GBP/JPY struggles to close above 200 day 4HMA, decline till 184.30 is possible
Nov 27, 2015 06:03 am UTC| Technicals
Minor intraday support -184.97 Any break below 184.97 will drag the pair slightly down till 184.60/184.30. Overall trend reversal level 184.30 and below that it can reach till 183.80/183.40. On the higher...
FxWirePro: USD/JPY upside capped at 122.73, good to sell rallies
Nov 27, 2015 05:40 am UTC| Technicals
USD/JPY edged slightly higher on the back of the mixed Japanese, but traders may be reluctant to create large positions into the closing day in liquidity thinned markets Todays data calls for more easing from BoJ....
FxWirePro: AUD/USD price action dips back into cloud, falls till 0.7176 likely
Nov 27, 2015 04:07 am UTC| Technicals
Markets are banking on a Fed hike for the first time in almost a decade, while the RBA is expected to remain on hold and unlikely to make any adjustments to their outlook until at least February of next year - this exposes...
GBP/CAD faces strong support around 2, good to buy at dips
Nov 27, 2015 03:48 am UTC| Technicals
Major trend reversal - 2 The pair has taken support near 2 level and slightly recovered from that level. It is currently trading at 2. trend is still bullish as long as support 2 holds. On the higher side major...
EM Asia FX: Underperformance trend remains incomplete
Nov 27, 2015 00:37 am UTC| Commentary Technicals
The trends have extended into a number of critical levels, and the September/October reversals have caused some concern that the medium term trends are vulnerable, corrective retracements as selling opportunities against...
FxWirePro: Dubious on USD/SGD’s uptrend? Then delta hedge ATM calls on puzzling swings
Nov 26, 2015 14:43 pm UTC| Technicals
We dont think any weakness is disrupting ongoing USD/SGDs uptrend. Instead, the prevailing uptrend for USD/SGD seems to be corrected in short term (heading towards 23.6% Fibonacci retracement) But our convictions...
FxWirePro: Gold seems vulnerable in global economic cycle - Stay Hedged with Option Strips
Nov 26, 2015 12:57 pm UTC| Technicals
Fundamental glimpse: For us, global economy looks seems under recessionary cycle as all asset classes have been struggling coupled with some other macroeconomic indicators, as a result golds tumble has also been...
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