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Tag archive for ‘correction’
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 USD/JPY correction will extend further. Next target is 117.20; a breach there will send the pair to the 115.40 support. Initial resistance is 119.14.
By ProfitEase.com On Thursday, December 11th, 2014
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USD/JPY – Technical Analysis (11.12.2014)

The possible pullback in the USD/JPY that we mentioned in our last technical analysis materialised. The correction has the potential to extend further given the drastic rise in the forex pair recently. Next target More...

Next target for the EUR/USD is 1.2530. Success there will expose 1.26, which should put a cap to any further upside attempts. Initial support is 1.2350.
By ProfitEase.com On Thursday, December 11th, 2014
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EUR/USD – Technical Analysis (11.12.2014)

After touching more than a two-year low on Monday, the EUR/USD entered into a correction. Although the latter has some more room to unfold, we do not expect to witness sustained euro strength. Next target for the 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...

The short-term outlook for the GBP/USD is positive above the 1.5585 support. The corrective movement will send the pair to the 1.5624-1.5635 resistance zone
By ProfitEase.com On Friday, December 5th, 2014
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GBP/USD – Technical Analysis (05.12.2014)

The short-term outlook for the GBP/USD is positive above the 1.5585 support. We expect the corrective movement to send the pair to the 1.5624-1.5635 resistance zone, where the upside should be capped and the downtrend 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...

We consider the EUR/USD bounce corrective in nature, preceding a slide to 1.2356, en route to the crucial 1.2288 support.
By ProfitEase.com On Thursday, November 27th, 2014
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EUR/USD – Technical Analysis (27.11.2014)

The EUR/USD is currently testing 1.2500, and a potential break through the level will send the pair to the key 1.2570-1.2600 resistance zone. We consider the EUR/USD bounce corrective in nature, preceding a slide More...

We expect more EUR/USD weakness: next target is 1.2581, en route to the key support at 1.25. Immediate support can be spotted at 1.2682
By ProfitEase.com On Thursday, October 30th, 2014
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EUR/USD – Technical Analysis (30.10.2014)

  The EUR/USD selloff yesterday resulted in a breach of the diagonal support connecting the lows from 23 October, and the pair made its daily close at 1.2636. This marks the end of the protracted correction More...

Next target for the USD/JPY is 108.50, followed by 109.45. Crucial support lies at 107.38, so above that level the bias will remain markedly bullish.
By ProfitEase.com On Wednesday, October 29th, 2014
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USD/JPY – Technical Analysis (29.10.2014)

The strong bounce from 105.20 is absolutely intact indicating that the USD/JPY rapid slide from 110.06 was a mere correction, rather than a game changer. Next target for the forex pair is 108.50, followed by the More...

Next target for the EUR/USD is 1.2840, followed by the key 1.2885. Crucial support for the continuation of the corrective movement is the 1.2680 support.
By ProfitEase.com On Wednesday, October 29th, 2014
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EUR/USD – Technical Analysis (29.10.2014)

As forecasted yesterday, the EUR/USD tested the 1.2740 resistance and is currently consolidating around that level. Next target is 1.2840, followed by the key 1.2885. Crucial support for the continuation of the More...

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