FxWirePro: FTSE100 faces strong resistance around 6000, good to sell on rallies
Jan 25, 2016 09:38 am UTC| Technicals
The index has made a high of 5953 and retreated from that level. It is currently trading around 5874 . Short term trend is slightly weak as long as resistance 6000 holds. The major resistance is around 6000 and...
Jan 25, 2016 09:01 am UTC| Technicals
We can figure out the neutral delta risk reversals for GBPUSD and USDCHF for 1w expiries with sluggish implied volatilities. While conducting technical analysis also we found narrow range trend for USDCHF but slightly...
Jan 25, 2016 08:35 am UTC| Technicals
Although, both on daily and weekly price patterns of the pair tested supports at channel base line at around 126.416 (last weeks lows) to form a bottom but on again weakness is seen in this pair when it has rejected...
FxWirePro: GBP/USD faces strong resistance around 1.4365, good to sell on rallies
Jan 25, 2016 08:09 am UTC| Technicals
Cable has made a high of 1.43626 and started to decline from that level. It is currently trading at 1.42750. Short term trend is weak as long as resistance 1.4365 holds. Any break above 1.4365 will take the till...
FxWirePro: DAX faces major support at 9540, good to buy at dips
Jan 25, 2016 07:38 am UTC| Technicals
The index has broken major resistance 9720 and jumped till is currently trading around 9819. Any minor weakness can be seen only below 9560 and any break below 9540 will drag the index down till 9420/9300. The...
FxWirePro: Hedging and speculating NZD/USD downside risks via calendar combinations
Jan 25, 2016 07:21 am UTC| Technicals
NZDUSD has formed a double top pattern on daily charts with peak 1 at 0.6897 and peak 2 at 0.6883. Although this pair has tested supports near neckline of double top at 0.6428, we could foresee more bearish pressure in...
FxWirePro:BTC/USD faces support around $370, good to buy at dips
Jan 25, 2016 06:55 am UTC| Technicals Digital Currency
BTC/USD has retreated till $374 after making a high of $422.98. It is currently trading around $396. Short term trend is bullish as long as support $370 holds. On the lower side any break below $370 will drag the...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects