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Golds forms bullish Cypher pattern, good to sell on rallies

Dec 08, 2015 02:39 am UTC| Technicals

Harmonic Pattern formed - Bearish Cypher pattern Potential Reversal Zone (PRZ) - $1100 The commodity has recovered from the low of $1046 till $1088 level. Overall trend is still weak as long as resistance $1100...

FxWirePro: EUR/USD key support at 1.0800, good to buy at dips

Dec 07, 2015 19:22 pm UTC| Technicals

The EUR/USD has slipped lower towards 1.07961 levels, after sellers stepped. The pair is currently trading around 1.08350 and a slight pullback towards 1.0900 levels can be expected sooner or later. The ongoing bearish...

FxWirePro: USD/CAD key support at 1.3432, bullish in the short term

Dec 07, 2015 15:37 pm UTC| Technicals

USD/CAD pair has begun the week advancing higher from Fridays close to hit high around 1.3433 levels after Crude oil prices declined to 11years low.The ongoing upside is set to continue as the pair has broken strong...

FxWirePro: USD/JPY key support at 122.70, buy deals are recommended around 122.80

Dec 07, 2015 15:03 pm UTC| Technicals

USD/JPY has rebounded after hitting support level at 124.44 and is bouncing above to test resistance level at 123.66, the support level at 122.67 is set to hold the bears from declining further below and push the pair...

USD/CHF Trade Idea

Dec 07, 2015 12:49 pm UTC| Technicals

Major resistance - 1.003 (55 day H EMA) The pair has made a high of 1.00317 and declined till 0.99500 level. Intraday trend is bullish as long as support 0.9950 holds. On the higher side any break above 1.0030...

FxWirePro: CAD/JPY trades in narrow range, good to sell on rallies

Dec 07, 2015 12:39 pm UTC| Technicals

CAD/JPY has retreated after making a high of 92.38 on Friday. It is currently trading around 91.88. Short term trend is still weak as long as resistance 92.80 holds. Any break above 92.80 will take the pair to next...

FxWirePro: NZD/USD yet to factor RBNZ rate cut, Kiwi dollar seems weaker again

Dec 07, 2015 12:08 pm UTC| Technicals

We recommend a short NZDUSD trade as the pair going into the RBNZ meeting on 9 December 2015, the RBNZ is likely to deliver a 25bp cut. The market is hardly priced in upon a probability of a 25bp rate cut. We think the...

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