
Jun 22, 2017 10:33 am UTC| Technicals
On daily charts, we dont encourage longs despite todays upswings. Instead, we are slightly bearish bias due to following technical indications. Shooting star bearish engulfing candles were traced out 1.1217 and 1.1147...

FxWirePro: US Dollar Index faces strong trend line resistance at 98.15, good to buy on dips
Jun 22, 2017 10:14 am UTC| Technicals
DXY has declined till 97.43 after showing a jump till 97.87. It is currently trading around 97.53. On the higher side, near term resistance is around 98.16 (trend line resistance joining 101.34 and 99.89) and any...

FxWirePro: AUD/CHF breaks below 50-DMA, good to go short on rallies
Jun 22, 2017 09:50 am UTC| Technicals
AUD/CHF rejected at cloud, edges lower from multi-week highs at 0.7430. The pair has edged lower to break below 50-DMA and bias lower. Downside has hit fresh weekly lows of 0.7334, has since pared losses to...

FxWirePro: GBP/NZD extends slump below 200-DMA, eyes trendline support at 1.7135
Jun 22, 2017 08:51 am UTC| Technicals
Sterling gives up BoE Chief Economist Andrew Haldanes hawkish comments led gains. On the other side, kiwi buoyed on upbeat economic assessment by the RBNZ at its monetary policy meeting today. GBP/NZD erases...

FxWirePro: Chinese yuan falls gradually against U.S. dollar, PBOC sets yuan mid-point at 6.8197
Jun 22, 2017 07:56 am UTC| Technicals
USD/CNY is currently trading around 6.8312 marks. It made intraday high at 6.8326 and low at 6.8249 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 6.8352 marks will...

Jun 22, 2017 07:08 am UTC| Technicals
NZD/USD spiked on upbeat economic assessment by the RBNZ at its monetary policy meeting today. Upside in the pair pauses at strong trendline resistance at 0.7270, further upside only on break above. Bearish...

FxWirePro: CAD/JPY upside capped by trend line resistance, good to sell on rallies
Jun 22, 2017 06:54 am UTC| Technicals
Major resistance 84.55 (trend line joining 88.66 and 87.72). CAD/JPY formed a top around 84.55 (trend line resistance) and started to decline from that level. The pair declined till 83.26 at the time of writing. It...