FxWirePro: GBP/USD reverses recent rally, bias back to downside
Oct 27, 2016 18:29 pm UTC| Technicals
The GBP/USD pair declined on Thursday, as the Pound found short selling interest after brief rise towards 1.2270 on upbeat UK GDP data. The pair eased to intraday low at 1.2147, after hitting one-week high early in...
FxWirePro: USD/JPY maintains bullish bias with focus on 105.80 levels
Oct 27, 2016 15:22 pm UTC| Technicals
USD/JPY rose on Thursday as dollar rallied across the board after upbeat US economic data and on expectations that Federal Reserve was on track to raise interest rates in December. U.S. economic data showed an upward...
FxWirePro: EUR/USD neutral in the near-term, scope for downward resumption
Oct 27, 2016 14:01 pm UTC| Technicals
The EUR /USD inched slightly higher on Thursday after dollar paused its rally as the market waited for more signs about the timing of an expected U.S. interest rate rise from the Federal Reserve. New orders for U.S....

Oct 27, 2016 13:13 pm UTC| Technicals
This pair seemed little weaker after hitting all-time highs of 3.1175 and dropping since then. But for now, it has taken supports at 3.0666 levels and bouncing back again with a healthy bullish momentum. The pair has...

FxWirePro: NZD/USD struggles to close above 20-DMA, intraday bias lower
Oct 27, 2016 12:14 pm UTC| Technicals
NZD/USD struggles to extend gains above 20-DMA, major resistance on the upside. After a brief pause on Tuesday, the pair is extending downside from 2-week highs of 0.7267 hit on 20th Oct. Technical indicators...

Oct 27, 2016 11:58 am UTC| Technicals
Candle Stick pattern formed Shooting Star The pair jumped sharply till 1.000 on 25th Oct and declined sharply from that level. It is trading around 0.99336. Short term trend is weak as long as resistance 1.000...

Oct 27, 2016 10:01 am UTC| Technicals
On intraday charts (4H charts), despite the upswings in thelast couple of trading sessions, we traced out a long legged doji pattern at 1.0836 levels after testing resistance at this juncture in the recent times that...