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GBP/JPY Trade Idea

Dec 21, 2015 11:22 am UTC| Technicals

Harmonic Pattern Formed- Bullish Shark pattern Potential Reversal Zone (PRZ) - 179.70 The pair has declined till 180.32 and started to recover from that level. It is currently trading at 181.15 Any break...

FxWirePro: EUR/USD faces strong support around 1.0800, good to buy at dips

Dec 21, 2015 11:20 am UTC| Technicals

EUR/USD recovered after making a low of 1.0802. It is currently trading around 1.08614. The pair recovered till 1.08882 and started to slightly decline from that level. Intraday trend is slighty bullish as long...

FX Hedging Strategy Series

FxWirePro: Deploy EUR/CHF synthetic put for hedging as naked puts seem overpriced

Dec 21, 2015 10:45 am UTC| Technicals

As you can observe the ATM premiums are trading 38% more than NPV, so hedging with these overpriced at the money instruments would not be cost effective as its delta amounting close to 50% would collapse as the time decay...

FxWirePro: EUR/AUD trades narrow range, consolidation to extend

Dec 21, 2015 09:57 am UTC| Technicals

EUR/AUD trades rangebound, extending its consolidation phase after it breaks channel resistance on Dec 8th. Momentum studies are neutral, 5, 10 20 DMAs either base/climb, choppy range trade looks set to...

FxWirePro: GBP/AUD faces strong support around 2.050, good to buy at dips

Dec 21, 2015 09:48 am UTC| Technicals

Potential Reversal Zone (PRZ)-2.0500 The pair has recovered till 2.1216 after making a low of 2.0300 level. Overall trend is still bullish as long as support 2.0500 holds. On the downside any break below 2.0500...

FX Hedging Strategy Series

FxWirePro: Hedge GBP/JPY downside risks via back spreads and speculate via one touch binary calls

Dec 21, 2015 09:21 am UTC| Technicals

Option Currency Hedging and speculating: For today, no doubt upswings are attempting to bounce above 21DMA but casted-off at 181.205 levels on this pair in abrupt but any continued downswings may turn adversely as we...

FxWirePro: Copper faces strong resistance around 2.135, good to buy at dips

Dec 21, 2015 09:15 am UTC| Technicals

Major support -2.035 Copper has recovered till 2.120 after making a low of 2.033. It is currently trading around 2.112 The commodity has formed temporary bottom around 2.030 and any further weakness only below...

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