
CAD/JPY faces strong resistance around 86.14, break above targets 87.05/88
Mar 11, 2016 10:52 am UTC| Technicals
Major resistance - 86.14 (88.6% retracement of 87.04 and 79.27) Major resistance - 84.50 CAD/JPY has recovered after making a low of 84.10. It is currently trading around 86.01. CAD/JPY faces strong...

FxWirePro: Euro IVs drastic cooling off owing to ECB's failure in forward guidance
Mar 11, 2016 10:35 am UTC| Technicals
After ECBs deliverance of more than anticipated has not completely priced in. All FX, equity, bonds and derivatives markets seem to be adjusting. You can observe that from the IV and RR nutshell. Had the ECB announced a...

Mar 11, 2016 10:26 am UTC| Technicals
Major resistance - 163.22 (127% retracement of 162.43 and 159.48) Major support - 160.80 The pair has made a high of 162.99 and started to retreat from that level. Short term trend is bullish as long as support...

USD/TRY hits fresh 3 month low at 2.8729, intraday bias remains bearish
Mar 11, 2016 10:05 am UTC| Technicals
USD/TRY is currently trading at 2.8795 levels. It made intraday high at 2.8921 and low at 2.8729 levels. Intraday bias remains bearish for the moment. A recent down fall from the 2.9991 was a corrective...

FxWirePro: Hedge NZD/USD's risks via 3 way straddles versus call
Mar 11, 2016 09:56 am UTC| Technicals
Since, we could foresee risk bias on both sides, as the long term downtrend has given trend reversal signal or it is just puzzling. Well, technically although this pair has tested supports minor supports at 0.6626...

EUR/NOK hits fresh 14- days high as well as low in a single day on the back economic data
Mar 11, 2016 09:37 am UTC| Technicals
EUR/NOK is currently trading around 9.4808 levels. It made intraday high at 9.5343 and low at 9.4529 levels. Intraday bias remains neutral for the moment. Yesterday both the countries released key economic...

FxWirePro: Silver forms Bearish Shark Pattern, good to sell on rallies
Mar 11, 2016 09:24 am UTC| Technicals
Harmonic pattern - Bearish Shark pattern Potential reversal Zone (PRZ) - $15.80 Silver has retreated after making a high of $15.71. It is currently trading around $15.50. Short term trend is bearish as long...