FxWirePro: Hedging Frameworks for risk averse in CAD/JPY on spiking IVs
Jan 20, 2016 13:23 pm UTC| Technicals
Butterfly Spreads (CADJPY): As stated in our earlier post, the time for Yen holding tight back again, all chances of Yen may look superior over Canadian dollar in medium term future but no dramatic differences in prices...
FxWirePro: US Dollar Index faces strong resistance around 100.50, good to sell on rallies
Jan 20, 2016 12:24 pm UTC| Technicals
Major support: 98.35 (55 day EMA) The index has made a low of 98.37 (15 th Jan 2016) and recovered from that level. It is currently trading around 99.05. Any break below 98.35 will drag the pair till...
Jan 20, 2016 11:04 am UTC| Technicals
The crystal clear convergence between price, volume and other indicators keeps the ongoing bearish trend even more healthier on charts with all time frames. Especially volume build ups have been mammoth on this downturn...
Jan 20, 2016 10:52 am UTC| Technicals
Major support -2.035 Major resistance - 2.094 GBP/CAD has made a low of 2.050 yesterday and started to recover from that level. It is currently trading around 2.06966. Short term trend is still weak as long...
FxWirePro: CAD seems to shrug off BoC policy, stay short in CAD/JPY via bear call spreads
Jan 20, 2016 10:01 am UTC| Technicals
The recent commodity price meltdown and especially the crudes struggle causing the reaction function of firms in the Canadian oil and gas sector proposes that business investment may be even more of a drag on 2016 growth...
S&P500 faces strong support at 1835, break below targets 1785
Jan 20, 2016 09:36 am UTC| Technicals
Major support -1835 (trend line joining 1818 and 1833) Short term resistance -1890 (7 day EMA) The index has broken minor support 1850 and declined till 1837 at the time of writing. It is currently trading around...
Call update - USD/JPY target hit, book partial profits, further downside likely
Jan 20, 2016 09:19 am UTC| Technicals
Our USD/JPY call (http://www.econotimes.com/FxWirePro-Yen-back-in-demand-good-to-sell-USD-JPY-rallies-around-11720-target-11660-146064) has achieved targets. We recommend booking partial profits, further downside likely,...
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