FxWirePro: EUR/GBP rejected at lows, good to buy dips
Nov 16, 2015 07:31 am UTC| Technicals
Post Paris-terror attacks saw the common currency hit three-month low of 0.70227 pence against the Pound Sterling. The pair was rejected at lows, has edged above the trend-line support at 0.7040 and is currently...
FxWirePro: GBP/AUD trades in narrow range, good to sell on rallies
Nov 16, 2015 07:26 am UTC| Technicals
GBP/AUD made a low of 2.1240 yesterday and slightly recovered from that level. The pair is trading in narrow range and investor awaits UK inflation report hearings and CPI data for Oct which is to be released...
FxWirePro: EUR/JPY rebound lacks strength, could resume downside
Nov 16, 2015 07:07 am UTC| Technicals
The common currency fell to as low as 130.645 yen, its lowest since late April after the deadly attacks in Paris added to caution on the common currency. Weakening risk sentiment on falls in oil and commodity prices and...
FxWirePro: Hedge GBP/JPY downside risks via debit put spread
Nov 16, 2015 07:05 am UTC| Technicals
Japans lackluster preliminary GDP figures give us the hints on contraction in economic growth. Last weeks reducing unemployment in U.K. leads more consumer buying sentiments which in turn signs on GBPs strength. More...
CAD/JPY breaks minor support 92, decline till 90.60 is possible
Nov 16, 2015 06:55 am UTC| Technicals
CAD/JPY has broken major support 92 and declined till 91.78. It is currently trading around 91.97. Canadian dollar is trading weak against all major pair as oil prices tumbled near $40 due fresh signs of increasing...
FxWirePro: GBP/JPY breaks out 186.694 with Doji, one touch puts to target at 185.829
Nov 16, 2015 06:20 am UTC| Technicals
On daily chart, the pair has made a breakout below key support at around 186.694 levels, a formation of doji at this level signifies serious weakness in this pair.Alternatively if it manages to hold the support at 185.829,...
FxWirePro: BTC/USD consolidates in narrow range, good to sell on rallies
Nov 16, 2015 05:54 am UTC| Technicals Digital Currency
BTC/USD has recovered till $356 after making a low of $294. It is currently trading around $320. Short term trend is still bearish as long as resistance $370 holds. On the downside major support is around $300 and...
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