FxWirePro: GBP/USD strongly bearish despite upside attempts
Nov 15, 2016 19:07 pm UTC| Technicals
GBP/USD declined on Tuesday as sterling was weighted down after media reports refocused traders attention on the political risks associated with Britains departure from the European Union. A stronger U.S. dollar also...
FxWirePro: AUD/USD neutral in the near-term, scope for downward resumption
Nov 15, 2016 18:41 pm UTC| Technicals
AUD/USD pair declined on Tuesday as the pair was weighted down after dollar rose across the board after unexpectedly strong data on U.S. October retail sales. The greenback was also lifted in the wake of a higher...
FxWirePro: EUR/USD drops below 1.0750 as strong U.S. retail sales data boosts dollar
Nov 15, 2016 15:42 pm UTC| Technicals
The EUR /USD pair declined on Tuesday as dollar rose across the board after US retail sales data came better than expected. U.S. retail sales rose more than expected in October. Retail sales increased 0.8 percent last...
Nov 15, 2016 12:28 pm UTC| Technicals
Major resistance- 1.0850 (support turned into resistance) Major support -1.0700 The pair jumped sharply from the low of 1.07091 and broken minor pschycological resistance 1.08000. It is currently trading around...
Nov 15, 2016 11:51 am UTC| Technicals
Back to back Gravestone Dojis are traced out at 18.477 and 18.546 levels on daily plotting. As a result, the bulls have rejected at resistances upon the appearance of these shooting stars at peaks which are bearish in...
FxWirePro:EUR/USD faces strong resistance at 1.08500, good to sell on rallies
Nov 15, 2016 11:07 am UTC| Technicals
Major resistance- 1.0850 (support turned into resistance) Major support -1.0700 The pair jumped sharply from the low of 1.07091 and broken minor pschycological resistance 1.08000. It is currently trading around...
FxWirePro: Cable trades weak on softer CPI, good to sell on rallies
Nov 15, 2016 10:53 am UTC| Technicals
Major support - 1.2450 (trend line joining 1.21139 and 1.23744). Cable breaks major trend line support 1.24500 and declined till 1.2396 after UK CPI came lesser than expected.UK CPI was at 0.1% VS 0.3% exp. Short...
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