FxWirePro: RSI & stochastic oscillators leading EUR/USD extended dips upto 1.05
Nov 20, 2015 10:43 am UTC| Technicals
Euro has been collapsing from the peaks of May 2014 (almost more than 78.6% Fibonacci levels). Although some stability was seen from April15 but still there is no strength in recovery to reach at least 23.6% price gains...
GBP/AUD trades below trend line support, targets 2.0800
Nov 20, 2015 10:03 am UTC| Technicals
GBP/AUD breaks major trend line support 2.130 (trend line joining 2.0788 and 2.1130) and declined till 2.1166. It is trading at 2.1180. The pair is expected to decline till 2.0800 in short term. Technically...
FxWirePro: GBP/USD forms bullish cipher pattern, good to sell on rallies
Nov 20, 2015 09:22 am UTC| Technicals
Harmonic Pattern formed - Bullish Cypher pattern Potential Reversal Zone (PRZ) - 1.5370 (Trend line joining 1.5658 and 1.5506) Cable has made high of 1.5335 and retreated from that level. Overall trend is still...
FxWirePro: Use EUR/USD vega binary puts to trade on HY vols
Nov 20, 2015 09:13 am UTC| Technicals
As you can see from the nutshell showing implied volatilities of ATM contracts (EURUSD of next months expiries show 11.75% which is the highest among G20 majors). We recommend on speculation basis buying one touch vega...
Nov 20, 2015 09:00 am UTC| Technicals
USD has been waiting for December month very curiously, we reckon dollar is most likely to be supported next week after FOMC minutes optimistic readiness of the board to begin the monetary normalization cycle as soon as...
Nov 20, 2015 08:10 am UTC| Technicals
EUR/JPY is steaming up with heaps of bearish indications, such as spinning top and Doji patterns on both daily and monthly charts. The daily prices have slipped below 10DMA but currently attempting to test resistance at...
FxWirePro: EUR/USD faces strong support at 1.0660, good to buy at dips
Nov 20, 2015 07:53 am UTC| Technicals
Potential Reversal Zone (PRZ)-1.0660 EUR/USD has recovered till 1.07629 and started to retreat from that level. It is currently trading at 1.07033. The pairs minor support is around 1.0700 and break below...
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