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CAD/JPY breaks major resistance at 79.66, targets 80.31/81.28

Nov 14, 2016 13:22 pm UTC| Technicals

Major support 78.30 (55- day EMA). Major resistance -79.66. CAD/JPY recovered sharply from the low of 78.29 made on Nov 10th. It is currently trading around 79.58. The major resistance is around 79.66 and...

FxWirePro: USD/TRY still lingers at fresh all-time highs, breaks out of long lasting range as lira bulls give up momentum

Nov 14, 2016 12:40 pm UTC| Technicals Central Banks Insights & Views

The Turkish lira weakened sharply last week, with USDTRY surpassing 3.05 range and then 3.27 at one stage on Friday. Following on from the above explanation on EM FX, we note here that CBT is likely to be pushed into a...

FxWirePro: GBP/JPY trade Idea

Nov 14, 2016 12:28 pm UTC| Technicals

Major resistance 135 The pair breaks above major psychological resistance is at 135 and slightly jumped till 135.42 at the time of writing. It is currently trading on 135. Short term trend is slightly bullish as...

FxWirePro: US Dollar index forms bullish divergence in daily chart, good to sell on rallies

Nov 14, 2016 11:53 am UTC| Technicals

Major resistance - 101.12 (161.8% retracement of 99.12 and 95.89). Pattern formed Bearish Divergence. The U.S dollar index has made a high of 100.04 and slightly declined from that level. It is currently...

FxWirePro: FTSE100 faces strong support at 6600, good to buy on dips

Nov 14, 2016 09:41 am UTC| Technicals

Potential Reversal Zone - 6610 The index has formed triple bottom around 6600 and started to jump from that level. It is currently trading around 6792. The index jumped till 6999 and started to fall from that...

FxWirePro: AUD/NZD breaks 20-DMA, 200-DMA at 1.0695 in sight, good to long dips

Nov 14, 2016 09:08 am UTC| Technicals

AUD/NZD has broken above 20-DMA resistance at 1.0591, intraday bias higher. Technical studies are indicative of further upside, scope for test of 200-DMA at 1.0695. Momentum studies are bullish, RSI points north...

FxWirePro: GBP/JPY trades higher, good to buy on dips

Nov 14, 2016 07:56 am UTC| Technicals

Major resistance 135 The pair breaks above major psychological resistance 135 and slightly jumped till 135.20 at the time of writing. It is currently trading on 134.89. Short term trend is slightly bullish as...

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