FxWirePro: EUR/USD rallies towards 1.1380 levels, but reversal is likely
Apr 06, 2016 14:55 pm UTC| Technicals
The EUR/USD pair jumped up towards 1.1400 after US market opened as the pair once again found buying interest around 1.1329 price zone. However the pair was unable to move above 1.1400 ahead of the major FOMC meeting...
FxWirePro: GBP/USD holds above 1.4050 but upside is limited
Apr 06, 2016 13:35 pm UTC| Technicals
Sterling declined sharply to hit 1-month low against the greenback on Wednesday, as the sterling stumbled again on Brexit fears . The pair lost over 160 pips so far, having been under strong selling pressure since the...
FxWirePro: USD/JPY pauses decline, downside risk remains
Apr 06, 2016 13:17 pm UTC| Technicals
USD/JPY pair in the early US session has paused to trade around 110.35 levels, having declined down earlier towards 110.22 during the previous European session. The pair is trading a few pips above its daily opening,...

Apr 06, 2016 13:12 pm UTC| Technicals
Canadas trade deficit increased to its largest in 4 months CAD 1.9 billion in February of 2016 from a downwardly revised CAD 0.63 billion gap in January and above market expectations of CAD 0.9 billion. Exports dropped...

FxWirePro: CAD/JPY downtrend intact- add leveraging effects via digital puts
Apr 06, 2016 13:01 pm UTC| Technicals
You see a day highs at 84.274 to drop back to form a bear candle with US session to spare. Seems quite weaker after break below support at 84.348 levels. Current prices are well below 7 21DMAs. Most notably, you...

Apr 06, 2016 12:27 pm UTC| Technicals
This pairs bearish strength has been extremely robust after violating supports at 94.3766, Sterling managed to gain against Indian rupee but collapsed at day highs of 97.3747 levels (see circled areas how strongly it has...

Cable breaks major support at 1.4050, decline till 1.3920 is possible
Apr 06, 2016 12:04 pm UTC| Technicals
Major support - 1.4050 (Mar 16th 2016) Major Intraday Resistance - 1.4010 (Support turned into resistance) Cable has broken major support 1.4050 and declined till 1.40280 at the time of writing from that level....