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Tag archive for ‘downtrend’
The EUR/USD closed below the key 1.2042 support yesterday. This breach signals that the downtrend is set to continue. The pair will target 1.1876 next.
By ProfitEase.com On Saturday, January 3rd, 2015
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EUR/USD – Technical Analysis (05.01.2014)

On Friday, the EUR/USD closed below the crucial 1.2042 support both on a daily and weekly basis. This breach signals that the downtrend here is set to continue. The forex pair will target the key 1.1876 zone next. More...

We expect the prevaling GBP/USD downtrend to renew in the near future as reversal signals appeared around 1.5750. Immediate support is offered by 1.5693.
By ProfitEase.com On Thursday, December 11th, 2014
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GBP/USD – Technical Analysis (11.12.2014)

The GBP/USD correction is losing steam as reversal signs appeared around the 1.5730-1.5750 resistance area. Although a repeated attempt is not to be excluded, we expect the prevaling downtrend to renew in the near More...

The forex pair is currently targeting the major support at 1.5425. Initial resistance is 1.5725.
By ProfitEase.com On Tuesday, December 9th, 2014
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GBP/USD – Technical Analysis (09.12.2014)

The GBP/USD downtrend is set to continue. The forex pair is currently targeting the major support at 1.5425. Initial resistance is 1.5725, and the outlook below this level will remain markedly bearish.  More...

Next target for the EUR/USD is the major 1.2040 support. The 1.2360 resistance is expected to limit any potential attempts on correction.
By ProfitEase.com On Tuesday, December 9th, 2014
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EUR/USD – Technical Analysis (09.12.2014)

The EUR/USD downtrend has yet to unfold. Next target to the downside is the major 1.2040 support. The 1.2360 resistance is expected to limit any potential attempts on correction.  More...

Next target on the downside for the GBP/USD is 1.5425. Immediate resistance is expected at 1.5730.
By ProfitEase.com On Saturday, December 6th, 2014
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GBP/USD – Technical Analysis (08.12.2014)

The GBP/USD downtrend is intact, and the forex pair is close to breaking through the 1.5580 support. Next target on the downside is 1.5425. Immediate resistance is expected at 1.5730.  More...

The EUR/USD's next target is the 1.2040 major support. Immediate resistance is expected at 1.2357.
By ProfitEase.com On Saturday, December 6th, 2014
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EUR/USD – Technical Analysis (08.12.2014)

The EUR/USD’s correction attempt was stopped short at 1.2455. The downtrend is resumed, and the pair’s next target is the 1.2040 major support. Immediate resistance is expected at 1.2357.  More...

With the EUR/USD correction still intact, the pair is expected to head to the 1.2507 resistance. Crucial on the downside is the support level at 1.2353.
By ProfitEase.com On Friday, December 5th, 2014
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EUR/USD – Technical Analysis (05.12.2014)

The EUR/USD correction which started yesterday is still in progress. The forex pair is expected to head north to the 1.2507 resistance. Crucial on the downside is the support level at 1.2353. A breach of there More...

The GBP/USD is currently targeting 1.5590 en route to the crucial support at 1.5425. The resistance at 1.5825 will limit any potential correction attempts.
By ProfitEase.com On Wednesday, December 3rd, 2014
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GBP/USD – Technical Analysis (03.12.2014)

The GBP/USD downtrend is far from over. The pair is currently targeting 1.5590 en route to the crucial support at 1.5425. The resistance level located at 1.5825 will limit any potential correction attempts.  More...

Gold's bounce from $1146.75 signals that it might be in for some more upside. Immediate support is offered by the $1142.50-$1146.65 support.
By ProfitEase.com On Monday, December 1st, 2014
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Gold – Technical Analysis (01.12.2014)

Gold’s strong bounce from $1146.75 signals that the precious metal might be in for some more upside. Immediate support for the precious metal is offered by the $1142.50-$1146.65 support, while $1131 is crucial More...

The 1.5875 resistance should halt the GBP/USD upside attempts and resume the prevaling downtrend, targetting the 1.5590 support.
By ProfitEase.com On Thursday, November 27th, 2014
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GBP/USD – Technical Analysis (27.11.2014)

Despite the GBP/USD’s advance to a session high of 1.5805, the pair’s rally looks brittle and only corrective in nature. The 1.5875 resistance should halt the GBP/USD upside attempts and resume the More...

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