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daily technical strategist on AUDUSD

AUDUSD:  Maintains Corrective BiasAUDUSD:  With AUDUSD turning higher on Monday and following through higher on Tuesday, it now faces the risk of further upside in the days ahead. On the downside, support resides at the 0.7850 level where a breach will aim at the 0.7800 level. Below that level will set the stage for a run at the 0.7750 level with a cut through targeting further downside towards the 0.7700 level. On the upside, resistance lies at the 0.7950 level. A cut through here will turn…See More
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fxtech's 2 blog posts were featured
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fxtech's blog post was featured

The Week Ahead On USDCHF

USDCAD: Extends Bullish OffensiveUSDCAD: With price extension seen the past week, USDCAD faces further bullishness in the new week. However, a corrective pullback may develop following its recent upside run. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2650 level. Its weekly RSI is bullish and pointing higher…See More
Saturday
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The Week Ahead On USDCHF

USDCAD: Extends Bullish OffensiveUSDCAD: With price extension seen the past week, USDCAD faces further bullishness in the new week. However, a corrective pullback may develop following its recent upside run. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2650 level. Its weekly RSI is bullish and pointing higher…See More
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Jan 21
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Jan 20
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Weekly Technical Strategist On EURUSD

EURUSD: Faces Continued BearishnessEURUSD: With further decline occurring the past week, additional downside pressure is likely in the week. Support is seen at 1.1500 level with a cut through here opening the door for more downside towards the 1.1450 level. Further down, support lies at the 1.1400 level where a break will expose the 1.1350 level. Below here will pave the way for a move lower towards the 1.1300 level. On the upside, resistance lies at the 1.1650 level where a violation will aim…See More
Jan 18
fxtech's blog post was featured

The Week Ahead On USDCHF

GBPJPY: Bearish, Extends WeaknessGBPJPY: With the cross extending its weakness the past week, further decline is envisaged in the new week. However, following the mentioned weakness it should trigger a corrective recovery in the new week. On the downside, support comes in at the 175.83 level where a violation will aim at the 175.00 level. A break below here will target the 174.00 level followed by the 173.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside,…See More
Jan 18
fxtech posted a blog post

The Week Ahead On USDCHF

GBPJPY: Bearish, Extends WeaknessGBPJPY: With the cross extending its weakness the past week, further decline is envisaged in the new week. However, following the mentioned weakness it should trigger a corrective recovery in the new week. On the downside, support comes in at the 175.83 level where a violation will aim at the 175.00 level. A break below here will target the 174.00 level followed by the 173.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside,…See More
Jan 17
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Jan 16
fxtech's 2 blog posts were featured
Jan 14
fxtech posted blog posts
Jan 14
fxtech's blog post was featured

Daily Technical Strategist On GBPUSD

GBPUSD: Risk Points Higher On Correction GBPUSD: GBP may be biased to the downside in the medium term but faces immediate corrective recovery in the new week. On the downside, support lies at the 1.5033 level where a break will aim at the 1.4950 level. A break of here will turn attention to the 1.4900 level. Further down, support lies at the 1.4850 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, resistance resides at the 1.5200 level with a break aiming at…See More
Jan 12

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Fxtech's Blog

daily technical strategist on AUDUSD

Posted on January 27, 2015 at 1:47pm 0 Comments

AUDUSD:  Maintains Corrective Bias

AUDUSD:  With AUDUSD turning higher on Monday and following through higher on Tuesday, it now faces the risk of further upside in the days ahead. On the downside, support resides at the 0.7850 level where a breach will aim at the 0.7800 level. Below that level will set the stage for a run at the 0.7750 level with a cut through targeting further downside towards the 0.7700 level. On the upside,…

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Daily Technical Strategist On GBPJPY

Posted on January 26, 2015 at 3:43pm 0 Comments

GBPJPY: Halts Weakness, Triggers Correction

GBPJPY: With the cross reversing its early intraday losses to strengthen on Monday, it faces further corrective recovery threats in the days ahead. On the downside, support comes in at the 177.00 level where a violation will aim at the 176.00 level. A break below here will target the 175.00 level followed by the 174.00 level. Further down, support lies at the 173.00…

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commodity technical outlook on GOLD

Posted on January 26, 2015 at 2:54am 0 Comments

GOLD: Looks To Trigger Correction

GOLD: With a marginal close seen the past week, corrective pullback is envisaged. Resistance resides at the 1,315 level where a break will aim at the 1,330.00 level. A break of here will turn attention to the 1,350.00 level followed by the 1,380.00 level. A cut through here will extend gains towards the 1,400.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1,300.00 level where a…

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Weekly Technical Strategist On EURUSD

Posted on January 25, 2015 at 4:09pm 0 Comments

EURUSD: Maintains Its medium Term Weakness

EURUSD: With EUR declining strongly further the past week, further downside is likely in the days ahead..Support is seen at 1.1150 level with a cut through here opening the door for more downside towards the 1.1110 level. Further down, support lies at the 1.1050 level where a break will expose the 1.1000 level. On the upside, resistance lies at the 1.1250 level where a violation will aim at the 1.1300 level where a break will aim at the…

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