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EUR/USD breaks major resistance 1.1460, targets 1.1620

Oct 15, 2015 03:10 am UTC| Technicals

EUR/USD has broken major resistance 1.1460 and this confirms major trend reversal, a jump till 1.1560/1.1620/1.1700 is possible . Overall trend is bullish as long as support 1.1400 holds. Any break below 1.1400 will drag...

GBP/JPY breaks minor trendline resistance , targets 185.95

Oct 15, 2015 02:34 am UTC| Technicals

GBP/JPY has broken minor trend line resistance around 184.30 (trend line joining 184.85 and 184.68) which confirms short term bullishness , a jump till 185.20/185.98 cannot be ruled out . On the downside major support is...

FxWirePro: AUD/USD key resistance at 0.7381, sell deals are recommended below 0.7320

Oct 14, 2015 15:07 pm UTC| Technicals

AUD/USD rebounded strongly from 0.7200 levels to hit daily highs at 0.7292 levels. However, the pair is retreating back after hitting strong resistance at 0.7292 levels. AUD/USD pair is expected to decline further towards...

FxWirePro: EUR/USD key resistance at 1.1460, sell deals are recommended around 1.1455

Oct 14, 2015 14:07 pm UTC| Technicals

EUR /USD pair made some gains against US dollar in early US session after US PPI and retail data printed negative figures, The however, the gains were limited and the pair fell back towards 1.1410levels after hitting...

FxWirePro: USD/JPY key support at 118.05, buy deals are recommended above 118.70

Oct 14, 2015 13:24 pm UTC| Technicals

USD/JPY pair has slipped sharply to hit support level at 119.68 after US PPI and retails sales printed negative figures, currently the pair is making an attempt to break support level located at 119.21.A breach would take...

FxWirePro: USD/ZAR price action dips into cloud, good to sell rallies

Oct 14, 2015 12:38 pm UTC| Technicals

USD/ZAR erased most of Tuesdays gains and price action has dipped into cloud, furthering bearish momentum. Daily Techs point lower, Stochs show bearish crossover and RSI is biased lower, downside has further to...

FxWirePro: CAD/JPY intermediate trend to puzzle – opportunity for swing traders to buy binary calls for TP at 92.233

Oct 14, 2015 12:28 pm UTC| Technicals

Lot of puzzling has been happening in CADJPY when we consider the intermediate trend of this pair, bullish candles such as dragonfly doji at 92.160 on weekly has been unable to prop up prices effectively although bulls...

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