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EUR/GBP better levels to sell above 0.7400

Feb 19, 2015 08:29 am UTC| Technicals

Long-term bear trend strengthens after new 7 year low at 0.7348 was made on Wed Correction off closing in on 0.7400 intraday Stay with the sell strategy, offer at the 200 HMA by 0.7410 Downside targets...

EUR/SEK sees tight market with upside scope

Feb 19, 2015 08:23 am UTC| Technicals

Pairs offers to Wed 9.5760 highs but bids moves in, 9.5150-5250 200HMA supports at 9.5170 and minor resistance is at 9.5560 Currency intervention remains a tool in the central banks arsenal,...

GBP/USD rally stalled at key fibo

Feb 19, 2015 08:16 am UTC| Technicals

Weds rally halted at 1.5480, just 1 pip ahead of the 1.5481 23.6% fibo 1.5481 = 23.6% of the 1.7192/1.4952 decline from Jul 2014/Jan 2015 Below this fibo stay with the short trade Trend indicators close...

EUR/USD off highs but ranges tight

Feb 19, 2015 08:12 am UTC| Technicals

Pair is off late in Asia 1.1425 tops but pullbacks in quiet trade First support is the 100 HMA at 1.1393 but spot holds in 1.14s Daily charts consolidate below 1.1450 Bias stays with bear below Short...

AUD/USD recovers as S&P plays down risk of rating

Feb 19, 2015 06:24 am UTC| Technicals

AUD partly improves from late Asian fall SP quoted saying that it does not see large risk of rating change over next2 years AUD off 45 pips earlier on oft-repeated SP warnings on budget...

USD/JPY off lows, Nikkei closes up 65.62 pts, 0.36%

Feb 19, 2015 06:12 am UTC| Technicals

Nikkei closes session at 18,264.79. USD/JPY off from 118.82 to 118.42, rebounds since, now at 118.70. Bids in place from around 118.50, some option-related. So-so large expiries move down from 118.50...

AUD/USD unravels intraday gains

Feb 19, 2015 05:27 am UTC| Technicals

AUD gap from c0.7830 to fresh session low of 0.7787 Shortened liquidity exaggerated move so too algos No sign of rebound, 10-DMA 0.7779 as close sup, 0.7774 Wed low Price action sets AUD/NZD cross at...

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