FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Oct 11, 2016 14:50 pm UTC| Technicals
The GBP/USD pair initially inched higher at the beginning of the US session but soon resumed its downside as investors upped their bets that Federal Reserve will raise U.S. interest rates before the end of the...
FxWirePro: EUR/USD dips below lower range, bearish bias increases
Oct 11, 2016 14:02 pm UTC| Technicals
The EUR/USD pair traded in lower range on Tuesday as investors viewed that Federal Reserve would raise interest rates before the end of the year, and doubts grew over Donald Trumps ability to win the U.S....
Oct 11, 2016 10:30 am UTC| Technicals
Major resistance- 97.02 (trend line joining 98.57 and 97.57). Major support 96.40 (resistance turned into support). US Dollar index has jumped sharply after declining till 96.40 on account of softer than...
EUR/USD faces strong support at 1.1100, break below targets 1.1000
Oct 11, 2016 09:54 am UTC| Technicals
EUR/USD has declined sharply after a slight jump till 1.1205 due to softer than expected US NFP data. The pair breaks below the major trend line support and declined slightly from that level. Any close below 1.1100...
FxWirePro: CAD/JPY faces trend line resistance at 79.10, good to buy on dips
Oct 11, 2016 08:58 am UTC| Technicals
Major resistance79 (trend line joining 82.52 and 80.31). Major support 77.45 (21- day MA). CAD/JPY has taken support near 10- day MA and started to jump from that level. It is currently trading around...
Oct 11, 2016 08:44 am UTC| Technicals
EUR/SEK is currently trading around 9.6996 levels. It made intraday high at 9.7218 and low at 9.6328 levels. Intraday bias remains bullish for the moment. A daily close above 9.70 is required to take the...
FxWireParoUS Dollar index trades above trend line resistance, good to buy on dips
Oct 11, 2016 08:38 am UTC| Technicals
Major resistance- 97.02 (trend line joining 98.57 and 97.57). Major support 96.40 (resistance turned into support). US Dollar index has jumped sharply after declining till 96.40 on account of softer than...
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