FxWirePro: AUD/USD approaching resistance level at 0.7448, sell deals are recommended below 0.7445
Jul 08, 2015 14:03 pm UTC| Technicals
AUD/USD bounced back from 0.7370 level (July 8st lows ) and is trying to test resistance level at 0.7448 (61.8% Retracement Level). The pair is currently trading around 0.7431 levels. It is expected decline further...
FxWirePro: USD/CAD breaks resistance at 1.2730, buy deals are recommended above 1.2685
Jul 08, 2015 13:09 pm UTC| Technicals
USD/CAD broke resistance at level at 1.2730, and is advancing further towards next resistance level. The pair is set to continue its bullish trend towards 1.2800 and 1.2850 later The currency is trading at 1.2760...
EUR/GBP breaks channel resistance at 0.7150, jump till 0.7250 is possible
Jul 08, 2015 12:47 pm UTC| Technicals
RES 4: 0.7925 (61.8% retracement of 0.7482 and 0.6986) RES 3: 0.7250 (Jun 16th high) RES 2: 0.7210 (Jun 22nd high) RES 1: 0.7171(200 day 4HMA) PRICE: 0.7183@ 12:46 GMT SUP 1: 0.7131 (7 day 4 H EMA) ...
FxWirePro: EUR/USD trades in narrow range, good to sell on rallies
Jul 08, 2015 12:13 pm UTC| Technicals
RES 4: 1.1178 (Support turned into resistance) RES 4: 1.1140 (Jul 3rd high) RES 3: 1.1100 (Jul 6th high) RES 2: 1.1030 (20 day 4 HMA) PRICE: 1. 10316 @ 12:09 GMT SUP 1: 1.1100 SUP 2 :1.10720...
Jul 08, 2015 11:55 am UTC| Technicals
Support 3- 1.0886 (61.8 % Fibonacci retracement) Support 2- 1.0915 (July 7, 2015 Low) Support 1- 1.0970 (50% Fibonacci retracement) Spot Rate- 1.1023 Resistance 1- 1.1090 (38.2 Fibonacci retracement) Resistance 2-...
USD/JPY breaks major support 121.80, decline till 120 is possible
Jul 08, 2015 11:15 am UTC| Technicals
RES 4 :123.70 (Jul 7th high) RES 3 : 123.03 (61.8% retracement of 125.84 and 121.30) RES 2: 122.56 (7 day W EMA) RES 1: 122 PRICE: 121.56 @ 11:05 GMT SUP 1: 121.25 (161.8% retracement of 122.47 and...
Likely contraction in Canada's economy increases the odds of another BoC rate cut
Jul 08, 2015 10:03 am UTC| Technicals
We see a high probability of Bank of Canada cutting rates next Wed to support Canadas flagging economy. Canadian economy is tracking well below the 1.9% pace expected by the Bank of Canada in its April 2015 MPR. In the...
FxWirePro- Major Economic Events for the day