FxWirePro: GBP/USD key resistance level at 1.5182, bearish in the short term
Nov 25, 2015 14:55 pm UTC| Technicals
GBP/USD has gained some ground on dollar to trade around 1.5097 levels in the early US session after finding support at 1.5052 levels. The ongoing weakness is set to continue for this pair as the resistance level at...
FxWirePro: Stay long in USD/TRY via debit call spread on healthy uptrend
Nov 25, 2015 14:11 pm UTC| Technicals
On swing trading perspectives, we are recommending to buy 1M 1% in the money 0.68 delta calls and simultaneously short 1w (0.5%) out of the money call with positive theta, the combined delta value should be around...
FxWirePro: USD/JPY key support at 122.22, buy deal are recommended around 122.40
Nov 25, 2015 13:59 pm UTC| Technicals
The USD/JPY pair initially slipped towards 122.20 levels during Asian session, however the pair after finding strong support at 122.24 rebounded strongly and is moving towards higher side. Currently the pair is trading...
Turkish Lira faces political and defensive pressures – USD/TRY uptrend seems to extend
Nov 25, 2015 13:43 pm UTC| Commentary Technicals
Again Turkish lira is going under mild pressure, overturning recent rallies, as a military confrontation evidenced Turkish forces shoot down a Russian fighter jet , which could potentially lead to diplomatic escalation...
FxWirePro: Cable forming falling wedge, breaks range bounded trend - dips up to 1.4975 more likely
Nov 25, 2015 13:11 pm UTC| Technicals
It has been spotted out that the process of falling wedge formation is underway (observe two trend lines). Break out of trend range: The pair has now been able to break the range bounded trend (1.5155 - 1.5830) and...
FxWirePro: Optimize Euro implied volatility via gamma spreads
Nov 25, 2015 11:47 am UTC| Technicals
The implied volatility of the ATM contracts of EURUSD is spiking highest among G7 currency pairs amid the speculation on monetary policy decision by Fed. We see 13.5% vols for ATM contracts with 1m expiry which is the...
Nov 25, 2015 11:14 am UTC| Technicals
Major support -2.078 (Oct 12th low) GBP/AUD has broken major support 2.0780 and confirms major trend reversal , a decline till 2.0500 (200 day MA)/2 is possible . Short term trend reversal can happen only above...
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