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Technical Analysis

Technical Analysis: USD/JPY 2012.05.14


  The pair is still trading above the 100-Day SMA, so we look for a rebound towards the 50-Day SMA by 81.50, with a break and consolidation above to confirm the uptrend towards the 84.00 level or higher ahead of the 85.50 resistance. Meanwhile, a clear break b

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Technical Analysis: GBP/USD 2012.05.14


  The pair is in a corrective mode, aiming for testing the 50-Day SMA by 1.5965. A daily close below this level would extend declines towards the 1.5810-1.5830 support area, right where the 200-Day SMA and the 100-Day SMA reside. However, should the pair hold

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Technical Analysis: EUR/USD 2012.05.14


  The pair is trading below 1.3000, so the risks are on the downside, and we look for further declines towards the 1.2625 low. Only a break back above 1.3000 could trigger a rebound towards the 1.3110-1.3150 resistance area, right where the 100-Day SMA and the

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EURUSD – Daily Technical Outlook 2012.05.14


On Monday EUR continued its losing streak against USD as Greece continues to struggle in forming a government and European officials have now begun to weigh the prospect of Greece exit from the Euro-zone. As is visible on daily charts, EUR broke below the l

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AUDUSD – Daily Technical Outlook 2012.05.11


On Thursday, AUD traded with strength against USD, for most of the day, driven by positive economic data of Australian jobless rate falling to 4.9% from 5.2% in March. Yesterday’s strength on AUD against USD was backed by positive economic data and te

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