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USD/CAD Trade Idea

Sep 26, 2016 12:27 pm UTC| Technicals

Major resistance- 1.3260 (Jul 27th high). Major support 1.3000 Loonie has made a temporary bottom around 1.3000 and started to increase sharply from that level .It is currently trading around 1.31985. Short...

FxWirePro: GBP/USD upside capped by 5- day MA, good to sell on rallies

Sep 26, 2016 10:49 am UTC| Technicals

Major resistance- 1.2998 (5- day MA). Major intraday support 1.2900. Cable has recovered sharply from the low of 1.2149 made on Friday. It is currently trading around 1.29388. On the higher side, major...

FxWirePro: USD/CAD faces strong support at 10- day MA, good to buy on dips

Sep 26, 2016 09:59 am UTC| Technicals

Major resistance- 1.3260 (Jul 27th high). Major support 1.3000. Loonie has made a temporary bottom around 1.3000 and started to increase sharply from that level .It is currently trading around...

FxWirePro: EUR/GBP extends upside after upbeat German IFO business climate data, good to long dips

Sep 26, 2016 09:01 am UTC| Technicals

The single currency buoyed after upbeat German IFO business climate index for the month of September. German IFO business climate for September stood at 109.5, which was better than 106.3 expected and 106.2 recorded...

FxWirePro: USD/CNY stable at 6.67 mark, PBOC sets yuan mid-point at 6.6744

Sep 26, 2016 08:38 am UTC| Technicals

USD/CNY is currently trading around 6.6707 marks. It made intraday high at 6.6733 and low at 6.6688 levels. Intraday bias remains bullish till the time pair holds key support at 6.6630 marks. On the top...

DAX30 trades well above daily Kijun-Sen, decline till 10365/10200 likely

Sep 26, 2016 08:02 am UTC| Technicals

Major resistance 10806 (Aug 15th 2016 high). Major support 10510 (daily Tenkan-Sen). The index has once again after making a high of 10707 on Sep 22nd 2016. It is currently trading around 10467. DAX30 has...

FX Hedging Strategy Series

FxWirePro: EUR/JPY shooting star appearance at stiff resistance signals inverted saucer extension – Mid-month futures contracts for both speculation and hedging

Sep 26, 2016 07:31 am UTC| Technicals

This pair is bearish bias for the day as the last weeks bull swings seem to have given up the last weeks momentum when the pair tested resistance at 113.501 levels, while the prices on monthly chart consistently rejected...

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