FxWirePro: USD/JPY downtrend loses steam but outlook still bearish
Jan 20, 2016 19:23 pm UTC| Technicals
USD/JPY declined in the earlier session towards 122.70 levels. However, the pair has recovered to trade around 116.72 levels in the late US session. Currently the currency pair is trying consolidating around 116.67 levels...
FxWirePro: GBP/USD finds resistance at 1.4219 levels, good to sell on rallies
Jan 20, 2016 17:21 pm UTC| Technicals
GBP/USD recovered some ground on Wednesday, as the pair rebounded from seven year lows after data showed the British unemployment dropped to lowest in a decade. The pair rebounded in quick succession after the data was...
FxWirePro: USD/CAD maintains bullish bias with focus on 1.4700 levels
Jan 20, 2016 15:55 pm UTC| Technicals
Canadian dollar has gathered some momentum against US dollar after Bank of Canada left its interest rate unchanged at 0.50 %.The market has discounted a rate cut, however Central Bank opined for patience because of...
FxWirePro: EUR/USD key resistance at 1.0980, downside prevails in the short term
Jan 20, 2016 14:17 pm UTC| Technicals
The Euro inched higher against dollar in early European session after demand for low yielding currencies like euro increased as the risk sentiment increased in the market. However, uptrend was short lived as the pair...
FxWirePro: Hedging Frameworks for risk averse in CAD/JPY on spiking IVs
Jan 20, 2016 13:23 pm UTC| Technicals
Butterfly Spreads (CADJPY): As stated in our earlier post, the time for Yen holding tight back again, all chances of Yen may look superior over Canadian dollar in medium term future but no dramatic differences in prices...
FxWirePro: US Dollar Index faces strong resistance around 100.50, good to sell on rallies
Jan 20, 2016 12:24 pm UTC| Technicals
Major support: 98.35 (55 day EMA) The index has made a low of 98.37 (15 th Jan 2016) and recovered from that level. It is currently trading around 99.05. Any break below 98.35 will drag the pair till...
Jan 20, 2016 11:04 am UTC| Technicals
The crystal clear convergence between price, volume and other indicators keeps the ongoing bearish trend even more healthier on charts with all time frames. Especially volume build ups have been mammoth on this downturn...
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