
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...

FxWirePro: GBP/AUD edges higher from fresh 10-month lows at 1.9153, test of 1.90 levels likely
Mar 04, 2016 06:21 am UTC| Technicals
GBP/AUD hit fresh 10-month lows at 1.9153 in Thursdays trade and is currently trading a narrow range (1.9280/02) on the day. Price action has broken below channel base and has dipped below the weekly cloud. Momentum...

FxWirePro: Gold faces strong resistance around $1268, good to buy at dips
Mar 04, 2016 06:15 am UTC| Technicals
Major resistance - $1250 (trend line joining $1433 and $1391) Major support-$1237 (3 W EMA) Gold has broken major resistance $1250 and jumped $1268. It is currently trading around $1261. Short term trend is still...