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Crude Resistance from 108.50-110.40

Crude Resistance from 108.50-110.40
Daily Bars Prepared by Jamie Saettele Crude has plummeted but found support from its 20 day average and support line extended off of the February and March lows. The decline from the top can be counted as an impulse so expect a corrective advance into the 108.50-110.40 (Fibonacci) zone prior to a drop below 105.47. DailyFX provides forex news on the economic reports and political events that …

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Short GBPUSD from 1.6100, stop above 1.6200

View full post on DailyFX – Analyst Picks – Today’s Picks

Take Profits on Long EURGBP From 0.8496

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GBPUSD: Bulls Retreat from 1.60 Figure

View full post on DailyFX – Technical Analysis – Candlesticks

GBP/USD Technicals Diverging From Fundamental Risks

The GBP/USD has been under immense pressure as the U.K. exposure to the crisis in Ireland has sunk the Sterling. Meanwhile, the problems in Europe combined with an act of aggression from North Korea against their southern half sparked a broader flight to safety which favored the greenback.

View full post on DailyFX – Analyst Picks – Today’s Picks

Ruble Strengthens from One-Month Low as Weakening, Crude Oil Lures Traders

Ruble Strengthens from One-Month Low as Weakening, Crude Oil Lures Traders
The ruble rebounded from its weakest level in almost a month against the dollar as rising oil prices spurred traders to buy the currency at cheaper levels.

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User Improved Experience by [ Art Of Failure ] for Forex Day Trading WassUp 1.7.2.1 timestamp: 2012-05-22 09:14:58PM UTC (04:14PM)
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