what does resistance and support mean in forex

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Forex: GBP/USD: The Pound rises above 1.4800

FXstreet.com (Barcelona) ? The Pound has broken resistance level at 1.4810 during Thursday?s Asian session, and recovery from Tuesday low at 1.45145 has reached to 1.4850 high. At the moment the Pound trades around 1.4835 with resistance level at 1.4850 on sight, in case of climbing above here, next resistance comes at 1.4944 and 1.5000. On the downside immediate support lies at 1.4810 and below here, 1.4737 and 1.4675/90.GBP/JPY recovery from 139.00 low on Tuesday has reached an intra-week high

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Forex: GBP/USD: Pound dropped to test 1.5835 intra-week low

FXstreet.com (Barcelona) - The Pound has lost about 100 pips ahead of the European session opening. Rejected at 1.5945 resistance, the Sterling has fallen to test support at intra-week low at 1.5835 which so far remains unbroken. At the moment, the Pound trades right above 1.5850.Immediate support lies at 1.5835 (may 25 low) and below there, next resistances are 1.5755 (May 2 low) and 1.5730. On the upside, next resistance lies at 1.5945, and above there, at 1.6000 and a.6050

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USD/JPY breaks Downtrend

FXstreet.com (Jakarta) - The USD/JPY rose for a second day and broke the short-run downtrend. There is important resistance in the 99 area. If this is broken, the uptrend will resume. ?However, if the resistance holds, the USD/JPY may develop a head-and-shoulder formation with bearish short-term implications,? said Hans Nilsson, analyst at CMS Forex. There is support in the 97 area.For more information, read our latest forex news.

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Forex: EUR/USD: Euro, consolidation above 1.3550, forming a triangle pattern

FXstreet.com (Barcelona) ? The Euro, which has been consolidating between 1.3550 and 1.3585 during Thursday?s Asian session, is shaping a triangle pattern on the hour5ly charts, according to Tim Salem, collaborator at FXstreet.com.Salem affirms that the Euro is trading into an ever-narrowing pattern off 1.3532 daily dynamic support: ?Hourly Consolidation continues as Price now attempts to Breach an Hourly Symmetrical Triangle/Wedge Formation coming off of 1.3532 Daily Dynamic Support. Upside Directionality sees 1.3569 Static Support followed by the 1.3589 Hourly

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Cassure ou baisse (Weinstein)

Le signal déterminant de confirmation de Phase 3 et de passage en Phase 4 sera, bien sûr la cassure par le bas de la zone de support dessinée en Phase 3. Contrairement à la cassure de résistance, cette pénétration n'a pas besoin d'une confirmation par un gonflement des volumes. Le pull back, toujours possible, sera moins fréquent que pour une sortie de Phase 1. Il ne faut pas l'attendre pour sortir de la valeur.

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Forex: USD/CHF rises above 1.1100 and test 1.1120 resistance

Fxstreet.com (Barcelona) - After finding support again in the 1.1070 level (coming from its 50 pips decline), the USD/CHF has risen around 50 pips to trade above 1.1100 level and test the 1.1120 resistance level again. Currently the pair is trading around 1.1095/1.1105, 0.10% below its today's opening price.During today's session, the pair has been traded in a small range between 1.1070 and 1.1120.Yesterday, the Greenback won 0.80% against the Swissy, opening the day at 1.1030 to close at 1.1115.

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Tactique de suivi d'une position d'achat après break out de phase 1

Une consolidation de phase 2 a mis plusieurs semaines à se développer Au moment de la cassure de la ligne de résistance, nous pouvons remarquer un fort accroissement des volumes par rapport aux deux semaines précédant cette cassure, Ces volumes ont poursuivi leur dynamique de croissance pendant les mois suivants, à l'exception d'un pull back sur la droite de résistance (devenu droite de support), dans les trois cas immédiatement après le break out qui s'e effectué comme attendu sur des volumes à la baisse.

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Forex: EUR/USD breaks above 1.2950 after better than expectec ZEW survey

FXstreet.com (Barcelona) ? The Euro has broken above the range it has been trading for the last hours. Rebound on 1.2900 support level has extended above 1.2950 after German Zew Institute released a far better then expected economic expectations index in Germany, and The Euro rocketed to 1.2990/1.30 resistance level.In case of breaking above 1.2990/1.3000, next resistance level could lie at 1.3020, and above here, probably 1.3070. On the downside, back below 1.2950, the Euro could find support at intra-day

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