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FTSE100 faces strong resistance around 6210, break above targets 6325

Mar 02, 2016 09:09 am UTC| Technicals

Major resistance - 6210 (trend line joining 6874 and 6764) Minor support - 6149 The index has made a high of 6209 at the time of writing and slightly retreated from that level. It is currently trading around...

FxWirePro: GBP/AUD to test support at 1.9309, Is it a bounce above 38.2% retracements or tumble to 50%?

Mar 02, 2016 08:10 am UTC| Technicals

Well, no trace of bulls in this bearish trend yet, weve been stating more bearish swings ever since the formation of gravestone doji and hanging man patterns, now you would have seen a steep slump from the peaks of 2.2108...

FxWirePro: Gold faces strong support at $1217, good to buy at dips

Mar 02, 2016 08:03 am UTC| Technicals

Major support - $1217 (trend line joining $1190 and $1201.80) Major resistance -$1249 (trend line joining $1263 and $1253) The commodity has retreated after making a high of $1248 yesterday. It is currently...

AUD/CAD rejects key support at 0.9594 level and rises sharply around 52 pips within a minute

Mar 02, 2016 07:42 am UTC| Technicals

Pair is currently trading at 0.9711 levels. It made intraday high at 0.9723 and low at 0.9609 levels. Intraday bias remains bullish till the time pair holds key support level at 0.9594 levels. Today...

FxWirePro: EUR/AUD edges higher from fresh 2-month lows at 1.4984, good to sell rallies

Mar 02, 2016 07:40 am UTC| Technicals

EUR/AUD broke below the 1.50 barrier to hit fresh 2-month lows at 1.4984. The pair has since pared some losses to currently trade at 1.5023, but weakness on charts to drag the pair lower. Next immediate support...

FxWirePro: NZD/USD rejected at 0.6661, stays supported above daily cloud

Mar 02, 2016 06:57 am UTC| Technicals

NZD/USD was rejected at days highs by 0.6661, but remains supported above daily cloud (currently spanning 0.6534-0.6615). Weakness only below 0.6580 (trendline resistance), pair could then test next support at 0.65...

EUR/SEK technical outlook

Mar 02, 2016 06:45 am UTC| Technicals

Pair is currently trading at 9.3575 levels. It made intraday high at 9.3577 and 9.3553 levels. Intraday bias remains bullish till the time pair holds key support level at 9.30 levels. A current rebound from...

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