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Currency Trading Pips Article

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Currency Trading Pips Specific links

Currency Trading Pips News

Currency Crosses: Technical Outlook 09-08

The euro is weak across the board. In fact, the EURAUD is trading at a 19 year low and an objective is 1300 pips lower.

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Forex: EUR/JPY hits resistance near 107.00

FXstreet.com (Barcelona) - The Euro common currency received a boost on opening bell, with the EUR/JPY climbing some 40 pips from its last consolidated state near 106.60. The pair finally hit firm resistance however at a new intraday high just above 107.00, and has subsequently settled modestly lower ever since.

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Forex: GBP/USD upmove halts at 1.5465

FXstreet.com (Barcelona) - The Pound remains trading within yesterday's trade as upside reaction from session low at 1.5365 has been capped at 1.5465 high, 10 pips short of yesterday's high, and the pair has eased towards 1.5445 area.

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USD/CAD: Trading the Change in Canadian Employment

The Canadian dollar is likely to face increased volatility over the next 24 hours of trade as market participants expect to see a rebound in employment.

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Forex: EUR/USD rebound stalls at 1.2745 high

FXstreet.com (Barcelona) - Euro strong recovery from 1.2645 low seen on early European session has been capped about 100 pips higher, at 1.2745 session high, and the pair has lost strength easing to 1.2715 area at the moment of writing.

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Eur/Jpy

The EUR/JPY sits less than 100 pips from a new 9-year low.

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Canadian Dollar Testing Fibonacci Level

480 Minute Bars Prepared by Jamie Saettele The USDCAD continues to respect its summer range. The June, July, and August highs all occurred within several pips of 10680. A close look at the USDCAD rally from 10105 reveals that the advance is an impulse (5 waves), therefore the larger trend is up. The pair is testing the 61.8% level now, which ideally provides support. DailyFX provides forex news ...

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USD/JPY Consolidation Creates Ideal Scalping Environment

The USD/JPY continues to see increasing consolidation as the pair is at multi-decade lows, raising concerns that the BoJ may look to intervene. The Yen’s strength has made Japanese goods less attractive which has fueled speculation that the central bank may take measures to weaken the Asian currency.

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Japanese Yen: Watch the Channel

Daily Bars Prepared by Jamie Saettele The USDJPY has broken to a new low and focus remains on the all time low just below 8000 (1995 low). A multi month channel defines the near term trend but RSI divergence on the daily (multiple times over the past several months) warns (not confirms) of a reversal. The channel levels are 8513 and 8258 today and decrease 10 pips per day. DailyFX provides forex ...

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USDJPY Trading Opportunities

P otential exists for a USDJPY reversal and strength up towards 8800-9000 before the longer term downtrend resumes.

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