
FxWirePro: EUR/SEK back above 9.27 mark, good to sell on rallies
Jun 01, 2016 08:11 am UTC| Technicals
EUR/SEK is currently trading around 9.2763 levels. It made intraday high at 9.2806 and low at 9.2615 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.3039 marks. A daily...

FxWire Pro: EUR/GBP edges above 0.77 handle, on track to test 100-DMA at 0.7792
Jun 01, 2016 07:54 am UTC| Technicals
EUR/GBP has bounced off major trendline support at 0.7570 and is attempting to reclaim the 0.77 handle. Pair has hit highs of 0.7703 and is currently trading at 0.7691, eyes 100-DMA at 0.7792. UK manufacturing...

FxWirePro: EUR/AUD breaks 21-DMA support, good to sell rallies
Jun 01, 2016 07:08 am UTC| Technicals
EUR/AUD has broken below major support at 1.5472 and has hit session lows at 1.5238. The pair remains capped below major trendline resistance (currently at 1.56). Pair sliding down along trendline resistance,...

FxWirePro: Chinese Yuan hits fresh 5 –month low against US dollar as manufacturing PMI falls in May
Jun 01, 2016 07:07 am UTC| Technicals
USD/CNY is currently trading around 6.5922 marks. It made intraday high at 6.5934 and low at 6.5775 levels. Intraday bias remains bullish till the time pair holds key support at 6.5710 levels. A sustained...

FxWirePro:CAD/JPY trades weak on weaker than expected GDP, good to sell on rallies
Jun 01, 2016 06:54 am UTC| Technicals
Major support- 84.50 (trend line joining 82.90 and 83.89) Major resistance 85.50 (May 31st high) CAD/JPY has declined after making a high of 84.85 yesterday on weaker than expected Canadian GDP...

FxWirePro: NZD/JPY rejected at channel top, sell rallies, target 73.80
Jun 01, 2016 06:21 am UTC| Technicals
NZD/JPY was rejected at channel top by 75.45 and has slipped lower to hit session lows of 74.44. Technicals on 4H charts support further downside in the pair, RSI, Stochs biased lower and MACD line shows bearish...

US oil forms M-Shaped pattern, good to sell below $48.60
Jun 01, 2016 06:16 am UTC| Technicals
Pattern Formed -M- shaped pattern Major support $48.60 US oil has jumped till $50.08 yesterday but not able break above $50.18 high made on May 26th 2016. The recent rally in WTI crude was fuelled by...