FxWirePro: USD/CAD strongly bearish despite upside attempts
May 17, 2016 12:27 pm UTC| Technicals
The USD/CAD pair inched higher on Tuesday as crude oil prices declined, with the currency pair pulling back from daily lows reached in the early Europeansession. The pair hit low at 1.2833 before recovering to trade...
FxWirePro: BTC/USD faces strong resistance at $470, good to sell on rallies
May 17, 2016 12:03 pm UTC| Technicals
Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79 Minor trend is slightly bearish as long as resistance $470...
May 17, 2016 11:05 am UTC| Technicals
Loonie has raised above Friday high of 1.29572 and declined from that level yesterday . Overall yesterday trend was very weak on account of better than expected existing home sales data of Canada and stronger crude oil...
FxWirePro: GBP/USD trades weak on softer CPI, good to sell on rallies
May 17, 2016 09:20 am UTC| Technicals
Major Resistance 1.4550 Major support- 1.4445 (55 day 4H EMA) Cable has retreated from high of 1.45239 after softer CPI data. It is currently trading around 1.4470 level. UK CPI came at 0.3% y/y compared to...
FxWirePro: CAD/JPY faces strong support at 84.40, good to buy at dips
May 17, 2016 08:18 am UTC| Technicals
Major resistance 85.50 (12 May high) Major intraday support 83.60 CAD/JPY has recovered after making a low of 83.69. It is currently trading around 85.08. The pair has broken major intraday resistance 85...
May 17, 2016 07:47 am UTC| Technicals
The pair is testing resistance near 1.8672, despite the attempts of upswings in the current prices we reiterate constrained upside potential. Earlier also the sideway trend slipping as the bears to resume again as stiff...
FxWirePro: EUR/GBP breaks major support at 0.7830, focus on UK CPI data
May 17, 2016 07:39 am UTC| Technicals
GBP strengthens ahead of inflation data. Shorts squeezed amid growing support for anti-Brexit camp and strengthening oil prices. Focus remains on the much-awaited UK inflation report, which is due to be published at...
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