FTSE100 breaks major resistance at 5805, targets 6000
Jan 22, 2016 07:41 am UTC| Technicals
Major Resistance - 5805 (daily Ten ken-sen) The index has broken major resistance 5805 and jumped till 5860 at the time of writing. It is currently trading around 5858. Any break above 5805 confirms minor trend...
Euro falls gradually against US dollar, Draghi speech in focus
Jan 22, 2016 07:18 am UTC| Technicals
Pair falls steadily against US counterpart after ECB stands pat on policy statement. ECB kept deposit rate at -0.3% and the main refinancing rate at 0.05%. Intraday bias remains weak; expected trading range will...
FxWirePro: Employ GBP/JPY ATM shorts on higher IV in backspreads
Jan 22, 2016 07:14 am UTC| Technicals
Higher implied volatility ATM options cost more. This is intuitive due to the higher likelihood of the market swinging in your favour. You should also note short-dated options are less sensitive to IV, while long-dated are...
DAX breaks major resistance around 9720, targets 10000
Jan 22, 2016 07:09 am UTC| Technicals
Major short term resistance -9720 (Daily Tenken-Sen) The index has broken major resistance 9720 which confirms minor bullishness, a jump till 10000/10165 is possible. Any minor weakness can be seen only below...
FxWirePro:BTC/USD faces resistance around 20 DMA, good to buy at dips
Jan 22, 2016 06:51 am UTC| Technicals
Major resistance -$423 (20 day DMA) BTC/USD has retreated after making a high of 422 . It is currently trading around $397. Short term trend is bullish as long as support $370 holds. On the lower side any break below...
FxWirePro: Respite for GBP/JPY bulls in short term – long term still bear trend remains intact
Jan 22, 2016 06:36 am UTC| Technicals
The hammer pattern candlestick is formed at the bottom of downtrend at around 165.927 ondaily chart, this can be attributed as a relief for bulls in short term targets upto 169.194. In addition to that, weve converging...
Jan 22, 2016 06:08 am UTC| Technicals
USD/MXN edges slightly lower from all-time highs at 18.80 hit on Thursday, oil prices saw a solid recovery overnight, supporting the Mexican Peso. Oil prices did not falter despite U.S. inventories data showing a...
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