
Jun 07, 2017 12:40 pm UTC| Technicals
Harmonic pattern formed Bullish AB=CD. Potential Reversal Zone (PRZ) - 140.70. GBP/JPY has formed minor bottom around 140.70 and recovered slightly from that level. It is currently trading around...

FxWirePro: EUR/USD trades slightly lower, market waits Super Thursday for further direction
Jun 07, 2017 10:58 am UTC| Technicals
EUR/USD declined sharply once again sharply after hitting 1.12837 level. It is currently trading around 1.12056. Market awaits super Thursday (UK elections, ECB meeting AND Former FBI chief Comey testimony). The...

FxWirePro: AUD/CAD breaks above 100-DMA, bias higher, stay long
Jun 07, 2017 10:36 am UTC| Technicals
AUD/CAD has shown a decisive breakout above 100-DMA at 1.0104. We see scope for further upside in the pair. Strong support seen by weekly cloud top at 0.9999. Technical indicators have turned bullish for the...

FxWirePro: GBP/USD consolidates in narrow range, good to buy above 1.2950
Jun 07, 2017 10:05 am UTC| Technicals
GBP/USD is consolidating in narrow range for the past five trading session on account of U.K elections which is going to be held on Friday. It is currently trading around 1.29190. Currency markets and analysts are...

FxWirePro: GBP/AUD holds minor support at 1.7066, good to short break below
Jun 07, 2017 09:54 am UTC| Technicals
GBP/AUD extending downside for 4th consecutive session, scope for further downside. British pound dented by election jitters and weak growth. On the other side, Australias quarterly GDP growth came-in at 0.3%,...

Jun 07, 2017 09:30 am UTC| Technicals
On daily charts of this energy commodity prices, although the bulls attempt to bounce the strong resistance at 48.16 levels (7DMA) have restrained (day highs at 48.20). The shooting star occurred at 51.27 levels,...

FxWirePro: S&P500 forms potential Bearish CD pattern, good to sell on rallies
Jun 07, 2017 09:03 am UTC| Technicals
Harmonic pattern Bearish AB=CD pattern Potential Reversal Zone (PRZ) 2445. SP500 winning streak is on hold after hitting high of 2440 on Jun 2nd 2017 and is consolidating around 2425 and 2440 for the past two...