FxWirePro: AUD/USD cheered by upbeat data, but more downside expected
May 31, 2016 16:33 pm UTC| Technicals
The Australian dollar rebounded strongly against US dollar on Tuesday following encouraging economic data, dragging the pair all the way above 0.7250 levels. However after finding resistance at 0.7265, the pair retreated...
FxWirePro: USD/CAD maintains bullish bias with focus on 1.3150 levels
May 31, 2016 14:49 pm UTC| Technicals
USD/CAD gathered momentum on Tuesday after Canadian economic growth accelerated less than expected in the first three months of the year and boding poorly for second quarter that is expected to be impacted by Albertas...
May 31, 2016 12:01 pm UTC| Technicals
Major resistance -0.7155 (trend line joining 0.7245 and 0.7200) AUD/CHF has violated trend resistance and jumped till 0.7195 at the time of writing. It is currently trading around 0.71785. Aussie traded higher...
May 31, 2016 11:19 am UTC| Technicals
Reversal signal is generated from series of bearish candles at whipsaws on 7DMA. Shooting star candle patterns are occurred quite frequently within the whipsaws range (see circled areas within sideways. For now, we...
FxWirePro: EUR/USD faces strong resistance at 1.1180, good to sell on rallies
May 31, 2016 10:03 am UTC| Technicals
Major intraday Resistance- 1.1155 (21 day 4 HMA and also trend line joining 1.12168 and 1.1200) Major support 1.1100 (200 day MA) Euro has jumped till 1.11548 today and declined from that level. It is currently...
FxWirePro: ETH/USD faces strong support at $12, good to buy at dips
May 31, 2016 08:44 am UTC| Technicals
Major support - $11.97 (21 day MA) The pair has taken support near $12 and slightly recovered from that level. It is currently trading around $12.60. ETH/USD minor resistance is around $13.11 and any break above...
FxWirePro: EUR/JPY rejected at session highs 124.13, EZ inflation data awaited for further direction
May 31, 2016 08:32 am UTC| Technicals
EUR/JPY was rejected at session highs by 124.13, has slipped below 124 handle to currently trade at 123.45. The shared currency is losing the grip in the European session as we head into eurozone flash inflation...
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