FxWirePro: Gold heads deeper into bear territory as US rate hike outlook weighs
May 24, 2016 19:01 pm UTC| Technicals
The yellow metal extended its decline on Tuesday from previous session, losing more ground from previous days losses to hit fresh four week low as the view supported that Federal Reserve will raise interest rate in...
FxWirePro: USD/CAD runs out of steam but, upside bias remains
May 24, 2016 18:03 pm UTC| Technicals
Canadian dollar firmed against broadly stronger dollar on Tuesday as higher oil prices helped Canadian dollar reduce some losses against green back. However, the ongoing bullish trend is set to continue for this pair...
FxWirePro: USD/JPY consolidates around 109.99 levels, bias remains bullish
May 24, 2016 16:03 pm UTC| Technicals
The USD/JPY rose on Tuesday as increased speculation for an interest rate hike in coming months from Federal Reserve strengthened dollar across the board. Traders expectation of a rate increase from Federal Reserve...
FxWirePro: GBP/USD remains bullish as rally continues
May 24, 2016 14:25 pm UTC| Technicals
The Sterling surged higher against the greenback on Tuesday, extending above 1.4600 levels its highest level in more than 4 days, before retreating back towards 1.4592 levels in the early US session. The GBP got a...
May 24, 2016 12:22 pm UTC| Technicals
Major resistance- 95.50 (May 19th 2016 high) Major support 94.80 (55 day 4 H EMA) US Dollar index has surged past 95.50 and jumped till 95.54 at the time of writing. It is currently trading around...
FxWirePro: CAD/JPY forms Bullish Gartley Pattern, good to buy at dips
May 24, 2016 11:32 am UTC| Technicals
Harmonic Pattern Formed- Bullish Gartley pattern Potential Reversal Zone (PRZ) 82.25 CAD/JPY has completed its Bullish Gartley Pattern at 82.90. It is currently trading around 83.35 level. Short term trend...
US Dollar Index breaks major resistance at 95.20, jump till 96.40 is possible
May 24, 2016 11:29 am UTC| Technicals
Major resistance- 95.50 (May 19th 2016 high) Major support 94.80 (55 day 4 H EMA) US Dollar index has surged past 95.50 and jumped till 95.54 at the time of writing. It is currently trading around...
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