
EURUSD trades weak, market awaits U.S Fed minutes meeting for further direction
Jul 05, 2017 11:17 am UTC| Technicals
EUR/USD declined sharply after hitting high at 1.14454 on Jun 29th 2017. The pair has broken minor support at 7- day MA at 1.13350 and declined till. It is currently trading around 1.13246. The pair has declined...

FxWirePro: AUD/CHF recovers RBA-led slump, hovers around 5-DMA at 0.7353, bias neutral
Jul 05, 2017 10:00 am UTC| Technicals
AUD/CHF recovers part of RBA led slump, hovers around 5-DMA at 0.7353. The Aussie came under intense selling pressure after RBA retained its neutral monetary policy stance and reiterated risks associated with rising...

FxWirePro: Cable trades lower on weak UK services PMI, good to sell on rallies
Jul 05, 2017 09:11 am UTC| Technicals
GBP has shown a major decline after forming a top 1.30297 on Jun 30th 2017 on account weak UK economic data. The pair broken major support at 1.2900 and is currently trading around 1.29030. Markit UK services hits...

FxWirePro: Copper breaks major support, bias lower, stay short
Jul 05, 2017 09:08 am UTC| Technicals
Copper extends decline from fresh 3-month highs at 2.717, bias lower. Technical indicators have turned bearish, RSI is biased lower and Stochs have shown rollover from overbought levels. On 4-hour charts, we see...

FxWirePro: GBP/JPY forms bearish bat pattern, good to sell on rallies
Jul 05, 2017 07:59 am UTC| Technicals
Harmonic Pattern Bearish Bat pattern. Potential Reversal Zone (PRZ)- 148.15 GBP/JPY is consolidating in narrow range between 146.93 and 145.14 for the past three trading session. The pair formed minor bottom...

Jul 05, 2017 07:04 am UTC| Technicals Insights & Views
It has been struggling momentum for the streaks of consecutive rallies of last 4 months. On 4H charts, we dont encourage longs despite current minor upswings. Instead, we are slightly bearish bias due to following...

FxWirePro: EUR/JPY struggles at 61.8% Fib, break above eyes weekly 200-SMA at 130.65
Jul 05, 2017 07:04 am UTC| Technicals
The single currency trade largely muted ahead of eurozone PMI data due later in the EU session. EUR/JPY recovered previous sessions dip, and is currently hovering around 5-DMA at 128.53. The pair has shown a...