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FxWirePro: USD/JPY key support at 122.64, buy deal are recommended around 122.80

Nov 12, 2015 13:59 pm UTC| Technicals

The USD/JPY pair slipped towards 119.75 levels during early European session, however the pair pulled back some losses after the release of jobless claims data from US market. Currently the pair is trading around 122.95...

USD/CHF Trade Idea

Nov 12, 2015 12:30 pm UTC| Technicals

Harmonic Pattern formed- Bearish Butterfly Pattern Potential Reversal Zone -1.0125. The pair has made a high of 1.0085 at the time of writing and started to decline from that level. Any break above 1.0125...

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

Nov 12, 2015 12:07 pm UTC| Technicals

EUR/CAD has made a low of 1.4180 today at the time of writing and recovered from that level. It is currently trading around 1.4230. Market awaits Canada housing prices data which is to be released today for further...

FxWirePro: Good to short EUR/JPY rallies around 131.90, breaks below 131.48 could take the pair to 129 levels

Nov 12, 2015 11:29 am UTC| Technicals

EUR/JPY is persistently trading below trendline support at 133.30 after breaking below on Oct 27th. The pair is currently struggling to to overcome 131.80 (61.8% retrace of the 141.06-126.08 rise), Daily Tenkan ...

Euro-Dollar Parity Back On Cards?

Nov 12, 2015 10:25 am UTC| Insights & Views Technicals

ECBs decision to introduce QE at the start of the year had been a game changer for the EUR. Between the middle of December 2014 and early March 2015, EUR/USD dropped around 16.8% to a low of around 1.046. The weeks ahead...

FxWirePro: Strong support for EUR/GBP at 0.7040, good to buy dips

Nov 12, 2015 09:30 am UTC| Technicals

EUR/GBP deflated by dovish Draghi comments which boolstered expectations for ECB to cut depo rate, expand/extend QE at Dec 3 meeting . Draghi said indications that inflation will recover are weakening and that that...

FX Hedging Strategy Series

FxWirePro: USD/CHF forms Bearish Butterfly Pattern, good to sell on rallies

Nov 12, 2015 09:26 am UTC| Technicals

Harmonic Pattern formed- Bearish Butterfly Pattern Potential Reversal Zone -1.0125. The pair has made a high of 1.0085 at the time of writing and started to decline from that level. Any break above 1.0125...

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Technology

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