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Tag archive for ‘correction’
The protracted consolidation above 1.2600 signals that the correction is not over. We expect the EUR/USD to head to the 1.2740 resistance en route to 1.2838
By ProfitEase.com On Tuesday, October 28th, 2014
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EUR/USD – Technical Analysis (28.10.2014)

The EUR/USD slide was stopped at 1.2612 on Friday. The protracted consolidation above the 1.2600 support signals that the correction phase for the pair is not over yet. We expect the EUR/USD to head to the 1.2740 More...

Next target for the forex pair is the resistance at 109.45. Crucial support on the downside is 106.80, so above that level the bias will remain bullish.
By ProfitEase.com On Sunday, October 26th, 2014
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USD/JPY – Technical Analysis (27.10.2014)

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 the resistance at 109.45. More...

The unsuccessful attempt on the 1.6000 support signals that the GBP/USD correction has not finished. The pair is expected to test the 1.6182 resistance.
By ProfitEase.com On Sunday, October 26th, 2014
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GBP/USD – Technical Analysis (27.10.2014)

The unsuccessful attempt on the 1.6000 support and the weekly close above 1.6060 signal that the GBP/USD correction phase has not finished yet. The pair is expected to make an upside move to the 1.6182 resistance. More...

The protracted consolidation above the 1.2600 support signals that the correction for EUR/USD is not over. We expect the pair to test the 1.2740 resistance.
By ProfitEase.com On Sunday, October 26th, 2014
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EUR/USD – Technical Analysis (27.10.2014)

The EUR/USD slide was stopped at 1.2612 on Friday. The protracted consolidation above the 1.2600 support signals that the correction phase for the pair is not over yet. We expect the EUR/USD to head to the 1.2740 More...

At this stage, we favor a continuation of the GBP/USD downtrend, which will target 1.5950. Immediate support is offered by 1.6000.
By ProfitEase.com On Friday, October 24th, 2014
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GBP/USD – Technical Analysis (24.10.2014)

The GBP/USD upside correction lost steam at 1.6182 several days ago, and the bias turned back to negative. At this stage we favor a continuation of the downtrend, which will target 1.5950. Immediate support is More...

After the bounce from 1.2640, the EUR/USD is stuck in a range between 1.2700 and 1.2840. The correction will extend to the 1.2980-1.3000 resistance area.
By ProfitEase.com On Saturday, October 18th, 2014
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EUR/USD – Technical Analysis (20.10.2014)

After the strong bounce from 1.2640, the EUR/USD is stuck in a range between 1.2700 and 1.2840. We anticipate the correction to extend to the 1.2980-1.3000 resistance area, where the upside should be contained. Crucial More...

The corrective movement is targeting the 1.6250 key resistance level. The latter is expected to cap the upside and the longer term downtrend to be continued.
By ProfitEase.com On Friday, October 17th, 2014
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GBP/USD – Technical Analysis (17.10.2014)

  The GBP/USD is recovering after hitting a 1.5874 low on Wednesday. The upside, however, looks limited. The corrective movement is targeting the 1.6250 key resistance level. The latter is expected to cap the More...

Short-covering will continue carrying EUR/USD higher. A reversal of the corrective movement should be looked for around the 1.30 psychological resistance.
By ProfitEase.com On Friday, October 17th, 2014
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EUR/USD – Technical Analysis (17.10.2014)

The EUR/USD correction extended further to a high of 1.2885 on Wednesday. Our anticipation is that short-covering will continue carrying the pair higher. It should be kept in mind, however, that the longer term More...

Although another test of the 1.6225 resistance is in the cards, we favor the GBP/USD bearishness to result in a slide towards the 1.5950 support.
By ProfitEase.com On Tuesday, October 14th, 2014
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GBP/USD – Technical Analysis (14.10.2014)

The break through 1.6130 signals that the GBP/USD correction is running out of steam. Although another test of the 1.6225 resistance is in the cards, we favor the GBP/USD bearishness to result in a slide towards More...

The EUR/USD correction is set to continue after the fall from 1.2790 was stopped at 1.26 last week. Next target to the upside is 1.2817.
By ProfitEase.com On Tuesday, October 14th, 2014
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EUR/USD – Technical Analysis (14.10.2014)

The EUR/USD correction is set to continue after the fall from 1.2790 was stopped at 1.26 last week. Next target to the upside is the 1.2817 resistance level. The crucial support is located at 1.2650.  More...

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