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FxWirePro: GBP/USD struggles to close above 1.5200, good to buy at dips

Nov 13, 2015 11:58 am UTC| Technicals

Cable recovered till 1.5246 yesterday and retreated till 1.5176. It is currently trading at 1.52180. On the higher side major resistance is around 1.5262 and break above will take the pair to new level till 1.5300/1.5360...

FxWirePro: Watchout for AUD/NZD weekly close above 1.0895 to confirm bullish bias

Nov 13, 2015 11:46 am UTC| Technicals

AUD/NZD trades above its wide range channel (between 1.0895 and 1st July highs of 1.1429). AUD has been surprisingly resilient today despite plunge in commodities. The pair has broken above 55 DMA at 1.0923 and is...

NZD/CAD trade idea

Nov 13, 2015 11:00 am UTC| Technicals

Potential Reversal Zone (PRZ) - 0.8705 Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level. The pair is...

FxWirePro: GBP/AUD consolidates in narrow range, good to sell on rallies

Nov 13, 2015 08:09 am UTC| Technicals

GBP/AUD made a low of 2.1240 yesterday and slightly recovered from that level. The pair is trading in narrow range and market awaits UK CPI data and RBA monetary policy minutes meeting which is to be released next...

FxWirePro: More dips likely for NZD/JPY – combine ATM and OTM contracts in put ladders

Nov 13, 2015 07:42 am UTC| Technicals

We continue to maintain bearish stance in long run, while if any abrupt short term upswings could also to be monitored and utilized by below strategy. We kept reiterating that this pair seems to be unlikely to sustain...

FxWirePro: EUR/JPY bearish structure reaffirmed, short rallies around 132.50, target 131.50

Nov 13, 2015 07:41 am UTC| Technicals

EUR/JPY is persistently trading below trendline support at 133.30 after breaking below on Oct 27th. Daily Tenkan kijun lines are negative aligned, reinforcing the bearish structure, bearish trend is technically...

FxWirePro: BTC/USD faces strong resistance around $350, good to sell on rallies

Nov 13, 2015 07:18 am UTC| Technicals Digital Currency

BTC/USD has recovered till $344 after making a low of $2394. It is currently trading around $337. Short term trend is still bearish as long as resistance $370 holds. On the downside major support is around $300 and...

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