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FxWirePro: AUD/JPY sustains bullish break out of apex spot, heading towards big targets at 89.297 and 90.370

Nov 25, 2015 06:27 am UTC| Technicals

The pair has been able to break out above the crucial apex point of symmetric triangle at around 86.738 on 11thand sustained the uptrend rallies thereafter 2nd week. After the breach, the pair managed to travel up to...

FxWirePro: S&P 500 forms Bullish BAT Pattern, good to sell on rallies

Nov 25, 2015 05:46 am UTC| Technicals

Harmonic Pattern formed - Bullish BAT pattern Potential Reversal Zone (PRZ) - 2120 The index made a low of 2068 and slightly recovered from that level. Overall trend is still bearish as long as resistance 2120...

FxWirePro: EUR/AUD hits fresh multi-month lows, further downside likely

Nov 25, 2015 05:21 am UTC| Technicals

Our short call on EUR/AUD (link below) is progressing, the Australian dollar hit fresh multi-month highs at 1.4634 against the euro earlier on Wednesday and is currently trading at 1.4666 The pair trends south towards...

GBP/JPY trades below 185 handle,decline till 183 is possible

Nov 25, 2015 03:59 am UTC| Technicals

GBP/JPY has made a low of 184.32 and slightly recovered from that level. It is currently trading at 184.71. Short term trend is weak as long as resistance 185.60 holds. Any break above 185.60 targets 186/187. On...

AUD/USD - Calls Update

Nov 25, 2015 03:46 am UTC| Technicals

AUD/USD popped higher to 0.7275, a one-month peak, after a key level around 0.7250 finally gave way Net MA inflows seem to be supportive for AUD at the moment but this is - as always - hard to nail down RBA...

FxWirePro: EUR/USD forms bearish cypher pattern, good to buy at dips

Nov 25, 2015 02:56 am UTC| Technicals

Harmonic Pattern Formed- Bearish Cypher pattern Potential reversal Zone (PRZ) -1.0580 EUR/USD consolidated in narrow range between 1.06733 and 1.0620 yesterday pair has broken minor resistance 1.06750 and a intra...

FxWirePro: AUD/USD key support at 0.7220, upside prevails in the short term

Nov 24, 2015 19:48 pm UTC| Technicals

AUD/USD pair inched higher in the US session after US GDP figures failed to impress the dollar bulls. After the US data release the pair managed to rebound breaking 50% fib levels and is approaching immediate resistance...

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