FxWirePro: EUR/USD strongly bearish despite upside attempts
May 16, 2016 19:06 pm UTC| Technicals
EUR/USD pair advanced during early US session up to 1.1341, however it declined after sellers stepped in, as appetite riskier assets improved with the rise in oil prices. Further upside in this pair should be limited...
GBP/USD gains some upside momentum but still bearish
May 16, 2016 15:27 pm UTC| Technicals
The British pound has made short squeeze against US dollar by hitting high at 1.4406 during mid-morning US session, after the pair found support at 1.4333. However, the gains should be limited as the resistance level...
FxWirePro: USD/JPY rebounds, critical resistance at lies ahead
May 16, 2016 14:32 pm UTC| Technicals
The USD/JPY pair slipped towards 108.47 levels during early Asian session, however the pair pulled back some losses in early the US session. Currently the pair is trading around 108.83 levels, a short dip towards...
May 16, 2016 13:05 pm UTC| Technicals
Todays attempts of price bounces has struggled top 0.7125 levels (7DMA), it has bounced from testing supports at 0.7063 levels, but could not be able to clear 7DMA. While, daily RSI is indicative of weakness in this...
May 16, 2016 11:35 am UTC| Technicals
Major support 1.1250 (trend line joining 1.11527 and 1.12150) The pair has taken support near 55 day EMA and jumped till 1.13252 at the time of writing. It is currently trading around 1.13225 Short term trend is...
FxWirePro: Short AUD/USD on close below 200-DMA at 0.7259
May 16, 2016 10:21 am UTC| Technicals
AUD/USD trades with a major downward bias. The pair has broken major supports:- 1) Trendline @ 0.7555, 2) 55-EMA @ 0.7525, 3) 110-EMA @ 0.7415, 4) 200-DMA @ 0.7259. The pair has edged higher from session lows at...
FxWirePro: US Oil breaks major resistance $47, good to buy at dips
May 16, 2016 10:20 am UTC| Technicals
Major support - $45.40 (7 day EMA) US Oil has broken major resistance $47 and jumped till $47.16. It is currently trading around $47.14. Short term trend is bullish as long as support $45.40 holds. Any break...
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