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FxWirePro: USD/JPY key resistance at 124.60, buy deals are recommended around 124.15

Aug 14, 2015 13:10 pm UTC| Technicals

USD/JPY is approaching to test support level at 124.24. The support level at 123.78 is massively strong and set to hold the bears from falling further below 123.78 levels. The pair is set to rebound around 124.00- 124.10...

FxWirePro: USD/CAD key resistance at 1.3078, upside prevails in the short term

Aug 14, 2015 12:48 pm UTC| Technicals

USD/CAD has slipped after hitting daily 50% (fib expansion) at 1.3076 and is trading at 1.3062. 1.3000 levels are very strong for the bears to break. Bullish rebound is set to take off around 1.3030 levels, as this area...

EUR/GBP forms cup and handle pattern, jump till 0.7220 is possible

Aug 14, 2015 12:09 pm UTC| Technicals

RES 4: 0.7290 (161.8% retracement of 0.6949 and 0.7160) RES 3 : 0.7225 (Jul 10th high) RES 2: 0.7159 (Jul 27th high) RES 1: 0.7137 (7 day 4 HEMA) PRICE: 0.7143@ 12:07 GMT SUP 1: 0.7100 (Kijun-Sen) ...

FxWirePro: USD/CHF approaching support level at 0.9730, buy deals are recommended around 0.9710

Aug 14, 2015 12:04 pm UTC| Technicals

USD/CHF pair is approaching support level 0.9729, the support level 0.9700 is very strong to let the bears pass through is very unlikely, a strong rebound is expected soon to as dollar is set to gain strength due to strong...

FxWirePro: USD/CAD under pressure ahead of U.S. open, Canadian Manufacturing sales in focus

Aug 14, 2015 12:04 pm UTC| Technicals

Canadian dollar continues under pressure against the backdrop of increasing selling interest around crude oil, crude futures hit 6-1/2 lows today. Hourly price action dips below the cloud and Stochs and RSI are biased...

FxWirePro: GBP/USD key resistance level at 1.5688, bullish in the short term

Aug 14, 2015 12:02 pm UTC| Technicals

The cable has broken resistance at 1.5629 and is moving towards higher range. The pair is trying approaching to test resistance level at 1.5658, a breakout at the said resistance level will unleash a strong bullish...

FxWirePro: GBP/USD consolidates in narrow range, good to buy at dips

Aug 14, 2015 11:53 am UTC| Technicals

RES 4:1.56885 (Jul 29th high) RES3: 1.56773 (Jul 31st high) RES 2: 1.56585 (Aug 13th high) RES 1: 1.56340 (50% retracement of 1.59277 and 1.53291) PRICE: 1.55859 @ 11:58 GMT SUP 1: 1.5566 (200 day 4...

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