FxWirePro: GBP/USD regains upwards momentum but reversal likely
Jun 03, 2016 19:21 pm UTC| Technicals
Sterling rose sharply against the dollar on Friday after a disappointing U.S. jobs report sent the greenback lower, helping the pound cut down losses incurred earlier this week on worries about Britains future in the...
FxWirePro: USD/JPY neutral near-term, scope for downward resumption
Jun 03, 2016 18:20 pm UTC| Technicals
The USD/JPY pair sunk sharply towards lower levels on Friday, as the data showed US employment data came below expectation attracting investors back in the safe heaven Japanese yen. The Japanese yen also attracted...
Jun 03, 2016 12:14 pm UTC| Technicals
Pattern Formed- M-Shaped Pattern Major support- 109.60 The pair has broken major support 110.20 and declined till 109.60 at the time of writing. Any break below 110.20 will drag the pair down till 108.90...
FxWirePro: AUD/USD struggles at 200-DMA, markets cautious ahead of US NFP data
Jun 03, 2016 11:57 am UTC| Technicals
AUD/USD continues to struggle below 200-DMA as markets remain cautious ahead of crucial US non-farm payrolls data. Concerns over Chinese economic slowdown continues to weigh on the Aussie. Data released earlier...
Jun 03, 2016 11:40 am UTC| Technicals
Chart pattern formed- Double top Major resistance- 96 DXY has declined till 95.15 (100 4H EMA) and started to jump from that level. It is currently trading around 95.61. The major intraday resistance is...
ETH/USD trades slightly weak, decline till $13/$12.55 is possible
Jun 03, 2016 10:15 am UTC| Technicals
Major intraday support - $13.40 (23.6% retracement of $10.29 and $14.39) Major resistance- $14.40 (31st May high) The pair is facing minor intradayresistance of $14 for the day and any break above will take the...
BTC/USD breaks major resistance $550, targets $575/$630
Jun 03, 2016 08:53 am UTC| Technicals
BTC/USD has broken major resistance $550 and this confirms continuation of bullish trend. It is currently trading around $550.50. Short term trend is bullish as long as support $525 (7 day EMA) holds. On the...
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