FxWirePro: USD/CAD changes short term trend from neutral to bearish
Jun 08, 2017 16:32 pm UTC| Technicals
The USD/CAD pair declined on Thursday as the Canadian dollar gained strengthened against its broadly stronger U.S. counterpart shaking off lower oil prices, as investors assessed political uncertainty. The U.S. dollar...
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
Jun 08, 2017 14:42 pm UTC| Technicals
GBP/USD declined on Thursday as worries about the political landscape in the United Kingdom weighed on Sterling. Investors were awaiting British election results and Comeys testimony, which will turn the spotlight on...

FxWirePro: USD/CHF upside capped by 10- MA, good to buy on dips
Jun 08, 2017 14:03 pm UTC| Technicals
USD/CHF broken week long trend line resistance at 0.9567 and shown a minor jump till 0.96775. It is currently trading around 0.96856. In the hourly chart the pair is trading slightly above hourly Tenkan-Sen and...
FxWirePro: EUR/USD dips after ECB policy decision ,more downside expected
Jun 08, 2017 13:48 pm UTC| Technicals
The EUR /USD pair declined on Thursday after the European Central Bank kept interest rates on hold and said it would keep money taps fully open and repeated interest rates would stay at record lows. The ECB dropped a...

FxWirePro: Sell EUR/USD on rallies
Jun 08, 2017 12:54 pm UTC| Technicals
EUR/USD declined slightly after ECB meeting. ECB has kept its interest rates unchanged at 0% and dropped any reference for further rate cut. It is ready to extend its QE program if needed. The pair dipped till 1.12060 and...

Jun 08, 2017 11:30 am UTC| Technicals
Canadian dollar is trading lower against all major pair yesterday on account of weak oil prices. Loonie jumped sharply till 1.35237 after forming minor bottom around 1.34263 yesterday. It is currently trading around...

FxWirePro: USD/CAD breaks minor trend line resistance, jump till 1.3635 likely
Jun 08, 2017 10:43 am UTC| Technicals
Canadian dollar is trading lower against all major pair yesterday on account of weak oil prices. Loonie jumped sharply till 1.35237 after forming minor bottom around 1.34263 yesterday. It is currently trading around...