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EUR/USD forms Bullish Gartley pattern, good to buy at dips

Oct 26, 2015 02:26 am UTC| Technicals

Harmonic Pattern formed - Bullish Gartley pattern (Weekly chart) Potential Reversal Zone (PRZ)- 1.0915 Any break below 1.0915 will drag the pair further till 1.0880/1. pairs minor support is around...

UK GDP in focus likely to lead to some EURGBP consolidation

Oct 25, 2015 20:33 pm UTC| Commentary Technicals

EURGBP is expected to stabilize somewhat this week following last weeks sharp depreciation. With little data of interest, the main focus will be the release of the preliminary Q3 GDP (Tuesday). A 0.5% q/q growth rate is...

FxWirePro: GBP/USD key resistance at 1.5419, bearish in the short term

Oct 23, 2015 14:06 pm UTC| Technicals

The Sterling rebounded strongly against US dollar from 1.5367 levels, reaching daily high at 1.5419 levels in todays European session. An attempt was made by bulls to breach 1.5419 support level in the late mid European...

FxWirePro: USD/JPY key support at 120.48, upside prevails

Oct 23, 2015 13:37 pm UTC| Technicals

USD/JPY has rebounded strongly after hitting support level at 120.48 in the early European hours to trade at 120.56 levels during US market opening, the support level at 120.48 set to hold the bears from falling further...

FxWirePro: AUD/USD key resistance at 0.72300, downside prevails in the short term

Oct 23, 2015 13:04 pm UTC| Technicals

AUD/USD rebounded strongly towards 0.7296 earlier in US session. However, the pair turned back after failing to break resistance level at 0.7300, as the Aussie ran out of strength against US dollar. The pair has to close...

FxWirePro: USD/CAD key support at 1.3090, buy deals are recommended above 1.3095

Oct 23, 2015 12:54 pm UTC| Technicals

The USD/CAD pair surged higher strongly towards 1.3140 levels after Canadian Core CPI printed negative figures. Currently pair is testing resistance level at 1.3128. The pair is set to consolidate above 1.3090 and reach...

GBP/JPY Trade idea

Oct 23, 2015 11:57 am UTC| Technicals

GBP/JPY breaks and trades well above 200 day MA and also above major resistance 185. overall trend is bullish a jump till 187.45/188.26 level. On the downside minor support is around 185.30 and any break below...

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