Technical Analysis

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EUR/JPY breached 98.640
Tue, 21 Aug 2012 14:54:04 GMT
 
Pair has gained and breached double bottom pattern resistance band which formed last week. However, pair is approaching a cluster of resistance levels around 99.16/40 which should drop the pair >>
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USD/CHF pushes through 0.9746/22
Tue, 21 Aug 2012 07:41:12 GMT
 
USD/CHF is close to violating an uptrend support at 0.9746/22, which stayed intact for more than three and a half months, but currently looks too soft in order to continue >>
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USD/JPY bounced off 79.50/61
Tue, 21 Aug 2012 07:41:05 GMT
 
As expected, 79.50/61 proved to be a notable resistance area by deflecting USD/JPY and sending it down to an interim level at 79.25/03. Subsequent supports are at 78.71/59 and 77.98, >>
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GBP/USD faces strong resistance at 1.5737/69
Tue, 21 Aug 2012 07:40:58 GMT
 
Bulls are once again challenging a formidable resistance zone at 1.5737/69, which includes the 200 day SMA; but their attempts are more likely to fail than succeed, as the currency >>
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EUR/USD: bulls do not give in
Tue, 21 Aug 2012 07:40:51 GMT
 
Even though EUR/USD crawls higher, it remains inclined to breach an uptrend support at 1.2353/22 and then target some of the lower levels at 1.2263, 1.2206/1.2194 or even 1.2134, since >>
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GBP/JPY to test 124.01
Mon, 20 Aug 2012 19:08:47 GMT
 
The bearish correction, which started on August 19th, continues its movement downwards, and GBP/JPY is gradually moving towards the weekly PP at 124.01, which is very likely to bring some >>
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AUD/JPY confronts weekly PP at 82.90
Mon, 20 Aug 2012 18:58:44 GMT
 
Yesterday's bullish trend failed to advance even further, and today the bearish correction takes place. As for now, the AUD/JPY currency couple confronts the weekly PP at 82.90, which might >>
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EUR/AUD remains bearish
Mon, 20 Aug 2012 18:47:44 GMT
 
Although, RSI indicator remains neutral, the bearish tendency, which started yesterday, managed to continue its movement downwards, and now the EUR/AUD currency couple is heading towards the weekly PP at >>
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EUR/CAD crosses weekly PP at 1.2201
Mon, 20 Aug 2012 18:36:43 GMT
 
Yesterday's bearish reaction has failed to continue, and today the EUR/CAD currency pair has already managed to cross the weekly PP at 1.2201, and the price is slowly approaching the >>
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NZD/USD stable
Mon, 20 Aug 2012 15:31:43 GMT
 
Pair is caught up between Fibonacci retracement levels at 0.8083 and 0.8074 keeping its outlook neutral. Pair should remain deviating between weekly R1 at 0.8124 and 200day SMA at 0.8039 >>
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USD/CAD caught between support and resistance
Mon, 20 Aug 2012 15:31:32 GMT
 
USD/CAD has appreciated for a third day, but it is very unlikely the pair will be able to advance above weekly and pivot points at 0.9931/45 in the near future. >>
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AUD/USD starting to recover
Mon, 20 Aug 2012 15:31:22 GMT
 
Pair has slightly recovered after dropping to a 3 week low at the end of last week. However, weekly PP should stop pair from advancing further till the end of >>
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EUR/JPY outlook remains negative
Mon, 20 Aug 2012 15:31:12 GMT
 
Pair has depreciated after the trading brake during the weekend. The pair should remain between 98.640 (Bollinger band) and 97.675 (55 day SMA) as pair is approaching Double Bottom pattern's, >>
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USD/CHF erodes 0.9738/19
Mon, 20 Aug 2012 08:52:18 GMT
 
USD/CHF has presently a higher probability of violating an uptrend support at 0.9738/19 than rebounding from it. Therefore supports at 0.9691 and 0.9659/43 are likely to come under pressure, though >>
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USD/JPY stalled at 79.50/57
Mon, 20 Aug 2012 07:23:28 GMT
 
The currency pair is anticipated to sustain its current rally and push through resistance at 79.50/57, though the breakout might take several tries to realise, as technical indicators remain neutral >>
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