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FxWirePro: EUR/USD faces strong resistance around 1.14375, good to sell on rallies

Apr 04, 2016 06:56 am UTC| Technicals

Major resistance -1.14380 The pair has made a high of 1.14376 and retreated from that level after better than expected US Non Farm Payroll data. It is currently trading around 1.13862. Short term trend is...

FxWirePro: AUD/CAD rejected at 1.0008 (strong trendline resistance), good to sell rallies

Apr 04, 2016 06:25 am UTC| Technicals

AUD/CAD was rejected by strong trendline resistance at 1.0008. The pair is currently trading around 0.9965 levels after hitting session lows at 0.9950. Momentum studies on daily charts are neutral, however 4-hourlies...

FxWirePro: Gold forms bullish Bat pattern, good to buy at dips

Apr 04, 2016 06:03 am UTC| Technicals

Harmonic Pattern Formed - Bullish Bat Pattern Potential Reversal Zone (PRZ)- $1200 The yellow metal has slightly recovered after making a low of $1208. It is currently trading around $1217.90 Short term...

FxWirePro: NZD/CAD consolidates in narrow range, good to sell on rallies

Apr 04, 2016 05:43 am UTC| Technicals

Major resistance 0.9060 Major support -0.8920 (resistance turned into support) The pair is consolidating between narrow range 0.9020-08927 for the past two trading session.It is currently trading around...

FxWirePro: AUD/JPY tests support at 85 levels, good to sell rallies

Apr 04, 2016 05:39 am UTC| Technicals

AUD/JPY tests support at 85 levels on poor Australia retail trade data. Breaks below would see weakness upto 84.30 levels. Australian retail sales data showed no growth and stayed flat in Feb, coming in much weaker...

FX Hedging Strategy Series

FxWirePro: EUR/JPY rejects resistance, breaks support, sloping channel extends and leading oscillators converge, what else is needed?

Apr 04, 2016 05:31 am UTC| Technicals

The price has rejected below 128.189 levels (see bearish candle with big real body on Friday). It has continued to drop below supports at 127.034 levels (around Fridays low and 7EMA). As you can observe monthly and...

FxWirePro: NZD/USD slips below 0.69 handle, falling oil prices weigh

Apr 04, 2016 05:13 am UTC| Technicals

NZD/USD surrenders 0.69 handle as weakness across the commodities space weighs on the kiwi. Heavy losses in its Oz counterpart post disappointing retail sales data also adds to the weaker tone. Focus on US...

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Science

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Technology

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