FxWirePro: Yen restraining CAD’s gains – mitigate FX risk through long put butterfly spreads
Dec 08, 2015 06:02 am UTC| Technicals
Japan reported +0.3% a sharp jump from previous -0.2%, while the BoJ remains to pursue the most aggressive easing policy among the major central banks, but it is arguably not getting enough bang for its buck. We review...
BTC/USD faces strong resistance around $400, further bullishness only above that level
Dec 08, 2015 05:58 am UTC| Technicals
The pair has made a high of $399.91 yesterday and slightly declined till $389 from that level. Intraday trend is bullish as long as support $378 holds. The pair major intraday support is around $378 and break below...
FxWirePro: AUD/USD breaks minor support at 0.7256, drop till 0.7170 likely
Dec 08, 2015 05:23 am UTC| Technicals
Poor China trade data keeps the Aussie pressurized. AUD/USD fell to session lows at 0.7222 and shows room for further depreciation. Also, the recent sell-off in commodities with oil prices at multi-year lows and a broadly...
S&P500 faces major support 2060, break below targets 2000/1880
Dec 08, 2015 03:30 am UTC| Technicals
Major support -2060 (Trend line joining 1870 and 2003) SP 500 has made a high of 2096 yesterday and started to retreat from that level. Overall trend is still weak as long as resistance 2108 holds. On the lower side...
Golds forms bullish Cypher pattern, good to sell on rallies
Dec 08, 2015 02:39 am UTC| Technicals
Harmonic Pattern formed - Bearish Cypher pattern Potential Reversal Zone (PRZ) - $1100 The commodity has recovered from the low of $1046 till $1088 level. Overall trend is still weak as long as resistance $1100...
FxWirePro: EUR/USD key support at 1.0800, good to buy at dips
Dec 07, 2015 19:22 pm UTC| Technicals
The EUR/USD has slipped lower towards 1.07961 levels, after sellers stepped. The pair is currently trading around 1.08350 and a slight pullback towards 1.0900 levels can be expected sooner or later. The ongoing bearish...
FxWirePro: USD/CAD key support at 1.3432, bullish in the short term
Dec 07, 2015 15:37 pm UTC| Technicals
USD/CAD pair has begun the week advancing higher from Fridays close to hit high around 1.3433 levels after Crude oil prices declined to 11years low.The ongoing upside is set to continue as the pair has broken strong...
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