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EURUSD Trade Idea

Sep 04, 2015 12:23 pm UTC| Technicals

EUR/USD has decline till 1.1086 after making a high of 1.13310 (Sep 1st high). It has taken support around 200 day 4 HMA and a jump till 1.1180/1.1208 is possible . Intraday weakness only below 1.1100 and break below will...

FxWirePro: GBP/USD key resistance level at 1.5261, bearish in the short term

Sep 04, 2015 12:06 pm UTC| Technicals

GBP/USD recovered some ground today in mid European session after hitting strong support at 1.5209 levels. The cable is currently trading with oversold condition and a recovery towards higher levels can be expected. The...

FxWirePro: USD/ZAR edges lower from day's high at 13.7367, momentum remains positive

Sep 04, 2015 11:44 am UTC| Technicals

South Africas rand plunged to 11-day lows against the dollar on Friday, and is likely to remain under pressure ahead of NFP data Rand under pressure from weak domestic growth and a general lack of appetite for risky...

Silver faces strong support at $14.65, break below targets $14

Sep 04, 2015 11:07 am UTC| Technicals

Silver is trading narrow channel for past three trading session. It is facing strong support around $14.65 and any break below will drag the commodity further down till $14.45/$14 in short term. Short term trend...

FxWirePro: Yen looks to gain over further risk aversion, might reach 114.5 area

Sep 04, 2015 10:17 am UTC| Technicals

Recent price action on worlds equity markets, and bids on Yen indicating that Bears are still hovering. Concerns over further slowdown in China hasnt totally ebbed and it is going to be the hottest topic in this weeks G20...

FxWirePro: USD/JPY recovers after making a low of 118.84, good to sell on rallies

Sep 04, 2015 09:58 am UTC| Technicals

RES 4: 120.75 (61.8% retracement of 121.75 and 119.21) RES 3: 120.25 (200 DAY HMA) RES 2: 119.80 (20 day HMA) RES 1 : 119.31 (7 day 4 HEMA) PRICE: 119.06 @09:58 GMT SUP 1 :118.40 (25th Aug low) SUP 2:...

FxWirePro Longer term call: Buy Dollar/ Sell Pound – targets around 1.443

Sep 04, 2015 09:42 am UTC| Technicals

Souring of our recent short term call (Pound dropped sharply against Dollar from 1.58 area, after false break of the range of 1. 54-1.57) has given an opportunity to enter into a longer term position with attractive risk...

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