FxWirePro: GBP/USD dips below lower range, bearish bias increases
Aug 22, 2017 14:39 pm UTC| Technicals
GBP/USD declined on Tuesday as sterling was weighed down by an uncertain economic outlook that has quashed expectations of a rise in Bank of England interest rates. The pound has fallen more than 3 percent since the...
FxWirePro: EUR/USD neutral in the near-term, scope for downward resumption
Aug 22, 2017 14:21 pm UTC| Technicals
The EUR /USD pair declined on Tuesday as a broadly resurgent greenback prompted investors to square positions in a thin market before a central bank conference this week. The single currency slipped 0.6 percent...
FxWirePro: USD/CAD retains bearish outlook with scope to target 1.2450
Aug 22, 2017 14:11 pm UTC| Technicals
The USD/CAD pair continued to dip on Tuesday as robust domestic retail sales data for June bolstered expectations the Bank of Canada could raise interest rates in October. Retail sales, which hit a record C$48.99...
FxWirePro: US OIL 2618 Trade Setup
Aug 22, 2017 13:04 pm UTC| Technicals
Pattern Formed 2618 pattern US Oil has formed a temporary top around $50.40 and started to decline from that level. Crude decline till $46.44 on Aug 17th 2017 and is currently trading around $47.42. The...
Aug 22, 2017 12:28 pm UTC| Technicals
Major intraday Resistance 1.25850 (trend line joining 1.27781 and 1.26910). The pair shown a minor recovery from the low of 1.25477 yesterday on account of slight dip in crude oil prices. Short term trend is still as...
FxWirePro: EUR/USD lacks direction ahead of Jackson Hole, good to stay away
Aug 22, 2017 12:19 pm UTC| Technicals
EUR/USD has trimmed its gain made yesterday. The pair jumped till 1.18284 yesterday and is currently trading around 1.17704. Markets are lacking clear direction ahead of Jackson Hole symposium which is to be started...
FxWirePro: AUD/JPY holds cloud support, break below eyes 200-DMA at 85.15
Aug 22, 2017 11:24 am UTC| Technicals
AUD/JPY was rejected at highs around 86.92, has slipped lower to currently trade at 86.40 levels. 20-DMA at 87.26 weighs heavily on the upside, we see further gains only on break above. The pair is trading in a...
Shiba Inu Whale Transactions Jump 115%, SHIB Price Nears Crucial $0.000016 Level