FxWirePro: USD/JPY loses momentum but outlook is bullish
Jan 30, 2017 16:08 pm UTC| Technicals
USD/JPY declined on Monday as political uncertainty created by U.S. President Donald Trumps move to ban people from seven Muslim-majority countries, and elections in Europe, increased demand for safe-haven Japanese...
FxWirePro: GBP/USD pauses decline, downside risk remains
Jan 30, 2017 15:30 pm UTC| Technicals
GBP/USD declined on Monday as sterling was weighted down ahead of Thursdays first Bank of England meeting of 2017. The BoE is widely expected to revise up its short-term growth and inflation forecasts following...
FxWirePro: EUR/USD resumes downside after German inflation data
Jan 30, 2017 15:07 pm UTC| Technicals
The EUR /USD pair declined on Monday after German inflation data came in slightly weaker than expected, which took some pressure off the European Central Bank to wind down its stimulus programme. The latest figures...

Jan 30, 2017 12:36 pm UTC| Technicals
As stated in our previous write up, bearish rout has gone below strong support zone of 1.3280 levels. For now, the prices bounced back at thedouble top neckline but restrained at 7DMA, short rallies as bullish momentum...

Jan 30, 2017 12:17 pm UTC| Technicals
Major resistance 1.6530 (trend line joining 1.66270 and 1.65845). Major support 1.6400 (Jan 24th 2017 low). GBP/CAD shown a steady recovery from the low of 1.57360 made on Jan 16th 2017. The pair jumped till...

Jan 30, 2017 11:49 am UTC| Technicals
Major resistance 1.6530 (trend line joining 1.66270 and 1.65845). Major support 1.6400 (Jan 24th 2017 low). GBP/CAD shown a steady recovery from the low of 1.57360 made on Jan 16th 2017. The pair jumped till...

FxWirePro:DAX30 forms shooting star in the daily chart , good to sell on rallies
Jan 30, 2017 11:35 am UTC| Technicals
Candlestick pattern- Shooting star. Major support 11400 DAX30 formed a top around 11892 on Jan 26th 2017 and started to decline from that level. It is currently trading around 11725. In the daily chart the...