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BTC/EUR breaks major support around 370, targets 300

Jan 18, 2016 07:23 am UTC| Technicals Digital Currency

BTC/EUR has broken major support 370 and declined till 326. It is currently trading around 347. Short term trend is weak as long as resistance 375 holds On the higher side minor resistance is around...

BTC/USD trades well below $400, decline till $350/$310 is possible

Jan 18, 2016 06:57 am UTC| Technicals Digital Currency

BTC/USD has broken major trend line support $400 (trend line joining $294 and $310) and declined till $350. It is currently trading around $378. Short term trend is bearish as long as resistance $408 holds. The...

GBP/USD technical outlook

Jan 18, 2016 06:42 am UTC| Technicals

GBP/USDs fall continued this week and accelerated to as low as 1.4249 levels. Initial bias remains on the downside this week. Minor support is seen at $1.4226 levels. The break of 61.8% projection of 1.7190 to...

FxWirePro: CHF/JPY hits fresh 1-year low, good to sell on rallies

Jan 18, 2016 06:13 am UTC| Technicals

CHF/JPY has broken yearly low 116.79 (Jan 7th low) and declined till 116.38. It is currently trading around 116.59. Short term trend is still weak as long as resistance 117.35 (trend line joining 118.92 and 117.63)...

FX Hedging Strategy Series

FxWirePro: Whipsaws on NZD/USD interim upswings confirm more bearish potential – day open breaks support at 0.6475

Jan 18, 2016 05:51 am UTC| Technicals

Weekly analysis: Despite the breach of channel line resistance at 0.6723, Shooting star and Gravestone doji patterns occur at peaks of 0.6722 and 0.6828 respectively to evidence further weakness. More notably, it is...

FxWirePro: USD/CAD edges lower from fresh multi-year highs at 1.4605, good to go long on dips around 1.45

Jan 18, 2016 05:50 am UTC| Technicals

Rout in crude prices following the lift-off of Iran sanctions over the weekend dented the resource-linked loonie. Futures for WTI plunged 5.74% to trade at $29.41 per barrel, its lowest since November 2003, while...

FxWirePro: Gold faces strong support at $1070, good to buy at dips

Jan 18, 2016 05:24 am UTC| Technicals

Major trend line support - $1070 (trend line joining $1047 and $1058) The commodity has made a low of $1071 and started to recover from that level. Short term trend is still bullish as long as support $1070...

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