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FxWirePro: Efficient functioning of “hanging man likely to drag NZD/JPY to 78.610 on support breach at 81.005

Nov 06, 2015 05:21 am UTC| Insights & Views Technicals

Well..! Its not a miracle but sheer research and mere effects of bearish pattern that we spotted out in our earlier post. So, before proceeding further please refer below link as to understand on how the hanging man...

BTC/USD breaks major support around $354, targets $280

Nov 06, 2015 05:19 am UTC| Technicals Digital Currency

BTC/USD has retreated till $354 at the time of writing after making a high of $502 and currently trading around $358. On the downside major support is around $354 and any break below that level will drag the pair...

FxWirePro: USD/JPY weekly close above 121.75 strong signal for further upside

Nov 06, 2015 04:05 am UTC| Technicals

USD hit a 2 1/2-month high of 122.01 against the yen on Thursday and currently trading at 121.68. A weekly close above key resistance at 121.75, would signal a break above its trading range in the past few months....

Cable forms Bullish Gartley pattern, good to buy at dips

Nov 06, 2015 02:54 am UTC| Technicals

Harmonic pattern formed - Bullish Gartley Pattern Potential reversal Zone (PRZ)- 1.5190. On the downside any break below 1.5190 will drag the pair till 1.5150/1.5120. The pairs minor resistance is around 1.5225...

FxWirePro: USD/JPY key support at 120.80, buy deal are recommended around 121.00

Nov 05, 2015 19:48 pm UTC| Technicals

USD/JPY has rebounded strongly after hitting support level at 121.40 to trade around 120.61 levels, currently the pair is approaching to test support level at 121.41. The support level at 120.80 is set to hold the bears...

FxWirePro: USD/CAD key resistance at 1.3100, upside prevails in the short term

Nov 05, 2015 14:03 pm UTC| Technicals

The pair has rebounded from daily lows 1.3140 hit earlier after the release of US jobs data, currently the pair is trying to approach resistance level at 1.3215. 1.3100 level is a strong support zone and is set to defend...

FxWirePro: USD/CHF key support at 0.9857, bullish in the short term

Nov 05, 2015 13:40 pm UTC| Technicals

The USD/CHF has slipped back towards 0.9750 levels, after failing to break above 0.9978 resistence level. The pair has been trading in bullish trend off late and is set to continue advancing further, as long as the pair...

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