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Tag archive for ‘breakout’
The GBP/USD selloff has not run out of steam. Next target to the downside is 1.5750, while initial resistance is expected at 1.5875.
By ProfitEase.com On Friday, November 7th, 2014
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GBP/USD – Technical Analysis (07.11.2014)

Yesterday’s breakout through the 1.5875 support indicates that the GBP/USD selloff has not run out of steam. Next target to the downside is 1.5750, while initial resistance is expected at 1.5875.  More...

The EUR/USD downtrend has more room to unfold. Next target to the downside is 1.2280. Immediate resistance is the breakout zone at 1.2438.
By ProfitEase.com On Friday, November 7th, 2014
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EUR/USD – Technical Analysis (07.11.2014)

The break through the 1.2438 support signals that the EUR/USD downtrend has more room to unfold. Next target to the downside is 1.2280. Immediate resistance is the breakout zone at 1.2438.  More...

The pair is trading close to the 1.5875 support. We anticipate a breakout through the level to send the pair to 1.5815. Immediate resistance is 1.5925.
By ProfitEase.com On Wednesday, November 5th, 2014
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GBP/USD – Technical Analysis (05.11.2014)

As pointed out in our previous analysis, the outlook for GBP/USD is bearish. The pair is trading close to the 1.5875 support. We anticipate a breakout through the level to send the pair to 1.5815. Immediate resistance More...

Next target for the EUR/USD is the 1.2500 support. Immediate resistance is offered by 1.2705.
By ProfitEase.com On Friday, October 24th, 2014
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EUR/USD – Technical Analysis (24.10.2014)

The break through 1.2705 a couple of days ago put an end the EUR/USD trading range between the 1.2840 resistance and the aforementioned support. Next target for the forex pair is 1.2500. Immediate resistance is More...

In trading a breakout, you first find an impulsive move to the upside or downside. The entry is in the direction of the breakout; stop orders are a must.
By ProfitEase.com On Thursday, October 2nd, 2014
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How to Profit from a Breakout

In trading a breakout, there is always a hazard of a false breakout which can result in a loss. For this strategy to be successful, traders should be able to find a combination of elements that reduce the probability More...

Our expectation for this week is the GBP/USD to extend its fall and test the 1.6550 resistance.
By ProfitEase.com On Sunday, August 17th, 2014
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GBP/USD – Weekly Technical Analysis (18.08.2014-22.08.2014)

The GBP/USD is continuing its free fall from 1.7190. The test of the 1.6690 crucial support zone failed to bring a meaningful recovery for the pair. The latter instead slid down to test the 200-day Moving Average More...

The range in the EUR/USD is getting tighter, as market players await an upside or downside breach to determine the pair’s short term direction.
By ProfitEase.com On Thursday, August 14th, 2014
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The EUR/USD triangle: watch out for the direction of the breakout!

The range in the EUR/USD is getting tighter, as market players await an upside or downside breach to determine the pair’s short-term direction. Triangles are generally considered to work much better in longer More...

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