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Weekly Technical Strategist On EURUSD

EURUSD: Vulnerable, Reverses Gains EURUSD:  Outlook for EUR continues to point lower following  a reversal of its previous week gains the past week. However, a mild recovery higher may occur before more strength is seen in the new week. Support is seen at 1.2150 level with a cut through here opening the door for more downside towards the 1.2100 level. Further down, support lies at the 1.2050 level where a break will expose the 1.2000 level. Below here will pave the way for a move lower towards…See More
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Daily Technical Strategist On GBPUSD

GBPUSD: Loses Upside Steam GBPUSD: Unless GBP breaks and holds above its intra day high at 1.5756 level, it faces a return to the downside in the days ahead. On the downside, support lies at the 1.5600 level where a break will aim at the 1.5550 level where a break will aim at the 1.5600 level. A break of here will turn attention to the 1.5500 level. Further down, support lies at the 1.5450 level. Conversely, resistance resides at the 1.5756 level with a break aiming at the 1.5850 level. A…See More
Dec 11
fxtech posted a blog post

Daily Technical Strategist On USDJPY

USDJPY: Declines Further On CorrectionUSDJPY: Having turned lower on Monday and followed through lower on correction during Tuesday trading session, further decline is envisaged. On the downside, support comes in at the 119.00 level where a break will target the 118.00 level. Below here if seen will aim at the 117.00 level followed by the 116.50 and then the 116.00. On the upside, resistance resides at the 120.50 level followed by the 121.50 level where a break will target the 122.00 level.…See More
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FXTechstrategy provides a comprehensive forex technical research and tools to help traders make objective, easy and better trading decisions.

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Weekly Technical Strategist On EURUSD

Posted on December 21, 2014 at 4:53pm 0 Comments

EURUSD: Vulnerable, Reverses Gains 

EURUSD:  Outlook for EUR continues to point lower following  a reversal of its previous week gains the past week. However, a mild recovery higher may occur before more strength is seen in the new week. Support is seen at 1.2150 level with a cut through here opening the door for more downside towards the 1.2100 level. Further down, support lies at the 1.2050 level where a break will expose the…

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Daily Technical Strategist On EURJPY

Posted on December 19, 2014 at 2:10pm 0 Comments

EURJPY: Faces Price Hesitation.

EURJPY- With the cross failing to follow through higher on the back of its Wednesday gains to close lower on Thursday, downside risk is likely. On the downside, support comes in at the 146.00 level where a break will aim at the 145.00 level. A break will target the 144.00 level with a breach turning focus to the 143.00 level. On the upside, resistance resides at the 147.00 level where a break if seen will threaten further upside towards the 148.00.…

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Daily Technical Strategist On EURJPY

Posted on December 19, 2014 at 2:10pm 0 Comments

EURJPY: Faces Price Hesitation.

EURJPY- With the cross failing to follow through higher on the back of its Wednesday gains to close lower on Thursday, downside risk is likely. On the downside, support comes in at the 146.00 level where a break will aim at the 145.00 level. A break will target the 144.00 level with a breach turning focus to the 143.00 level. On the upside, resistance resides at the 147.00 level where a break if seen will threaten further upside towards the 148.00.…

Continue

Daily Technical Strategist On USDJPY

Posted on December 18, 2014 at 3:23am 0 Comments

USDJPY: Bullish, Targets Further Upside

USDJPY: Outlook for USDJPY now points higher after rallying strongly on Wednesday. On the upside, resistance resides at the 119.50 level followed by the 120.00 level where a break will target the 120.50 level. Further out, resistance comes in at the 121.00 level where a violation will aim at the 121.50 level. On the downside, support comes in at the 118.00 level where a break will target the 117.50 level. Below here if seen will aim at the…

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