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GBP/CAD trades well above 2.02, jump till 2.032 is possible

Nov 13, 2015 05:41 am UTC| Technicals

GBP/CAD has made a high of 2.0294 and slightly declined from that level. Intraday trend is bullish as long as support 2.0170 holds. Any beak below 2.017 will drag the pair down till 2.0120/2.0070 level. On the...

Dollar on the defensive post Fed chat, good to short USD/JPY on break below 122.45

Nov 13, 2015 05:32 am UTC| Technicals

Fed speakers on Thursday have not been dollar friendly, with concerns over inflation and timings of a rate hike. Stanley Fischer, spoke about incorporating financial stability into monetary policy, suggesting downward...

EUR/CAD breaks minor resistance , good to buy at dips

Nov 13, 2015 04:06 am UTC| Technicals

Potential Reversal Zone (PRZ)- 1.4320 The pair has broken resistance 1.4320 which confirms short term bullishness , a jump till 1.4370/1.4425 is possible . On the downside minor support is around 1.4300 and...

EUR/USD :Watch out for 1.0800 for further bullishness

Nov 13, 2015 03:04 am UTC| Technicals

EUR/USD has made a low of 1.06911 and started to recover from that level. It is currently trading around 1.07915. Short term trend is till weak as long as resistance 1.0800 holds. The pair has been struggling to...

FxWirePro: USD/CHF key support at 0.9990, upside prevails in the short term

Nov 12, 2015 15:30 pm UTC| Technicals

The USD/CHF has slipped back sharply towards 0.9660 levels, after sellers stepped in after the comments from Feds central bankers yellen, evens and bullard. The pair has been trading in sideways range off late, a strong...

FxWirePro: EUR/USD key resistance at 1.0800, bearish in the short term

Nov 12, 2015 15:03 pm UTC| Technicals

EUR /USD pair inched higher against US dollar by hitting daily highs at 1.0795 after comments from Fed yellen. The pairs further advances towards higher levels could be limited around 1.0800 levels as the resistance formed...

FxWirePro: GBP/USD key support at 1.5130, bullish in the short term

Nov 12, 2015 14:24 pm UTC| Technicals

GBP/USD has lost some ground to dollar to trade around 1.5187 levels in the early US session after slipping from 1.5244 levels in the early European session. The cable is currently trading in oversold condition and a...

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