FxWirePro: GBP/USD key resistance at 1.4903, bearish in the short term
Dec 22, 2015 15:22 pm UTC| Technicals
The GBP/USD slipped lower in the earlier European session, after failing to break resistance level located at 1.4905 and was further weighted down after dollar rose across the board in early US session following positive...
FxWirePro: EURUSD gains some upside momentum but bias still bearish
Dec 22, 2015 14:40 pm UTC| Technicals
EUR/USD pair has inched higher to trade around 1.0968 levels shrugging off positive US GDP data which came slightly better than forecast at 2.0%. However, further advance is expected to be limited as the pair faces strong...
FxWirePro: USD/CAD finds support at 1.3920, bias remains bullish
Dec 22, 2015 14:17 pm UTC| Technicals
USD/CAD pair has rebounded to trade around 1.3936 levels after finding support at 1.3920 levels. The Canadian dollar is slightly stronger across the board on the day against its U.S. counterpart despite US GDP data...

Loonie breaks minor trend line support ,targets 1.3850
Dec 22, 2015 11:54 am UTC| Technicals
Major support - 1.39300 (trend line joining 1.3314 and 1.3673) The pair has broken trend line support 1.3930 and declined till 1.39270. Intraday trend is slightly weak as long as resistance 1.3950 holds. Any...

Cable breaks minor support, decline till 1.4815 is possible
Dec 22, 2015 11:33 am UTC| Technicals
Major support -1.48750 GBP/USD is consolidating in narrow range between 1.48755 and 1.4950 level for the past two trading session. The pair has currently broken that major support 1.4875 and declined till 1.48721...

Dec 22, 2015 10:57 am UTC| Technicals
Major trend line resistance - 0.7175 (trend line joining 0.7229 and 0.7196) Any break above 0.7175 will take the pair to next level 0.7230/0.7300 level. On the downside major support is around 0.7110 (trend line...

FxWirePro: GBP/AUD bear trend intensifying, likely to extend dips in long run
Dec 22, 2015 10:39 am UTC| Technicals
We traced out bearish gravestone doji patterns at around 2.1552 levels on monthly charts as well as on weekly charts at around 2.1458 and again on 2.1586 levels. These bearish pattern dojis are an extremely helpful for...
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