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BTC/USD faces strong resistance around $425, break above targets $450/$480

Dec 11, 2015 06:33 am UTC| Technicals Digital Currency

Major resistance - $425 The pair has made a high of $424.95 and declined till $400. It is currently trading around $422. Any break above major resistance confirms minor trend reversal a jump till $450/$480 is...

FxWirePro: GBP/JPY in antagonistic intermediate trend – spinning tops break support, active bears target 183.375

Dec 11, 2015 06:09 am UTC| Technicals

GBPJPY sends bearish message upon the formation of back to back spinning top pattern candles to break support at around 184.30 levels on daily chart. No isolating analysis again..!! This signal, considering previous...

FxWirePro: Strong resistance for NZD/USD at 0.6773, good to sell rallies

Dec 11, 2015 05:47 am UTC| Technicals

Strong trendline resistance for NZD/USD is seen at 0.6773, pair has been rejected at highs by 0.6782 in Thursdays trade. NZD/USD hits session lows at 0.6735 on weakness in oil prices and downbeat NZ consumer...

FxWirePro: EUR/USD forms Bullish Cypher Pattern, good to sell on rallies

Dec 11, 2015 05:42 am UTC| Technicals

Harmonic Pattern- Bullish Cypher Pattern Potential reversal Zone (PRZ) -1.10450 The bullish cypher pattern becomes invalid only if it breaks above 1.10450. The pair has made a low of 1.09257 after making a...

USD/JPY extends recovery, strong resistance 122.30/40, good to go long on breaks above

Dec 11, 2015 04:21 am UTC| Technicals

USD/JPY is extending its recovery from Mondays extensive slide, and has edged above 200 DMA at 121.58. Solid rebound staged by the Japanese stocks, which helped improve investors sentiment helping the pair...

Major Asian Indices Technicals

Dec 11, 2015 03:36 am UTC| Technicals

Nikkei Nikkei has made a low of 18935 yesterday and recovered from that level . It is currently trading around 19238 level.Short term trend is slightly weak as long as resistance 19600 holds The index is facing...

FxWirePro: USD/CHF key resistance at 0.9956, bearish in the short term

Dec 10, 2015 19:22 pm UTC| Technicals

The USD/CHF inched higher after to testing support level at 0.9823 in the early US session. However, upside should be limited, and the pair is set to decline further towards lower side. The pair has to close above...

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