FxWirePro: GBP/USD strongly bearish despite upside attempts
Jan 03, 2017 17:05 pm UTC| Technicals
GBP/USD declined on Tuesday as sterling was weighted down after dollar was bolstered by positive U.S. data and upbeat economic reports from China and Germany. U.S. data showed factory activity accelerated to a...
FxWirePro: EUR/USD dips below lower range, bearish bias increases
Jan 03, 2017 14:32 pm UTC| Technicals
The EUR /USD pair declined on Tuesday as dollar racked up its biggest rise in more than two weeks in 2017s first full day after dealers and investors returned to push the greenback close to Decembers long-term...
Jan 03, 2017 13:07 pm UTC| Technicals Commentary
On intraday charts (4H charts), despite the upswings in thelast couple of trading sessions, we traced out an engulfing bearish candle pattern at 1.0695 levels after testing resistance at 21SMA that evidences the weakness...
US Dollar Index faces strong resistance at 103.65, any break above targets 104.80
Jan 03, 2017 12:37 pm UTC| Technicals
Major Resistance 103.65 (DEC 20th 2016 high) The U.S dollar index jumped sharply from the low of 101.91 and jumped till 103.47 at the time of writing. The index should break above 103.65 for further bullishness and...
Jan 03, 2017 11:49 am UTC| Technicals
Major intraday resistance- 87.67. Major support 86.87 (200- HMA). CAD/JPY breaks the major resistance 87.67 and jumped till 88.14 at the time of writing. It is currently trading around 88.01. The intraday...
FxWirepro:Sell EURUSD on rallies
Jan 03, 2017 11:32 am UTC| Technicals
Major support 1.03500 Major resistance 1.06750 (median line channel) The pair has broken major intraday support at 1.04300and declined till 1.03961 level. It is currently trading around 1.0420. Short term...
Jan 03, 2017 11:12 am UTC| Technicals
On 4H chart, after breaking major supports at DMAs, 1.4509 and 1.4455 levels, bear streaks have been intensified. We could foresee more downswings especially after bearish DMA crossover with bearish convergence in leading...
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