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FxWirePro:BTC/USD faces support around $370, good to buy at dips

Jan 25, 2016 06:55 am UTC| Technicals Digital Currency

BTC/USD has retreated till $374 after making a high of $422.98. It is currently trading around $396. Short term trend is bullish as long as support $370 holds. On the lower side any break below $370 will drag the...

FxWirePro: GBP/AUD faces strong support at 2, good to buy at dips

Jan 25, 2016 06:37 am UTC| Technicals

Harmonic pattern Formed - Bullish Gartley Pattern Potential Reversal Zone (PRZ) - 2. The pair is trading in narrow range around 2.032-2.045 for the past two trading session. GBP/AUD is facing minor...

FX Hedging Strategy Series

FxWirePro: NZD/USD takes supports at double top neckline, but don’t get bull trapped, likely to test channel resistance

Jan 25, 2016 06:09 am UTC| Technicals

It has formed a double top pattern on daily charts with peak 1 at 0.6897 and peak 2 at 0.6883. Although this pair has tested supports near neckline of double top at 0.6428, we could foresee more bearish pressure in the...

GBP/JPY faces resistance around 170.20, break above targets 176

Jan 25, 2016 05:47 am UTC| Technicals

Major resistance - 170.20 (Cloud bottom) The pair has made a high of 170.35 and started to retreat from that level. It is currently trading around 169.77. The upside in GBP/JPY has been capped around 170.20-35...

Major Asian Indices Technicals

Jan 25, 2016 03:11 am UTC| Technicals

Hang Seng: Hang Seng has broken major resistance 19300 and jumped till 19485. It is currently trading around 19333. Any break above 19300 confirms minor trend reversal , a jump till 19650/20000 is possible...

Gold consolidates around 1098 levels, bias remains bullish- long around 1096, targets around 1103/1108, SL 1090

Jan 22, 2016 17:14 pm UTC| Technicals

Gold has consolidated around to trade around 1096 levels, yellow metal initially slipping towards 1092 levels in the early European session. However in the early US session the commoditity recovered some lost ground...

EUR/USD strongly bearish despite upside attempts

Jan 22, 2016 15:18 pm UTC| Technicals

The EUR/USD pair slipped towards lower levels in the US session, unable to inch higher beyond the 1.0850 levels on broader weakness, to trade around 1.0815 levels. The pair rebounded towards 1.0844 in earlier European...

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