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EUR/USD breaks major trend line resistance, jump till 1.1070 is possible

Mar 04, 2016 11:56 am UTC| Technicals

Major Resistance - 1.09865 (trend line joining 1.11930 and 1.11737) Minor support - 1.0945 (200 day HMA) The pair has recovered after making a low of 1.09284 at the time of writing. It is currently trading around...

FxWirePro: BTC/USD struggles to break above $450, good to sell on rallies

Mar 04, 2016 11:35 am UTC| Technicals

Major resistance - $450 BTC/USD has formed almost a double top around $445 and declined from that level. It is trading around $418. Short term trend is slightly weak as long as resistance $450...

FX Hedging Strategy Series

FxWirePro: AUD/CAD to form bullish engulfing pattern, attempts to breach channel resistance, buy one touch or above binary calls for 30-40 pips

Mar 04, 2016 10:58 am UTC| Technicals

On weekly plotting, Bullish engulfing most likely with US session to spare, downtrend moving sloping channel so far, bulls hovers at channel resistance, expect sideways or mildly upswings in short run. Break above...

GBP/CAD Trade idea

Mar 04, 2016 10:57 am UTC| Technicals

Major Support -2.0935 Major resistance- 2.1100 The pair has retreated after making a high of 2.1100. It is currently trading around 2.09590. The pairs major support is around 2.0935 and break below targets 2.0890/2.0845...

FxWirePro: CAD/JPY struggles to break above 85.25, good to sell on rallies

Mar 04, 2016 09:57 am UTC| Technicals

Harmonic Pattern- Bearish Gartley Pattern Potential Reversal Zone (PRZ) - 85.50 The pair has once again retreated after making a high of 85. is currently trading around 84.56. Short term trend is slightly weak as long...

FxWirePro: Indian rupee touches monthly high against US dollar at 67.19, buy on dips

Mar 04, 2016 09:55 am UTC| Technicals

Pair is currently trading at 67.2650 levels. It made intraday high at 67.34 and low at 67.22 levels. A recent downfall from 68.74 likely to stop here and short term trend reversal is expected from key support level at...

FxWirePro: FTSE100 struggles to break above 6210, good to sell on rallies

Mar 04, 2016 09:28 am UTC| Technicals

Major resistance - 6210 (trend line joining 6874 and 6764) Major support - 6080 The index has recovered after making a low of 6098. It is currently trading around 6157. Short term trend is weak as long as...

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