GBP/USD breaks above upward channel resistance, eyes 1.4400 levels
Jan 22, 2016 14:53 pm UTC| Technicals
GBP/USD made some gains on Friday as investors regained some risk appetite in the market called by halt in the oil slid. The pair shrugged of weak UK retail sales data which suffered its biggest year on year fall over six...
Jan 22, 2016 14:10 pm UTC| Technicals
Please be noted that there is disparity between IVs and ATM premiums that are trading almost 36% more than NPV (see diagram) where as IV is at 6.35%, so hedging with these at the money instruments seems to be highly...
Jan 22, 2016 12:54 pm UTC| Technicals
After this weeks dovish monetary policy decision from both central banks of euro area and Canada have brought in the more volatility (see diagram for ATM IVs of 18.79%). Yesterday ECB President Draghi faced a tough task...
S&P500 faces strong resistance at 1900, break above targets 1956
Jan 22, 2016 12:06 pm UTC| Technicals
Major resistance -1900 (55 day 4H EMA and cloud top) SP500 has made a high of 1898 and slightly retreated from that level. It is currently trading at 1893. Any break above 1900 will take the pair till...
Jan 22, 2016 11:43 am UTC| Technicals
Speculators can eye on short term downswings: We spotted out a shooting star (on daily charts) at peaks of 0.7673 which is bearish in nature. Weve been seeing slumps as a result from the highs of 0.7755, while...
FxWirePro: GBP/AUD forms bullish Gartley pattern, good to buy at dips
Jan 22, 2016 10:49 am UTC| Technicals
Harmonic pattern Formed - Bullish Gartley Pattern Potential Reversal Zone (PRZ) - 2.0170 The pair has declined till 2.0220 and slightly recovered from that level. It is currently trading around...
FxWirePro: EUR/CAD retreats from multi-year highs, scope for further downside, sell rallies
Jan 22, 2016 10:35 am UTC| Technicals
EUR/CAD is seen extending decline from multi-year highs at 1.6105 hit on Jan 20th, we see scope for further downside. Unexpected dovish tone at Draghis press conference on Thursday has opened the door to a...
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