Jan 04, 2017 19:31 pm UTC| Technicals
The GBP/USD pair rose on Wednesday as upbeat UK manufacturing data, and a pause in the U.S. currencys upward march, pulled the pound up from a two-month low. British manufacturing growth climbed to a...
FxWirePro: EUR/USD gains some upside momentum but still bearish
Jan 04, 2017 15:40 pm UTC| Technicals
The EUR /USD pair inched higher on Wednesday as greenback bullish run paused against euro as investors were cautious about increasing bets on the greenback before getting fresh clues on the U.S. economy and the timing of...

FxWirePro:US Dollar Index struggles to close above 103.65, good to sell on rallies
Jan 04, 2017 12:57 pm UTC| Technicals
Major Resistance 103.65 (DEC 20th 2016 high) The U.S dollar index has made slight jump above 103.82 and declined from that level.The index should close above 103.65 for further bullishness and it is currently trading...

FTSE100 breaks major resistance 7130, jump till 7300 likely
Jan 04, 2017 12:54 pm UTC| Technicals
Major resistance 7130 (Oct 11th high). Major intraday support -6995 (10- day MA) . The index breaks major resistance at 7130 and slightly jumped till 7206 yesterday. FTSE100 hits 20 months high and is...

Jan 04, 2017 12:12 pm UTC| Technicals
Major resistance- 146 (61.8% retracement of 148.45 and 142.17) Major support - 143.50 (21- day EMA) GBP/JPY taken support near 21- day EMA and jumped sharply from that level. It is currently trading around...

Jan 04, 2017 11:11 am UTC| Technicals
Please note that Railroad pattern occurred at theresistance of 0.6959, Gravestone long-legged doji occurred as a result. The recent upswings have consistently rejected below a stiff resistance of 0.6969 levels. On...

FxWirePro:EUR/USD faces strong support at 1.03400, good to sell on rallies
Jan 04, 2017 10:02 am UTC| Technicals
Major resistance 1.0504 (21- day EMA). Major support 1.03400 EURUSD recovers once gain from the low of 1.03407 and broken the 1.04000 handle. It is currently trading around 1.04430. The pair should break...