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Daily Technical Strategist On GBPJPY

GBPJPY: Faces Corrective Pullback ThreatsGBPJPY – Although GBPJPY may be holding on to its medium term uptrend, it faces corrective pullback threats. While the 180.70 level continues to hold as resistance, corrective pullback cannot be ruled out. On the downside, support comes in at the 177.00 level where a violation will aim at the 176.50 level. A break below here will target the 176.00 level followed by the 175.50 level. Further down, support lies at the 175.00 level. Resistance lies at the…See More
Monday
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Sep 24
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Daily Technical Strategist On EURUSD

EURUSD: Recovery Threats Envisaged.EURUSD: With EUR turning higher on Tuesday to halt its weakness, it could be building up energy to recover higher. Support lies at the 1.2800 level where a break will expose the 1.2750 level. Below here will pave the way for a move lower towards the 1.2700 level. If this continues, expect further downside to occur towards the 1.2650 level. On the upside, resistance lies at the 1.2900 level where a break will aim at the 1.2950 level, its psycho level followed…See More
Sep 23
fxtech posted a blog post

Daily Technical Strategist On EURUSD

EURUSD: Recovery Threats Envisaged.EURUSD: With EUR turning higher on Tuesday to halt its weakness, it could be building up energy to recover higher. Support lies at the 1.2800 level where a break will expose the 1.2750 level. Below here will pave the way for a move lower towards the 1.2700 level. If this continues, expect further downside to occur towards the 1.2650 level. On the upside, resistance lies at the 1.2900 level where a break will aim at the 1.2950 level, its psycho level followed…See More
Sep 23
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Sep 19
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Sep 17
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Sep 15
fxtech posted a blog post

The Week Ahead On USDCHF

USDCHF: Vulnerable On Corrective PullbackUSDCHF: With USDCHF closing on a rejection candle formation (shooting star), it faces the risk of a pullback in the new week. On the upside, resistance resides at the 0.9400 level where a break will aim at the 0.9450 level. Further out, resistance resides at the 0.9500 level. A breather may occur here and turn the pair lower. On the downside, support lies at the 0.9300 level with a break targeting the 0.9250 level and then the 0.9200 level. Further down,…See More
Sep 13
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Sep 12
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Sep 9
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Sep 7
fxtech posted a blog post

Daily Technical Strategist On GBPUSD

GBPUSD: Faces Further Bear ThreatsGBPUSD: GBP extending its weakness on Thursday leaving risk of further downsides on the cards. Further decline is envisaged towards the 1.6300 level where a break will aim at the 1.6250 levels. A break of here will turn attention to the 1.6200 level. Further down, support lies at the 1.6150 level. Its daily RSI bearish and pointing lower supporting this view. Conversely, resistance resides at the 1.6400 level with a break aiming at the 1.6450 level where a…See More
Sep 5
fxtech posted blog posts
Sep 4

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About Myself
FXTechstrategy provides a comprehensive forex technical research and tools to help traders make objective, easy and better trading decisions.

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Fxtech's Blog

Daily Technical Strategist On EURGBP

Posted on October 1, 2014 at 1:21pm 0 Comments

EURGBP- Bearish, Threatens Further Downside

EURGBP- We continue to hold our downside bias on the cross as it continues to maintain its bearishness. On the downside, support lies at the 0.7800 level where a break will expose the 0.7780 level. Further down, support comes in at the 0.7750 level where a violation will turn attention to the 0.7700 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance lies at the 0.7900 level where a violation if…

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Daily Technical Strategist On EURJPY

Posted on September 30, 2014 at 2:06pm 0 Comments

EURJPY: Weakens, Maintains Downside Bias

EURJPY- With EURJPY turning lower on a sell-off during Tuesday trading session, the risk is for more weakness to occur. Support comes in at the 137.50 level where a break will aim at the 137.00 level. A break will target the 136.61 level with a breach turning focus to the 136.00 level. Below here will aim at the 135.50 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 138.50 level…

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Daily Technical Strategist On GBPJPY

Posted on September 29, 2014 at 7:43pm 0 Comments

GBPJPY: Faces Corrective Pullback Threats



GBPJPY – Although GBPJPY may be holding on to its medium term uptrend, it faces corrective pullback threats. While the 180.70 level continues to hold as resistance, corrective pullback cannot be ruled out. On the downside, support comes in at the 177.00 level where a violation will aim at the 176.50 level. A break below here will target the 176.00 level followed by the 175.50 level. Further down, support lies at the 175.00 level. Resistance… Continue

Weekly Technical Strategist On EURUSD

Posted on September 28, 2014 at 6:10pm 0 Comments

EURUSD: Continues To Face Downside Pressure

EURUSD: Outlook for EUR remains lower after extending its weakness below the 1.2700 level the past week. Support lies at the 1.2600 level where a break will expose the 1.2550 level. Below here will pave the way for a move lower towards the 1.2500 level. If this continues, expect further downside to occur towards the 1.2450 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance lies at the 1.2750…

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