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02 / 11 / 2015 | Technical Analysis

GBP/USD: Today’s Major Levels 1.5493 and 1.5404

North American Session
The GBP/USD pair has been trending upwards since the 29th of October 2015, with the buyers leading the price from as low as 1.5242 to as high as 1.5493.

During the course of the day today, the pair stabilised around 1.5429 to subsequently rise up to 1.5493 to finally fall down to 1.5429. In the event that the sellers keep exerting strong pressures and the price breaks below the level of 1.5399, the pair could decelerate down to 1.5369 and 1.5338 in extension.

Conversely, in the scenario where the price finds enough support below the level of 1.5429, the price could bounce back up. If the buyers manage to resume their previous upward pressures and the price breaks above 1.5506, the price could escalate up to 1.5668. 
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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02 / 11 / 2015 | Technical Analysis

EUR/USD: Stabisation Noticed Between 1.1049 and 1.1017

European Session
The EUR/USD pair has been under bullish pressures since the 28th of October 2015, with the bulls leading the price from as low as 1.0899 to as high as 1.1069.

Today, the pair consolidated between the levels of 1.1049 and 1.1017. Provided that there is a considerable amount of support below the uptrend line, the bulls could manage to resume their buying activity and push the price upwards. In the event that the price succeeds in breaking above the level of 1.1084, the pair could escalate up to 1.1143 and 1.1199 in extension.

Conversely, in the scenario where the sellers win in their current battle and overweigh buyers in trading volume, they could force the price lower. In case that the price breaks below the level of 1.0964, the price could decelerate down to 1.0933 and 1.0899 respectively. 
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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30 / 10 / 2015 | Technical Analysis

EUR/CAD: Today’s Major Levels 1.4644 and 1.4534

North American Session
The EUR/CAD pair has been trending down since Thursday, 22th of September 2015. The downward movement began from as high as 1.4905 to as low as 1.4377.
In the scenario that the buyers succeed in pushing the price to break above the level of 1.4644, the price could escalate up to 1.4720 and 1.4905 in extension.
Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 1.4377, the price could decelerate to 1.4114.  



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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29 / 10 / 2015 | Technical Analysis

USD/JPY: Today’s Major Zones 121.15 and 120.57

European Session 
The USD/JPY pair has been trending downwards since the 26th of October 2015, with the sellers leading the price from as high as 121.47 to as low as 120.01.

The pair rose aggressively on Wednsday at the level of 121.25 to subsequently fall down to 120.57.Currently, the pair shows signs of stabilisation between the levels of 120.64 and 120.81. In the event that the buyers manage to gain momentum and force the price to break above the level of 120.91, the price could escalate up to 121.47 and 122.36 in extension.

In the opposite scenario, where the sellers manage to resume their downward pressures and push the price below the level of 120.02, the pair could decelerate down to 119.35. 
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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28 / 10 / 2015 | Technical Analysis

GBP/USD: Today’s Major Levels 1.5289 and 1.5299

European Session
The GBP/USD pair has been moving downwards since Thursday, 22th of September 2015. The downward movement began from as high as 1.5506 to as low as 1.5289.

In the scenario that the buyers succeed in pushing the price to break above the level of 1.5371, the price could escalate up to 1.5398 and 1.5423 in extension.

Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 1.5289, the price could decelerate to 1.5200.




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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27 / 10 / 2015 | Technical Analysis

NZD/USD: Today’s Major Levels 0.6784 and 0.6792

North American Session
The NZD/USD pair has been trending down since Friday, 23th of September 2015. The downward movement began from as high as 0.6864 to as low as 0.6785. 

In the scenario that the buyers succeed in forcing the price to break above the level of 0.6815, the price could escalate up to 0.6835 and 0.6864 in extension. 

Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 0.6761, the price could decelerate to 0.6699.  
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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27 / 10 / 2015 | Technical Analysis

EUR/CHF: Stabilisation Noticed Below 1.0868

European Session
The EUR/CHF pair has been moving upwards since the 23rd of October 2015, with the bulls leading the price from as low as 1.0758 to as high as 1.0876.

Today, the pair stabilised between the levels of 1.0868 and 1.0848, an indication of struggle between the buyers and the sellers. In case that the sellers manage to overweigh buyers in terms of trading volume, they could force the price lower. In the event that they succeed in breaking below the level of 1.0830, profit targets could be set at 1.0817 and 1.0804 respectively.

Alternatively, in the scenario where the buyers manage to resume their previous activity and the pair breaks above 1.0892, the pair could escalate up to 1.0892 and 1.0977 in extension.
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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26 / 10 / 2015 | Technical Analysis

GBP/USD: Today’s Major Levels 1.5360 and 1.5303

North American Session
The GBP/USD pair has been trending down since Tuesday, 20th of September 2015. The downward movement began from as high as 1.5505 to as low as 1.5303.
In the scenario that the buyers succeed in pushing the price to break above the level of 1.5380, the price could escalate up to 1.5404 and 1.5428 in extension.
Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 1.5303, the price could decelerate to 1.5200.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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26 / 10 / 2015 | Technical Analysis

USD/JPY: Today’s Major Zones 120.92 and 121.47

European Session 
The USD/JPY pair has been trending upwards, since the 15th of October 2015, with the buyers leading the price from as low as 118.06 to as high as 121.47. On Friday, at the early European Session the price escalate from 120.42 up to 121.34.

Today, with the opening of the trading session, the pair fell from 121.47 down to 120.92. In the event that the sellers keep forcing the pair lower and the price penetrates the level of 120.16, the pair could decelerate down to 119.76 and 119.36 in extension.

In the opposite scenario, where the buyers manage to resume their upward pressures and the price breaks above the level 121.46, the price could escalate up to 121.77.




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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23 / 10 / 2015 | Technical Analysis

USD/CAD: Today’s Major Levels 1.3036 and 1.3197

North American Session
The USD/CAD pair has been moving upwards since Thursday, 15th of October, 2015, with the buyers being able to drive the price from as low as 1.2833 to as high as 1.3197.

Today, the pair moved higher, but the bulls seem to find the 1.3197 level to be too resistive. In the scenario that the [price retraces to the downside and the bears manage to force the price to break below the level of 1.3079, the price could decelerate down to 1.3014 and 1.2926 in extension.

In the opposite scenario, that the bulls manage to pull the price above the level of 1.3197, the price could escalate up to 1.3420.
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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