FxWirePro: USD/CAD rises to 2-week highs, maintains bullish bias
May 04, 2016 17:14 pm UTC| Technicals
USD/CAD pair rose on Wednesday as Canadian dollar was weighted down by falling crude oil prices and disappointing domestic trade data. The intraday trend remains bullish for the pair as the oil co-related Canadian...
FxWirePro: EUR/USD resumes downside after failing to break above 1.1550 levels
May 04, 2016 14:42 pm UTC| Technicals
The EUR/USD pair has declined towards lower levels on Wednesday, as the US dollar gained strength across the board after data showed ISM Non-Manufacturing PMI rose in April. The Index of Non-Manufacturing activity...
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
May 04, 2016 13:17 pm UTC| Technicals
The GBP/USD pair declined sharply in early the European session to hit low at 1.4460. However, after negative US ADP Nonfarm Employment data the pair rebounded back in quick succession and erased the all the earlier losses...
FxWirePro: Trade iron butterfly in shrinking USD/CHF IVs and bearish neutral risk reversals
May 04, 2016 12:59 pm UTC| Technicals
OTC Outlook: ATM implied volatilities are considerably shrinking away, slipped below 9% (to be precise 8.76% for 2W expiries and 8.68% for 1M expiries). While, risk reversals have also been in sync with IVs and spot...
May 04, 2016 12:35 pm UTC| Technicals
On daily charts, Dragonfly Doji taking support at channel base at 0.9541. The pair has rejected stiff resistance at 0.9786 levels, as a result, after 6 days of continuous bear streaks it has now shown a little sense of...
May 04, 2016 12:18 pm UTC| Technicals
Pattern Formed Shooting Star Potential Reversal Zone 1.1620 The pair has retreated after making a high of 1.16161 yesterday.It is currently trading around 1.14890. Short term trend is slightly bearish as...
FxWirePro: AUD/USD strongly bearish despite upside attempts
May 04, 2016 12:14 pm UTC| Technicals
AUD/USD pair declined to hit low at 0.7460 on Wednesday as the pair failed to break resistance level located at 0.7515 in the early Asian session. However, the pair has managed to rebound after testing support level...
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