FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Aug 23, 2017 15:20 pm UTC| Technicals
The Sterling remained in strong bearish tone against dollar on Wednesday as worries about Britains economic prospects and the Brexit process encouraged investors to push the pound lower. The government is striving to...
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Aug 23, 2017 14:41 pm UTC| Technicals
USD/JPY declined on Wednesday as dollar edged down after U.S. President Donald Trump raised the spectre of a government shutdown to fulfill a campaign pledge, but overall moves among major currencies were limited ahead of...
FxWirePro: EUR/CAD holds 50-DMA support at 1.4768, weakness only on break below
Aug 23, 2017 12:01 pm UTC| Technicals
EUR/CAD has taken support at 50-DMA at 1.4768. We see weakness only on break below. The shared currency remains bid following the release of better-than-expected flash Euro-zone PMI prints for August. Also,...
FxWirePro: EUR/GBP finds major resistance at 0.9215, break above needed for further upside
Aug 23, 2017 11:38 am UTC| Technicals
EUR/GBP finds major resistance at 0.9215, we see further upside only on break above. The pair has failed to break above, edges lower to currently trade at 0.92 levels. EUR/GBP hits fresh 10-month highs at 0.9213....
Aug 23, 2017 11:02 am UTC| Technicals
Cable has broken major support at 1.2850 (cloud bottom) and closed slightly below that level. The pair declined till 1.27918 at the time of writing and is currently trading around 1.28081. The daily close the cloud...
FxWirePro: EUR/USD trades in narrow range, market eyes Jackson Hole
Aug 23, 2017 10:07 am UTC| Technicals
EUR/USD has shown a minor jump in European session after better than expected PMI data. The pair jumped till 1.17939 at the time of writing and is currently trading around 1.17821. The flash Markit Eurozone PMI came...
FxWirePro: Watch out for triangle breakout in AUD/JPY to go short, target 200-DMA at 85.17
Aug 23, 2017 10:06 am UTC| Technicals
AUD/JPY capped below 50-DMA at 86.74, trades 0.40% lower at the time of writing, bias lower. The pair is trading in a Symmetric Triangle pattern and triangle breakout will provide further direction. 20-DMA at...
Shiba Inu Whale Transactions Jump 115%, SHIB Price Nears Crucial $0.000016 Level