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EUR/GBP Forecast May 25, 2012, Technical Analysis

posted by FXEmpire 2 days ago in EUR, GBP, Technical made popular 2 days ago

The EUR/GBP pair has fallen apart over the last three days as the Thursday session turned away the buyers. The bounce from the 0.80 level fell flat, and the day closed with a shooting star just at the level, which looks very bearish to say the le

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Euro wallows at 2-year lows as EU worries rattle markets

posted by keiragabe 2 days ago in EUR, AUD made popular 2 days ago

* EUR option barriers at $1.2500; stops at $1.2480 * Break of $1.25 targets June 2010 low of $1.1876 * USD/JPY supported by importers, short-covering * DXY at its highest since Sept 2010 * Sell-off in Asian currencies weighs on Aussie By Antoni ...

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Euro wallows at 2-year lows as EU jitters rattle markets

posted by yosoybeloved 2 days ago in EUR, JPY made popular 2 days ago

* EUR option barriers at $1.2500; stops at $1.2480 * Market could consolidate around $1.25 * Break of the level targets June 2010 low of $1.1876 * USD/JPY supported by importers, short-covering * Long US weekend could limit volatility By Antoni ...

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Forex Resistance Pivot Points Support 05/25/2012

posted by goldsam 2 days ago in USD, Technical, Daily made popular 2 days ago

Daily Forex Resistance Pivot Points Support 05/25/2012

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The Opening Bell: Where currencies start for Friday, May 25, 2012

posted by Orci 2 days ago in NZD made popular 2 days ago

The Pound has strengthened almost 10% against the Kiwi since the end of Feb - I can't see that trend continuing with the UK economy in a recession and the central bank expected to print more money. The NZD is stronger against most of the major cross ...

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ForexLive: Solid Selling Interst In USD/CAD Ahead Of 1.03

posted by ejc 2 days ago in CAD, Technical, Daily made popular 2 days ago

USD/CAD remains near the highest levels of the session at 1.0280. Option barriers at 1.03 are likely to be defended and the corporate order board is splattered with bids from there to 1.0360...more.

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ForexLive: Oil Higher As Nuclear Talks Stumble

posted by ejc 2 days ago in Technical, Daily, Oil made popular 2 days ago

Recent lower oil prices is one of the few positive factors for global growth in the past month. A breakdown in talks would burn risk assets....more.

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ForexLive: NZD/USD's Choppy Correction Higher

posted by ejc 2 days ago in NZD, Technical, Daily made popular 2 days ago

The NZDUSD has been chopping higher with the NY action staying above the 200 bar MA on the 5 minute chart and a loose channel trend line. Earlier the price pushed above the midpoint of the move down this week but that attempt was quickly rejecte

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Using MACD Divergence

posted by Fxmegaforex 2 days ago in Technical, Special made popular 2 days ago

MACD Divergence

It is not an entry signal but rather an indication of the bias of the pair based on current momentum.
For example, price may be going higher but MACD is moving lower and that would be negative divergence.

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Better Data Boosts Risk Appetite, Sending US Dollar Lower

posted by MMarquit 2 days ago in USD made popular 2 days ago

US dollar is moving lower right now, thanks to improved risk appetite. Most of that risk appetite is coming from enthusiasm over better data in the United States. Improvements to the US economy are helping high beta currencies, even after continu

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UK Q1 GDP Contracts More Than Initial Estimate

posted by Cittiperth 2 days ago in USD, GBP, Economic Indicators made popular 2 days ago

Meanwhile, output of the service industries rose by 0.1 percent. In a separate report, the ONS said business investment rose by GBP 1.1 billion sequentially to GBP 30.8 billion. On a yearly basis, investment grew GBP 3.8 billion or 14.2 percent. by RTT ...

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GBP/USD Dips Further, Next Target 1.56

posted by sparksy 2 days ago in USD, EUR, JPY, CAD, AUD made popular 2 days ago

On Wednesday Pound/Dollar continued decreasing with 100 pips. The Cable depreciated from 1.5772 to 1.5668 yesterday, in line with the negative money flow sentiment at nearly -22%, closing the day at 1.5689. Today the British Pound weakened slightly ...

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