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FxWirePro: BTC/USD faces resistance around $448, good to buy at dips

Apr 21, 2016 09:16 am UTC| Technicals

Major Resistance - $448 (Feb 21st 2016) BTC/USD has made a high of $444 and slightly declined from that level. It is currently trading around $442. Minor trend is bullish as long as support $425 (21 day MA)...

USD/CAD takes support near trend line, targets 1.2800

Apr 21, 2016 08:48 am UTC| Technicals

Major Support 1.2590 (trend line joining 1.27499 and 1.26304) Loonie has taken support around 1.25925 and jumped from that level. It is currently trading around 1.26556. The pair is slightly bullish and is...

FX Hedging Strategy Series

FxWirePro: USD/TRY short term bearish potential intensifies after shooting star formation and breach below neckline of H and S pattern

Apr 21, 2016 08:27 am UTC| Technicals

Trend: Bullish in short term and Bearish in long term. We run you through emphasizing long term trend analysis. USDTRY bearish momentum seems stronger after breaking major support levels. Firstly, breaking after...

FxWirePro: Go long on EUR/NOK around 9.18 with stop loss at 9.1667 and target of 9.2630

Apr 21, 2016 08:22 am UTC| Technicals

EUR/NOK is currently trading at 9.1840 levels. It made intraday high at 9.1945 and low at 9.1519 levels. Intraday bias remains bullish till the time pair holds key support level at 9.1667. Alternatively, a...

FxWirePro: South African rand erases previous gain against US dollar, good to buy on dips

Apr 21, 2016 07:19 am UTC| Technicals

Pair is currently trading at 14.26 marks. It made intraday high at 14.26 and low at 14.19 levels. Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. A sustained break...

USD/CHF breaks major resistance at 0.9690, targets 0.97800/0.9800

Apr 21, 2016 07:15 am UTC| Technicals

Major resistance- 0.9690 Major support - 0.9630 The pair has broken major resistance 0.9690 and jumped till 0.9733.It is currently trading around 0.9704. Intraday trend is bullish as long as support 0.9630...

FX Hedging Strategy Series

FxWirePro: ATM delta instruments in hedging USD/TRY FX risks via diagonal spreads

Apr 21, 2016 07:13 am UTC| Technicals

Technically, USDTRY bearish momentum stronger after breaking support at 2.8218 levels, today even though pair is spiking the current prices have been well below DMAs and 7DMA crosses over below 21DMA which is still a sell...

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