FxWirePro: US Dollar Index Daily Outlook
Sep 13, 2017 12:38 pm UTC| Technicals
US Dollar index has recovered mildly till 92.08 yesterday after making a low of 91.01 level. It is currently trading around 91.86. Short term trend is still weak as long as resistance 92.63 (20- day MA and also trend...
Sep 13, 2017 12:24 pm UTC| Technicals
Cable has broken high of 1.32241 made on Sep 8th 2017 and is trading near year high (1.32680) on account of better than expected UK CPI data. UK CPI data m/m came at 0.6% compared to forecast of 0.5% and core CPI Y-Y...
Sep 13, 2017 12:10 pm UTC| Technicals
Cable has shown huge jump after breaking major resistance 1.32680 yesterday and hits fresh year high at 1.33250. The pair has pared some of its gain after weaker than expected UK jobs data. UK wage growth in Jul y-y...
Sep 13, 2017 11:31 am UTC| Technicals
Copper is extending correction from multi-year highs at 3.176 hit last week. Price has slipped below W 5-SMA at 3.0238 and technical indicators have turned bearish on daily charts. RSI and Stochs are on verge of...
FxWirePro: Cloud caps upside in GBP/AUD, further gains only on break above
Sep 13, 2017 10:27 am UTC| Technicals
GBP/AUD broke out of downward sloping channel at 1.6465 on Tuesdays trade. The pair is currently struggling to get past stiff resistance by daily cloud at 1.6608. Price was rejected at cloud base, the major has...
Sep 13, 2017 10:22 am UTC| Technicals
Ever since the hammer pattern has occurred at 1.2339 levels, the bullish pattern has managed to clear the major resistances. The current prices remain well above DMAs despite the price dips for the day. The minor trend...
FxWirePro: EUR/USD upside capped by 1.2000 level, good to sell on rallies
Sep 13, 2017 10:05 am UTC| Technicals
EUR/USD has shown a minor recovery after hitting low of 1.19263 yesterday. The pair formed a temporary top around 1.20920 33- month high on Aug 8th 2017. It is currently trading around 1.19691. The pair upside capped...
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