Technical Analysis

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USD/JPY is contained by 78.37/54
Fri, 03 Aug 2012 07:43:10 GMT
 
Breakout above a downtrend resistance at 78.37/54 has not yet been confirmed, implying increased possibility of continuation of a downtrend, being that descending triangle is believed to be a bearish >>
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GBP/USD slows down ahead of 1.5472/50
Fri, 03 Aug 2012 07:08:35 GMT
 
GBP/USD is approaching a significant support level at 1.5472/50, behaviour of the pair near which may define its performance in the medium-term. In case the cable bounces off the support, >>
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EUR/USD's bias is bearish
Fri, 03 Aug 2012 07:08:29 GMT
 
EUR/USD has spiked up to 1.2406/47 yesterday, but was unable to close above resistance at 1.2337/64, which in turn has set in motion bearish tendency, resulting in a support level >>
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GBP/JPY slowly approaching 20-day SMA
Thu, 02 Aug 2012 18:12:55 GMT
 
Bearish tendency, which lasted for the lastthree days was stopped today, and now a bullish reaction takes place. If the movement upwards proceeds, then GBP/JPY might reach a 20-day SMA at 122.700, which >>
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EUR/CAD gains bullish momentum
Thu, 02 Aug 2012 18:01:55 GMT
 
Despite being traded within a bearish channel, EUR/CAD currency pair experienced another rally today. Besides, yesterday's dip failed to extend to a new low, as a result, EUR/CAD is presently slowly approaching a >>
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EUR/AUD remains bearish
Thu, 02 Aug 2012 17:50:56 GMT
 
EUR/AUD currency pair remains bearish, while slowly approaching Weekly S2 at 1.1653, where it might gain some bullish momentum. In case it is breached, then the Lower Bollinger Band at 1.1619 is very >>
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NZD/USD is fluctuating in between 0.8068/0.8112
Thu, 02 Aug 2012 15:39:40 GMT
 
The Kiwi dollar commenced trading in a flat trend today against the US dollar, though bullish investors do not lose hope to push NZD higher. If bullish impetus continues, 0.8112 (upper Bollinger >>
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The US dollar pairs losses against CAD, aims at 1.0085
Thu, 02 Aug 2012 15:39:33 GMT
 
Although USD/CAD is trading near a psychological parity level (1.00, the pair managed to continue bouncing from this line and for now 1.0085 might serve as an initial resistance level, confirmed by >>
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AUD/USD is moving to 1.0406, attempts to reiterate a bullish trend
Thu, 02 Aug 2012 15:39:27 GMT
 
The currency pair laid back a bit, approaching the first initial support level at 1.0406 (38.20% Fibo), though bulls try to establish an upward trend. If this is the case, investors might >>
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The Euro is trading flat against the Japanese yen; 95.81 in focus
Thu, 02 Aug 2012 15:39:20 GMT
 
The pair remains resilient after Mario Draghi's press conference as the EUR/JPY currency pairs is currently trading in a price range of 95.80/96.20. If the pair moves higher, 96.35 (200-day SMA) is >>
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USD/CHF surges
Thu, 02 Aug 2012 07:13:40 GMT
 
Without reaching support at 0.9708/0.9677, USD/CHF managed to gain bullish momentum and confront 0.9809/20, though the currency pair appears to have some difficulty at overcoming it, which in turns delays >>
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USD/JPY struggles at 78.37
Thu, 02 Aug 2012 07:13:34 GMT
 
Despite a descending triangle on the chart (the pattern which is commonly believed to be bearish), USD/JPY is attempting to close above a downtrend resistance at 78.37 and commence recovery. >>
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GBP/USD stalled at 1.5533
Thu, 02 Aug 2012 06:53:34 GMT
 
The cable has effortlessly pierced through several supports yesterday, resulting in an accelerated down move, which was only stopped by 1.5533 (weekly S1). Consequently, we expect a bullish correction to >>
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EUR/USD to continue bearish run
Thu, 02 Aug 2012 06:47:53 GMT
 
EUR/USD is slowly eroding support at 1.2244/29, which is unwilling to give in easily. Nonetheless, bears are expected to overcome this obstacle and drag the price lower. The initial target >>
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EUR/AUD to reach 1.1654
Wed, 01 Aug 2012 19:31:53 GMT
 
Yesterday's bearish movement turned out to be short-lived, and in the end another bullish reaction took place, however, today EUR/AUD currency pair returned to its bearish tendency and now is gradually moving closer >>
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