
FxWirePro: Indian rupee touches monthly high against US dollar at 67.19, buy on dips
Mar 04, 2016 09:55 am UTC| Technicals
Pair is currently trading at 67.2650 levels. It made intraday high at 67.34 and low at 67.22 levels. A recent downfall from 68.74 likely to stop here and short term trend reversal is expected from key support level at...

FxWirePro: FTSE100 struggles to break above 6210, good to sell on rallies
Mar 04, 2016 09:28 am UTC| Technicals
Major resistance - 6210 (trend line joining 6874 and 6764) Major support - 6080 The index has recovered after making a low of 6098. It is currently trading around 6157. Short term trend is weak as long as...

FxWirePro: Delta neutrality in 1M EUR/CHF iron butterfly likely to earn certain yields
Mar 04, 2016 09:00 am UTC| Technicals
A delta neutral trading strategy in this case involves the buying of a theoretically underpriced option (OTM as shown in the diagram) while taking an opposite position in EURCHF options. Well, thereby, a common question...

FxWirePro: GBP/CAD faces strong resistance around 2.1100, good to sell on rallies
Mar 04, 2016 07:51 am UTC| Technicals
Major Support -2.0935 Major resistance- 2.1100 The pair has retreated after making a high of 2.1100. It is currently trading around 2.09590. The pairs major support is around 2.0935 and break below targets...

Just like Gold, Silver breaks all key resistance levels and trading back above $15.20
Mar 04, 2016 07:40 am UTC| Technicals
Pair is currently trading at $15.28 levels. It made intraday high at $15.35 and low at $15.01 levels. Intraday bias remains bullish for the moment. On the top side, key resistance level falls at $15.56 marks. In...

FxWirePro: USD/JPY takes trendline support at 113.27, good to buy dips
Mar 04, 2016 07:20 am UTC| Technicals
USD/JPY has held rising trendline support at 113.27 on the 4 hourly charts and edges higher. Recovery picks-up pace in response to the renewed rally seen in the Chinese equities. Shanghai Composite bounces 0.63%, CSI 300...

EUR/NOK hovers above key support at 9.3862, intraday bias remains neutral
Mar 04, 2016 07:08 am UTC| Technicals
Pair is currently trading at 9.3919 levels. It made intraday high at 9.4018 and low at 9.3865 levels. Intraday bias remains neutral till the time pair holds key support levels at 9.3862 marks. A daily close below key...