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FxWirePro: USD/ZAR price action dips into cloud, good to sell rallies

Oct 14, 2015 12:38 pm UTC| Technicals

USD/ZAR erased most of Tuesdays gains and price action has dipped into cloud, furthering bearish momentum. Daily Techs point lower, Stochs show bearish crossover and RSI is biased lower, downside has further to...

FxWirePro: CAD/JPY intermediate trend to puzzle – opportunity for swing traders to buy binary calls for TP at 92.233

Oct 14, 2015 12:28 pm UTC| Technicals

Lot of puzzling has been happening in CADJPY when we consider the intermediate trend of this pair, bullish candles such as dragonfly doji at 92.160 on weekly has been unable to prop up prices effectively although bulls...

FxWirePro: EUR/GBP struggles to break above 0.7500, good to buy at dips

Oct 14, 2015 12:06 pm UTC| Technicals

RES 4: 0.7580 (Feb 3rd high) RES 3:0.7520 RES 2: 0.7480 (May 5th 2015) RES 1: 0.7450 (Oct 2nd 2015) PRICE: 0.7419 @ 12:06 GMT SUP 1: 0.7414 (Kijun-Sen) SUP 2: 0.7378 ( cloud top) SUP 3: 0.7340...

FxWirePro: Deploy Butterfly spreads to hedge CAD/JPY puzzling swings

Oct 14, 2015 11:51 am UTC| Technicals

Although recent improvement in the Canadian economic data, an annualized increase of 2.5% for Q3 2015 GDP versus the BoCs forecast of 1.5%, we do not expect the BoC to raise interest rates until Q3 2016 amidst evidence of...

FxWirePro: GBP/USD retraces from fresh session highs at 1.5372, focus on U.S PPI and retail sales

Oct 14, 2015 11:46 am UTC| Technicals

UK jobs report reflected mixed results with the monthly wages coming in below estimates, but the data was read as net-GBP positive. Cable spiked towards the 1.54 barrier, but gains capped at 1.5372, strong resistance...

FxWirePro: USD/JPY breaks major support 119.60, good to sell on rallies

Oct 14, 2015 11:24 am UTC| Technicals

RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.56 (Oct 6th 2015) RES 2: 120.00 (200 day HMA) RES 1: 119.65 (7 day H EMA) PRICE: 119.55 @11:23 GMT SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72) SUP 2:...

GBP/JPY Trade idea

Oct 14, 2015 11:17 am UTC| Technicals

Harmonic Pattern- Bullish Cypher pattern Potential Reversal Zone (PRZ) - 181.40 GBP/JPY has made a low of 181.84 and recovered from that level. till 183. It is currently trading at 182.88. Intraday minor...

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