
FxWirePro:FTSE100 struggles to break below 6050, good to buy at dips
May 09, 2016 07:54 am UTC| Technicals
Major resistance 6180 (200 day 4 H EMA) Candle stick pattern formed- Hanging man FTSE100 slightly recovered till 6158 after making a low of 6053 .The index is facing immense selling pressure on higher levels...

GBP/JPY faces strong resistance at 155.50, break above targets 156.50/157.25
May 09, 2016 07:50 am UTC| Technicals
Major resistance- 155.50 (trend line joining Major support 153.50 The pair has made a low of 153.63 and slightly recovered from that level. It is currently trading around 155.50. GBP/JPY has broken major...

FxWirePro: GBP/JPY stagnant vega signifies ITM shorts in hedging strategies despite reducing IVs
May 09, 2016 07:46 am UTC| Technicals
The Sterling and Yen remained in a holding pattern ahead of todays BoEs monetary policy, trade balance in UK and current account in Japan. ATM IVs of 1D and 1W expiries are at 16.56% and 13.66% respectively. IVs of...

May 09, 2016 06:42 am UTC| Technicals
The recent bounces from could not sustain major resistance at 162.702 and 161.702 levels and the prices rejected at this level. Bears resume after rejecting at major resistance at 162.702 minor resistances at 161.702...

FxWirePro: Gold struggles to close above $1300, good to sell on rallies
May 09, 2016 05:37 am UTC| Technicals
Potential reversal Zone - $1303 (May 2nd high) Gold has once again retreated after making a high of $1295 on Friday. The yellow cannot able to hold above $1300 level and facing selling pressure at higher levels . It...

FxWirePro: USD/SGD hovers around key resistance at 1.3628, intraday bias remains neutral
May 09, 2016 03:51 am UTC| Technicals
USD/SGD is currently trading around 1.3624 marks. It made intraday high at 1.3642 and low at 1.3598 levels. Intraday bias remains neutral for the moment. A sustained close above 1.3628 tests key resistances...

FxWirePro: USD/KRW fails to find support above 1170, good to sell on rallies
May 09, 2016 03:08 am UTC| Technicals
USD/KRW is currently trading around 1165 levels. Intraday bias remains bearish till the time pair holds key resistance at 1172 levels. A daily close above 1172 will drag the parity up towards key resistances at...