FxWirePro: GBP/CAD forms bearish Bat Pattern, good to sell on rallies
Jan 18, 2016 10:47 am UTC| Technicals
Harmonic Pattern- Bearish BAT Pattern Potential Reversal Zone (PRZ) -2.0950 GBP/CAD has made a high of 2.0920 and started to decline from that level. Overall trend is weak as long as resistance 2.0950...
Jan 18, 2016 10:38 am UTC| Technicals
We reckon EUR/USD downtrend likely to move in narrow range based on following reasoning. When the observation on higher implied volatilities was coupled with weekly technical analysis, it triggers some sentiments for...
FxWirePro: FTSE100 faces strong resistance around 6000, good to sell on rallies
Jan 18, 2016 09:51 am UTC| Technicals
Major Support - 5700 The index has made a low of 5737 and started to recover from that level. It is currently trading around 5821. Short term trend is weak as long as resistance 6000 holds. Any break above...
FxWirePro: DAX faces strong support at 9300, good to buy at dips
Jan 18, 2016 07:56 am UTC| Technicals
Major support: 9300 (29th Sep low) DAX has made a low of 9410 and slightly recovered from that level. It is currently trading around 9562. Short term trend is slightly bullish as long as support 9300 holds. Any...
Jan 18, 2016 07:51 am UTC| Technicals
USD/RUB saw a gap up open today and has extended gains to hit fresh multi-month highs at 78.9450. Russian rouble is giving away further ground after crude oil prices have accelerated their downside today. Oil...
Jan 18, 2016 07:48 am UTC| Technicals
The landscape of EURUSD FX markets are constantly changing, particularly in relation with investment inflows: The keen observation is that EURUSD downtrend followed the moment when unhedged equity inflows into the EUR...
FxWirePro: Driving forces of NZD in 2016 – delta combinations serve long term hedging objectives
Jan 18, 2016 07:41 am UTC| Technicals Central Banks
Kiwi dollar should run down again on rate solidity from both sides as the Fed hikes and RBNZ eases another 50 bps (only 25 bps is priced). The material deterioration in current account deficit from -3.5% to -6% or -7%...
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