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FxWirePro: EUR/GBP breaks major resistance at 0.8645, break above 50% Fib at 0.8761 could see further upside

May 31, 2017 10:54 am UTC| Technicals

EUR/GBP trades 0.29% higher at the time of writing, holds above 0.87 handle. Price action above 200-DMA (0.8596) and daily cloud, bias higher. The pair has broken above major trendline resistance at 0.8645....

FxWirePro: GBP/USD upside capped by 21- EMA, good to sell on rallies

May 31, 2017 10:31 am UTC| Technicals

Cable has shown a minor recovery till 1.28880 yesterday after hitting low 1.27750 on May 26th 2017. GBP declined against all majors as YouGov model suggests hung parliament after elections. The pair is currently trading...

GBP/CAD trades below 50 – day MA, dip till 1.7050 likely

May 31, 2017 10:28 am UTC| Technicals

Major support 1.7180 -1.7190 (Apr 21st low and 50- day MA). The pair took support near 50 day MA and shown a minor jump till 1.73728 on May 30th 2017. The upside capped by 5 DMA and once again declined below 50 day...

FxWirePro: AUD/NZD slumps to fresh multi-week lows, bias lower, test of 1.04 likely

May 31, 2017 10:23 am UTC| Technicals

AUD/NZD trades with a weak bias, scope for test of 1.04 levels. The pair has broken below 200-DMA and price action well below daily cloud. Technical studies are highly bearish, but RSI and Stochs at oversold...

FxWirePro: GBP/AUD hits fresh 4-week lows post UK data, bias lower, stay short

May 31, 2017 09:07 am UTC| Technicals

GBP/AUD breaks major trendline support at 1.7290, intraday bias lower. The pair has hits fresh 4-week lows post UK data as the pound remained well offered across the board. Data released showed slowing credit...

FxWirePro: USD/TRY hits fresh 2-week low at 3.5337 mark, faces strong support at 3.5183

May 31, 2017 07:57 am UTC| Technicals

USD/TRY is currently trading at 3.5402 levels. It made intraday high at 3.5524 and low at 3.5337 levels. Intraday bias remains bearish till the time pair holds key resistance at 3.5757 marks. Key resistances...

FxWirePro: NZD/CAD poised for further upside after 200-DMA breakout, stay long

May 31, 2017 07:22 am UTC| Technicals

NZD/CAD has shown a decisive breakout above 200-DMA, bias remains higher. The pair has steered clear of major trendline resistance at 0.95 levels. Technical studies are pointing for further gains in the...

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