FxWirePro: USD/CAD dips towards lower range, bearish bias increases
Jan 21, 2016 15:56 pm UTC| Technicals
USD/CAD declined sharply in the US session to hit low at 1.4326 levels after failing to break resistance level located at 1.4444. The oil correlated-Canadian dollar has gained some ground against US dollar after oil prices...
Jan 21, 2016 15:45 pm UTC| Technicals
The pair is likely to perceive implied volatility close to 14.5% of 1W ATM contracts which is highest among G20 currency space, this that has increased from last weeks 8.25%. While risk reversals still indicate expensive...
FxWirePro: USD/JPY consolidating around 117.15 levels, bias is bearish
Jan 21, 2016 15:29 pm UTC| Technicals
USD/JPY has rebounded strongly after hitting minor support level at 116.45 and is bouncing to test resistance level at 117.27, the resistance level located 117.67 set to hold the bull from advancing further and push the...
FxWirePro: USD/CHF key support at 0.9990, bullish in the short term
Jan 21, 2016 14:58 pm UTC| Technicals
The USD/CHF rebounded sharply from 1.0055 levels, erasing the earlier losses, after ECB Press conference. ECB president Mario Draghi said, ECB will review its monetary policy due to financial turmoil around the world,...
Jan 21, 2016 13:28 pm UTC| Technicals
USD/CAD uptrend is constrained by hanging man formation at peaks of 1.4577. While, leading oscillators indicates overbought pressures, the pair on EOD chart seems to evidence some short term dips upon these indications...
FxWirePro: GBP/AUD consolidating around 2.04 levels, 5-DMA caps upside
Jan 21, 2016 12:17 pm UTC| Technicals
GBP/AUD has been trading a falling channel since August, 2.0940 is strong resistance, daily cloud also weighs on the topside. Our short call...
FxWirePro: GBP/USD faces strong intraday resistance around 1.4200, good to sell on rallies
Jan 21, 2016 12:13 pm UTC| Technicals
GBP/USD has jumped till 1.41949 in the morning and started to decline from that level. It is currently trading around 1.4123. Intraday trend is still weak as long as resistance 1.4200 holds. Any break above...
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