FxWirePro: GBP/USD gains some upside momentum but still bearish

Jul 12, 2017 13:34 pm UTC| Technicals

GBP/USD rallied on Wednesday after prepared remarks from Federal Reserve Chair Janet Yellen dampened growing expectations of more than one interest rate hikes for the rest of the year. In testimony to be delivered to...

FxWirePro: Streaks of signals pop up to short EUR/CZK – Falling wedge, whipsaws with bearish EMA crossover indicate extreme weakness

Jul 12, 2017 11:44 am UTC| Technicals Central Banks

EURCZK spot prices slide in falling wedge formation, as and when the abrupt upswings are observed the bears have been active at 21DMA (on the daily chart). Very recently, you could very well observe the failure swings...

FxWirePro: GBP/AUD on track to test 200-DMA at 1.6660, good to short rallies

Jul 12, 2017 11:20 am UTC| Technicals

GBP/AUD slips below 20-DMA at 1.6861, price action has fallen below daily cloud, intraday bias lower. Price has retraced break below strong trendline support seen at 1.6780 levels. The pair finds support at...

FxWirePro: WTI crude prices buzz with upside targets on 3-white soldiers and bullish DMA crossover, major fragile trend still remains intact

Jul 12, 2017 10:26 am UTC| Technicals Insights & Views

The strong support and stiff resistance are observed at 46.64 levels. For now, after test of strong support at 43.64, the formation of 3-white soldiers with bullish SMA crossover indicates more rallies on cards. We...

FxWirePro: EUR/USD Trade idea

Jul 12, 2017 10:19 am UTC| Technicals

EUR/USD broken the high of 1.14450 made on Jun 29th 2017 and jumped till 1.14893. The pair surges higher on expectations of ECB stimulus exit. It is currently trading around 1.14582. Market awaits Fed Chairman Jannet...

FxWirePro: NZD/JPY slips below 78.6% Fib, bias lower, good to short rallies

Jul 12, 2017 09:59 am UTC| Technicals

NZD/JPYhas failed to extend gains beyond 88.6% Fib, bias has turned bearish. The pair is now extending declines for 2nd consecutive session. Price action has fallen below the 82 handle after break below 5-DMA and...

FxWirePro: Sell USD/CHF on rallies

Jul 12, 2017 09:34 am UTC| Technicals

USD/CHF declined sharply after showing a minor jump till 0.96960 yesterday. The pair is still weak as long as resistance 0.9770 holds. Any break above 0.9770 will take the pair till 0.9845 (38% retracement of 1.03435...