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EUR/GBP breaks major support 0.7240, decline till 0.7160 is possible

Sep 22, 2015 12:45 pm UTC| Technicals

RES 4: 0.7395 ( Sep 1st high) RES 3: 0.7350 (61.8% retracement of 0.7420 and 0.7250) RES 2: 0.7320( Cloud top) RES 1 0.7276(20 day 4 HMA) PRICE: 0.7226 @ 12:44 GMT SUP 1: 0.7240 (Aug 30th...

FxWirePro: USD/CHF key support at 0.9675, bullish in the short term

Sep 22, 2015 12:44 pm UTC| Technicals

>The USD/CHF pair rallied from 0.9709 to test resistance level at 0.9751 in the early European session. However, after failing to break resistance level at 0.9751, the pair has turned back towards 0.9709 support level. The...

FxWirePro: GBP/JPY forms bearish BAT pattern, good to sell on rallies

Sep 22, 2015 12:43 pm UTC| Technicals

Harmonic pattern formed: Bearish BAT pattern Potential Reversal Zone (PRZ)- 188 GBP/JPY has recovered till 187.33 after making a low of 185.92 yesterday. It is currently trading at 186.25. Short term trend isbearishas...

FxWirePro: Renewed softer tone in crude weighs on CAD, USD/CAD hits session highs at 1.3290

Sep 22, 2015 12:39 pm UTC| Technicals

USD/CAD opened Noram marts 1.3249 -7 pips vs previous close, overnight range was 1.3220/59 Crude oil prices fell as much as 2 percent on Tuesday, unwinding the previous days steep rally, renewed softer tone in crude oil...

FxWirePro: Extended impact of CNY on capital outflow – USD/CNY trade strategies

Sep 22, 2015 12:13 pm UTC| Technicals

Although Chinas capital account is closed, several illicit channels of capital outflows have made the capital account rather leaky. Leaky capital account estimates outflows and policy implications, the capital outflows...

FxWirePro: USD/JPY key support at 120.20, bullish in the short term

Sep 22, 2015 12:10 pm UTC| Technicals

USD/JPY pair has made a short pullback to hit daily lows at 119.70 during mid-European session, after sellers stepped in for a short period of time. However, the decline was limited and the pair has started to recover...

FxWirePro: USD/CAD key support at 1.3223, buy deals are recommended above 1.3230

Sep 22, 2015 12:06 pm UTC| Technicals

>USD/CAD slipped backwards to test support level at 1.3223 in the early European session. However, after failing to break support at 1.3223 levels the pair has rebounded strongly to trade around 1.3271 levels. The pair...

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