullish run paused against euro in thin trading volumes amid the U.S. Thanksgiving holiday. Recent positive U.S. economic data has helped to boost the...
Nov 24, 2016 13:25 pm UTC| Technicals
In this write-up, weve emphasized more on long-term prospects of USDZAR without disregarding short term trend as well. This weeks trading sessions have hampered last two weeks price gains that have spiked above DMAs but...
Nov 24, 2016 12:17 pm UTC| Technicals
Major resistance 1.3545 (trend line joining 1.35885 and 1.35642) Major support 1.3368 (23.6% retracement of 1.26544 and 1.35885) Loonie formed a temporary bottom around 1.33780 after jumping till 1.35885. The...
Nov 24, 2016 12:13 pm UTC| Technicals
The US dollar bulls seem to have taken a halt in the tight range between 1.3588 and 1.3378 against CAD, the bulls momentum shrinking away in tight range, after last weeks long legged doji formation at 1.3496 levels, this...
FxWirePro: GBP/USD struggles to close above 1.2500, good to sell on rallies
Nov 24, 2016 10:08 am UTC| Technicals
Major resistance- 1.2530 Major support -1.23000 (Nov 18th 2016 low) Cable is trading between 1.2673 and 1.2300 for the past nine trading session. The pair jumped sharply from the low of 1.19038. But bulls got...
Nov 24, 2016 09:27 am UTC| Technicals
The bulls attempts are restrained at 7DMA, more bearish rout underway as we see no bullish substantiation from any other technical indicators. As a result, the interim bulls drift in sideways, major downtrend still...
US Dollar index: Short term outlook
Nov 24, 2016 08:50 am UTC| Technicals
1. Policy divergence between US Fed and other major central banks 2. Donald Trump Trade deal 3. Technical Break out.(DXY broken high of 100.60 and jumped till 101.48 in previous week .In this week theindexbreaks high...
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