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FxWirePro: EUR/GBP weakness extends into European session, eyes 20 DMA support at 0.7310

Sep 25, 2015 07:56 am UTC| Technicals

EUR/GBP has retraced almost all of yesterdays gains from 0.7411, and is currently eyeing minor support by 20DMA at 0.7310 Euro remains heavily offered versus the greenback in a data-quiet European session, while the...

FxWirePro: Buy USD/CHF around 0.9820-22 with SL around 0.9775 for the TP of 0.9860/0.9900

Sep 25, 2015 07:56 am UTC| Technicals

USD/CHF breaks major resistance 0.9820 which confirms short term bullishness , a jump till 0.9900 cannot be ruled out. On the downside minor support is around 0.9775 and intraday weakness can be seen only below that...

FxWirePro: BTC/USD takes support near trend line around $220, good to buy at dips

Sep 25, 2015 07:55 am UTC| Technicals Digital Currency

BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 holds. The major resistance is...

FxWirePro: GBP/AUD lingering around trendline – uptrend to persist

Sep 25, 2015 07:38 am UTC| Technicals

One can easily make out from the daily technical charts of GBPAUD, the price fluctuation has been lingering with the below channel line where it has been consistently finding supports and bouncing towards north, thus far...

FxWirePro: Square-off synthetic put on NZD/USD as downtrend to resume

Sep 25, 2015 06:52 am UTC| Technicals

In order to participate in continuous downtrend, at the money call that replicated synthetic put was deployed on 22nd. The ATM protective call at that juncture served as a hedging strategy whereby the trader, who has an...

FxWirePro: NZD/USD pares losses, edges higher from day's lows at 0.6295

Sep 25, 2015 06:47 am UTC| Technicals

NZD/USD saw a minor recovery on the Fonterra news this week, but downside pressures continue as we head towards the end of the week NZD/USD is currently trading at 0.6345 with a high of 0.6353 and a low of 0.6295 on the...

FxWirePro: Buy USD/JPY at dips 120.35-40 with SL around 120 for the TP of 121/121.25

Sep 25, 2015 06:34 am UTC| Technicals

USD/JPY has broken minor trend line resistance around 120.45 (trend line joining 120.64 and 120.53) and is currently trading at 120.47. Intraday trend is bullish as long as resistance 120 holds. The minor resistance is...

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