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GBP/USD breaks below minor support 1.5150, targets 1.5035

Nov 23, 2015 07:34 am UTC| Technicals

Short term Trend reversal level -1.5150 Cable has broken minor trend reversal level 1.5150 a short term decline till 1.5080/1.5030 is possible. On the higher major resistance is around 1.5220 (support turned into...

FxWirePro: NZD/USD testing 0.6500 support, could target 0.6428 and then 0.6385 on breaks below

Nov 23, 2015 07:27 am UTC| Technicals

Continued rout in base metals, especially copper weighing on commodity currencies like the NZD today. NZD/USD opened Asia 0.6559, extended to 0.6561 top before continuing to slip lower now through 0.6515 5-DMA...

FX Hedging Strategy Series

FxWirePro: EUR/AUD bulls paralyzed but put writers on upper hand in short run – long vega puts functionality underway

Nov 23, 2015 07:14 am UTC| Technicals

On the verge of French and German manufacturing PMIs, today Euros early market focus is likely to be on these flash estimates of Eurozone PMIs for November. The Euro zone aggregate preceded by French and German...

FxWirePro: BTC/USD trades in narrow range, good to sell on rallies

Nov 23, 2015 07:12 am UTC| Technicals Digital Currency

BTC/USD has broken minor support $325 and declined till $310. It is currently trading around $321. On the downside major support is around $300 and break below targets$270/$256. The pairs minor resistance is...

FX Hedging Strategy Series

FxWirePro: EUR/AUD breaks below 61.8% retracement, swing trade using fibo

Nov 23, 2015 06:27 am UTC| Technicals

The pair has retraced more than 61.8% way below 10DMA from the highs Gravestone Doji (1.6584). This has been achieved after the formation of Gravestone doji (1.5583) candle with long upper shadow. But for now we...

USD/CAD breaks major resistance 1.3380, targets 1.3450

Nov 23, 2015 06:25 am UTC| Technicals

Major trend reversal level- 1.3380 USD/CAD has broken major trend reversal level 1.3380 and break above confirms major bullishness, a jump till 1.3450/1.3500 is possible . Short term trend reversal can happen...

GBP/CAD struggles to break below 2.030, jump till 2.045 is possible

Nov 23, 2015 05:55 am UTC| Technicals

GBP/CAD has retreated till 2.02300 after making a high of 2.0360. Short term trend is still bullish as long as support 2.023 holds. On the higher side minor resistance is around 2.033 and break above targets...

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