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USD/CHF faces strong resistance around 1.000, break above targets 1.01250

Feb 29, 2016 02:55 am UTC| Technicals

Major resistance - 1.0000 Major support - 0.9900 The pair has made a high of 0.99886 and slightly declined from that level. It is currently trading 0.99725. Short term trend is slightly bullish as long as support...

FxWirePro: GBP/USD outlook weaker on renewed downside pressure

Feb 26, 2016 14:57 pm UTC| Technicals

GBP/USD pair slipped back towards 7-years low as fresh sell off resumed on Friday. Sterling lost ground against US dollar after data showed US economy grew at faster rate than expected in Q4. Currently the pair is...

FxWirePro: EUR/USD runs out of steam, bearish in the short term

Feb 26, 2016 14:27 pm UTC| Technicals

The EUR/USD pair has declined towards lower levels on Friday as the US dollar gained strength across the board after US Q4 GDP data came better than expected. After the data release the pair fell down to hit low at...

USD/TRY Trade idea

Feb 26, 2016 12:44 pm UTC| Technicals

Pair is currently trading at 2.9385 levels. It made intraday high at 2.9390 and low at 2.9221 levels. Short term outlook remains bullish till the time pair holds key support level at 2.9189 levels. In...

FX Hedging Strategy Series

FxWirePro: USD/BRL stuck in tight range of 3.95 - 3.9575 - Straddle for short term and call spreads for long term

Feb 26, 2016 12:34 pm UTC| Technicals

USDBRL showing more upside potential even though it has been losing upswings momentum as the rejection of resistance at 4.0180 levels. But intraday swings show whipsaws on moving average and resistance at 3.9550...

GBP/USD Trade Idea

Feb 26, 2016 11:51 am UTC| Technicals

Minor resistance -1.4020 Major resistance -1.4085 The pair has recovered from the low of 1.38780 till 1.40194 time of writing. Short term trend is still weak as long as resistance 1.40850 holds. On the lower side major...

XAG/USD short term outlook

Feb 26, 2016 11:03 am UTC| Technicals

Pair is currently trading at $15.05 levels. It made intraday high at $15.22 and low $14.99 levels. A recent rebound from $15.94 level is likely to hold the currency around $15.00 marks. Alternatively, a...

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