
FxWirePro: Trade iron butterfly in shrinking USD/CHF IVs and bearish neutral risk reversals
May 04, 2016 12:59 pm UTC| Technicals
OTC Outlook: ATM implied volatilities are considerably shrinking away, slipped below 9% (to be precise 8.76% for 2W expiries and 8.68% for 1M expiries). While, risk reversals have also been in sync with IVs and spot...

May 04, 2016 12:35 pm UTC| Technicals
On daily charts, Dragonfly Doji taking support at channel base at 0.9541. The pair has rejected stiff resistance at 0.9786 levels, as a result, after 6 days of continuous bear streaks it has now shown a little sense of...

May 04, 2016 12:18 pm UTC| Technicals
Pattern Formed Shooting Star Potential Reversal Zone 1.1620 The pair has retreated after making a high of 1.16161 yesterday.It is currently trading around 1.14890. Short term trend is slightly bearish as...
FxWirePro: AUD/USD strongly bearish despite upside attempts
May 04, 2016 12:14 pm UTC| Technicals
AUD/USD pair declined to hit low at 0.7460 on Wednesday as the pair failed to break resistance level located at 0.7515 in the early Asian session. However, the pair has managed to rebound after testing support level...

FxWirePro: AUD/JPY edges higher from 6-month lows at 79.53, bias lower
May 04, 2016 11:39 am UTC| Technicals
The pair is seeing a double whammy after BoJ surprised markets last week with inaction. AUD/JPY hit fresh 6-month lows at 79.53 on Tuesdays trade and has pare some losses to currently trade at 79.90...

S&P500 breaks major support 2050, targets 2023/2000
May 04, 2016 11:25 am UTC| Technicals
Major support - 2050 Major Intraday resistance - 2070 Short term trend reversal Level- 2085 The index has broken major support 2050 and declined till 2046.6 at the time of writing. It is currently trading...

FxWirePro: Exploit AUD/CAD sluggish IVs for "Shorts in Short Put Ladder" to arrest downside risks
May 04, 2016 10:34 am UTC| Technicals
Technical Glimpse: Around a fortnight ago, we had anticipated bearish calls accentuating on whipsaws resistance at 0.9955 and break below of channel support, now see the evidence of their bearish effects. For now, the...