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GBP/USD faces resistance at 1.5370, break above targets 1.5450

Oct 13, 2015 06:33 am UTC| Technicals

GBP/USD is facing strong trend line resistance around 1.5370 (trend line joining 1.5380 and 1.53659) and break above confirms short term trend reversal , a jump till 1.5450/1.5480 is possible . On the downside minor...

FxWirePro: Gravestone signals GBP/JPY’s down streak to resume – returns on active long puts in PRBS underway

Oct 13, 2015 06:17 am UTC| Technicals

With the below technical reasoning, we think arresting potential downside risks of this pair by hedging through Put Ratio back Spread and accordingly, hedging framework was also suggested, for now it is reckoned that the...

EUR/NZD breaks trend line resistance at 1.6980, jump till 1.7300 is possible

Oct 13, 2015 05:48 am UTC| Technicals

EUR/NZD has made a low of 1.6868 yesterday and recovered from that level is currently trading at 1.7029. EUR/NZD has broken major trend line resistance 1.6980 (trend line joining 1.71216 and 1.70289) and this confirms...

FxWirePro: AUD/USD edges off multi-week highs as return of risk aversion hit commodities, good to sell rallies

Oct 13, 2015 05:04 am UTC| Technicals

AUD/USD opened Tuesday at 0.7360, traded 0.7293-0.7363 in Asia, and was last at 0.7314 at the time of writing The Aussie edged off multi-week highs, dropped to 0.7305 against the USD, from a two-month peak of 0.7382...

FxWirePro: Loonie forms Bearish BAT pattern, good to sell on rallies

Oct 13, 2015 03:45 am UTC| Technicals

Harmonic Pattern formed - Bearish BAT patternPotential Reversal Zone (PRZ) -1.3087 Any break above 1.3087 will take the pair to next target 1.3135/1.3180. On the downside minor support is around 1.3025 and break below...

FxWirePro: Sell GBP/JPY on rallies around 183.50-55 with SL around 184.10 for the TP of 183/182.50

Oct 13, 2015 03:07 am UTC| Technicals

GBP/JPY has made a high of 184.69 and declined from that level. It is currently trading at 183.46 The pair has broken short term trend line support 183.90 (trend line joining 181.96 and 183) and which confirms short term...

Aussie forms bearish Gartley pattern, good to sell on rallies

Oct 13, 2015 02:53 am UTC| Technicals

Harmonic pattern formed - bearish Gartley patternPotential Reversal Zone -0.7380. Any break above 0.7380 will take the pair to 0.7405/0.7440. On the lower side minor support is around 0.7270 and any break below...

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