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FxWirePro: Cable trades within narrow range of 1.55483-1.56881, good to buy at dips

Aug 04, 2015 11:25 am UTC| Technicals

RES 4: 1.5745 RES 3 : 1.56881 (jul 29th high) RES 2:1.56770 (Jul 31st high) RES 1: 1.5630 (support turned into resistance) PRICE: 1.55990 @11:24 GMT SUP1 : 1.5587 (7 day EMA) SUP2 :1.5554 (20 day...

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

Aug 04, 2015 11:10 am UTC| Technicals

RES 4: 126.88 (161.8% retracement of 124.43 and 120.45) RES 3 : 125.85 (jun 5th high) RES 2:125 RES 1: 124.40 (Jun 24th high) PRICE: 123.92 @11:10 GMT SUP1 : 123.98 (7 day 4 HEMA) SUP2 :123.80 (55...

FxWirePro: EUR/USD gains capped by 1.0980, momentum remains on downside

Aug 04, 2015 09:54 am UTC| Technicals

EUR/USD recovers from days low by 1.0931 but keeps below the 1.1000 handle as EUR bulls struggle to extend gains Upbeat PMI data from the eurozone yesterday was largely ignored by the markets, traders cautious ahead of...

FxWirePro: Cable struggles to hold above the 1.56 handle, awaits UK construction PMI

Aug 04, 2015 07:17 am UTC| Technicals

Greenback weakness across the board helping GBP/USD higher, pair is currently struggling to hold above the 1.56 handle Cable met headwind pre-1.5624 after extending north from 1.5570 (Asia low), has from there retraced...

FxWirePro: USD/JPY key support at 124.08, buy deals are recommended above 124.10

Aug 03, 2015 13:17 pm UTC| Technicals

USD/JPY is approaching to test minor resistance level at 124.26. The pair rebounded after testing 124.08 support level in the earlier sessions, the support level at 124.08 is set to hold the bears and advance further to...

FxWirePro: EUR/USD key resistance at 1.1005, sell deals are recommended below 1.0970

Aug 03, 2015 12:31 pm UTC| Technicals

The pair is approaching minor resistance level at 1.0963. The resistance level located at 1.0005 is strong and it is expected to hold the bulls from advancing further. The pair is trading around 1.0958 levels and it...

FxWirePro: USD/CAD hits fresh multi-year peaks, weak Canadian GDP data and falling oil prices weigh on CAD

Aug 03, 2015 12:09 pm UTC| Technicals

Weakness around crude oil prices buoyed USD/CAD spot well above the 1.3100 handle Oil prices dropped to multi month lows on Monday as OPEC supply rises in July and demand concerns on weak China data USD/CAD spot jumped...

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