FxWirePro: USD/CAD strongly bearish despite upside attempts
Jun 14, 2017 14:51 pm UTC| Technicals
The USD/CAD pair declined on Wednesday as increased bets that Bank of Canada will hike interest rate this year and weaker dollar across the board boosted Canadian dollar. Chances of a rate hike this year have surged...

Jun 14, 2017 11:35 am UTC| Technicals
Cable shown a huge sell off after hitting a high of 1.27935 on account of weaker than expected U.K jobs data. The pair hits the low of 1.27257 at the time of writing. It is currently trading around 1.27405. UK workers...

FxWirePro: Copper finds strong support at 2.583, good to go short on decisive break below
Jun 14, 2017 11:35 am UTC| Technicals
Copper fails to hold break above channel top, slips back into daily cloud. Downside is holding strong support at 2.583, break below could see further drag. Technical indicators support downside, RSI is biased...

FxWirePro: GBP/USD declines sharply as real wages fall again, good to sell on rallies
Jun 14, 2017 09:53 am UTC| Technicals
Cable shown a huge sell off after hitting a high of 1.27935 on account of weaker than expected U.K jobs data. The pair hits the low of 1.27257 at the time of writing. It is currently trading around 1.27414. UK workers...

FxWirePro: GBP/NZD rejected at 200-DMA, bias lower, stay short
Jun 14, 2017 09:42 am UTC| Technicals
GBP/NZD trades a narrow range, upside rejected around 200-DMA at 1.7706. The pair was extending previous sessions gains, but recovery lacks traction. Major resistance seen at 0.770 (converged 5 200 DMA), further...

FxWirePro: S&P500 forms Bearish CD pattern, good to sell on rallies
Jun 14, 2017 08:21 am UTC| Technicals
Harmonic pattern Bearish AB=CD pattern. Potential Reversal Zone (PRZ) 2445. SP500 is consolidating in narrow range between 2445 and 2404 for the past ten trading session. It is currently trading around...

FxWirePro: Silver remains well supported below $17.00 mark ahead of FOMC rate decision
Jun 14, 2017 08:00 am UTC| Technicals
XAG/USD is currently trading around $16.86 marks. It made intraday high at $16.92 and low at $16.78 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.95 mark. A daily close...