US OIL breaks major trendline resistance, jump till $38.55/$39.30 is possible
Apr 06, 2016 09:23 am UTC| Technicals
Major resistance - $36.40 (trend line joining $39.82 and $39.01) Major support - $36 (55 day EMA) US Oil has broken major resistance $36.40 and jumped till $37.05 at the time of writing .It is currently trading...
FxWirePro: EUR/SEK hovers around 9.25, good to sell on rallies
Apr 06, 2016 08:22 am UTC| Technicals
EUR/SEK is currently trading around 9.2502 levels. It made intraday high at 9.2560 and low at 9.2371 levels. Pair fails to break key resistance at 9.2718 and supported below 9.2500 marks. Intraday bias...
FxWirePro: Gold forms bearish Bat Pattern, good to sell on rallies
Apr 06, 2016 07:57 am UTC| Technicals
Harmonic Pattern Formed Bearish Bat Pattern Potential Reversal Zone (PRZ) - $1240 The yellow metal has recovered till $1236.60 after making a low of $1214.84. Gold struggles to trade above $1240 and selling...
FxWirePro: USD/CAD faces strong support around 1.3100, good to buy at dips
Apr 06, 2016 07:35 am UTC| Technicals
Major Intraday support -1.3100 (trend line joining 1.2857 and 1.30024) The pair has retreated after making a high of 1.32186. It is currently trading around 1.31469. Intraday trend is slightly bullish as long as...
Apr 06, 2016 07:18 am UTC| Technicals
The Reserve Bank of Indias (RBI) governor Raguram Rajan announces 25bps rate cut on Tuesday which has been in line with streets expectations, but a bigger surprise was the host of liquidity-supportive measures. The...
FxWirePro: Are you still bearish on NZD/JPY - add defensive call for hedging on HY vols
Apr 06, 2016 06:57 am UTC| Technicals
1W ATM IVs of the pair is at 15.62% and 15.51% for 1M tenor. Glance the eyes on sensitivity table for probability numbers for OTM striking call in 1 weeks tenors. You could also observe the attractive %change in...
FxWirePro: GBP/JPY forms Bullish Bat Pattern, good to buy at dips
Apr 06, 2016 06:25 am UTC| Technicals
Harmonic Pattern Formed- Bullish Bat Pattern Potential Reversal Zone (PRZ) -155 The pair has slightly recovered after making a low of 155.72. It is currently trading around 156.06. Short term trend is...
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