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S&P 500 forms bullish cypher pattern, good to buy at dips

Dec 04, 2015 03:27 am UTC| Technicals

Harmonic Pattern formed- Bullish Cypher pattern Potential Reversal Zone (PRZ) - 2020 The index has broken major support 2060 and declined till 2041 (50 day MA). It is currently trading around 2056 level. It...

FxWirePro: EUR/USD key support at 1.0750, upside prevails in the short term

Dec 03, 2015 19:13 pm UTC| Technicals

The EUR/USD has surged sharply towards 1.0930 levels, after buyers stepped in after the hawkish comments from ECBs Draghi earlier in todays ECB press conference. The pair is currently trading in overbought condition and a...

FxWirePro: USD/JPY key support at 122.80, bullish in the short term

Dec 03, 2015 15:24 pm UTC| Technicals

The USD/JPY pair slipped towards 122.85 levels after hawkish comments from ECBs Draghi, however the pair pulled back some losses after the US market opened. Currently the pair is trading around 123.25 levels, a short dip...

FxWirePro: USD/CAD key support at 1.3290, buy deals are recommended around 1.3340

Dec 03, 2015 14:50 pm UTC| Technicals

USD/CAD slipped backwards towards 1.3290 levels after bullish ECB meeting. However, after finding support at 1.3290 the pair has rebounded back reversing the early losses. further decline is expected to be limited around...

GBP/AUD breaks major support 2.050, decline till 2 is possible.

Dec 03, 2015 12:30 pm UTC| Technicals

GBP/AUD has broken major support 2.0500 and declined till 2.037. Overall trend is weak as long as resistance 2.080. The pairs minor support is around 2.0350 and any break below 2.0350 will drag the pair further down till...

FxWirePro: BTC/EUR faces strong support around $325, good to buy at dips

Dec 03, 2015 12:20 pm UTC| Technicals

BTC/EUR has recovered after making a low of 328. Intraday trend is still bullish as long as support 325 holds. On the higher side minor resistance is around 350 and break above targets 363/382. Any break below 325 will...

FxWirePro: CAD/JPY takes support around 91.60, good to buy at dips

Dec 03, 2015 12:15 pm UTC| Technicals

CAD/JPY has recovered till 92.77 and slightly declined from that level. . Short term trend is bullish as long as support 91.60 holds The pairs short term major resistance is around 93.25 and any break above will take the...

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