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FxWirePro: USD/JPY range-bound, strong resistance at 119.95

Oct 21, 2015 03:29 am UTC| Technicals

USD/JPY trades a narrow range on the day, with a high of 119.96 and a low of 119.76. The pair is drifting slightly to the upside, edging closer to the proximity of the 200 SMA at 119.95 on the 4-hourly...

Kiwi breaks major trend line support, targets 0.6650

Oct 21, 2015 03:10 am UTC| Technicals

NZD/USD has broken major trend line support around 0.6760 (trend line joining 0.6299 and 0.6380) and break below confirms minor weakness , a decline till 0.6650/0.6620 is possible. On the higher side major resistance...

FxWirePro: Nikkei 225 faces major resistance around 18500,good to buy at dips

Oct 21, 2015 02:22 am UTC| Technicals

Potential Reversal Zone (PRZ)- 18500 The break above 18500 will take the index to next target at 18750/19150. Any close above 19200 confirms further bullishness and above this level it can reach till...

FxWirePro: AUD/USD key resistance at 0.7300, downtrend prevails in the short term

Oct 20, 2015 14:06 pm UTC| Technicals

AUD/USD rebounded strongly after monetary policy meeting earlier in Asian session. The pair hit daily high at 0.7296 levels and is retreating back from highs. The pair is expected to decline further towards 0.7250 and...

FxWirePro: USD/JPY key support at 119.40, bullish extension till 120.50 is likely

Oct 20, 2015 13:38 pm UTC| Technicals

USD/JPY has rebounded strongly after hitting minor support level at 119.43 yesterday and is bouncing to test resistance level at 120.00, the support level at 120.45 set to hold the bears from falling further below and push...

FX Hedging Strategy Series

FxWirePro: Avoid USD/CHF strips - diagonal combinations for speculation and hedging

Oct 20, 2015 13:33 pm UTC| Technicals

Switzerland has reported good set of trade balance numbers today, it is increased from previous 2.86B to the current 3.05B to beat the forecasts at 2.51B. The pair is likely to evidence bearish swings, while plotting...

FxWirePro: GBP/USD key support at 1.5456, bullish in the short term

Oct 20, 2015 13:13 pm UTC| Technicals

The Cable has slipped backwards from 1.5495 levels, after housing data was released in early the US Session. However, the pair is consolidating around 1.5470 to reach higher levels currency pair is trading above upward...

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