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FxWirePro: EUR/JPY faces major resistance at 127.25, bullishness only on breaks above

Mar 29, 2016 06:42 am UTC| Technicals

EUR/JPY edges higher on the day, but remains capped below strong trendline resistance at 127.25. Breaks above will see further upside, gains till 127.78 (daily cloud base) then likely. Techincals on daily charts...

FxWirePro: CAD/JPY forms Bearish Bat Pattern, good to sell on rallies

Mar 29, 2016 06:36 am UTC| Technicals

Harmonic Pattern Formed Bearish Bat Pattern Potential Reversal Zone (PRZ) - 86.30 The pair has made a high of 86.19 at the time of writing and started to decline from that level. It is currently trading around...

FX Hedging Strategy Series

FxWirePro: GBP//JPY upswings may be deceptive, bears slipping through lower BB, CP well below EMA despite weekly spikes

Mar 29, 2016 06:07 am UTC| Technicals

The current price has rejected the minor resistance at 161.702 levels. Further upswings conditional on break out above resistance at 161.702, the breach and sustenance above may target 162.702, else, drag below MA is...

NZD/CAD faces strong resistance around 0.8920, break above targets 0.9000

Mar 29, 2016 05:40 am UTC| Technicals

Major resistance 0.8920 The pair has recovered after making a low of 0.88537. it is currently trading around 0.89025. NZD/CAD major resistance is around 0.8920 and any indicative break above will take the pair...

FxWirePro: EUR/AUD bounces off trendline support, good to buy dips

Mar 29, 2016 05:38 am UTC| Technicals

EUR/AUD has bounced off trendline support around 1.4785 and is currently trading at 1.4821 levels. Stochs have rolled over from oversold region and RSI is biased north. The pair finds resistance at 1.4837...

FxWirePro: AUD/NZD falls below 1.12 mark, good to buy on dips

Mar 29, 2016 05:11 am UTC| Technicals

AUD/NZD is trading around 1.1193 marks. Pair made intraday high at 1.1221 and low at 1.1291 marks. Intraday bias remains bearish till the time pair holds initial resistance at 1.1252 levels. A daily close...

FxWirePro: EUR/GBP holds minor support at 0.7857, weakness only on breaks below

Mar 29, 2016 05:11 am UTC| Technicals

EUR/GBP holds above hourly 10 DMA support at 0.7857, weakness seen only on breaks below. The pair is currently trading around 0.7862, technicals on hourly charts indicate further gains. Support and resistances...

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