
FxWirePro: BTC/USD struggles to break above $450, good to sell on rallies
Mar 04, 2016 11:35 am UTC| Technicals
Major resistance - $450 BTC/USD has formed almost a double top around $445 and declined from that level. It is trading around $418. Short term trend is slightly weak as long as resistance $450...

Mar 04, 2016 10:58 am UTC| Technicals
On weekly plotting, Bullish engulfing most likely with US session to spare, downtrend moving sloping channel so far, bulls hovers at channel resistance, expect sideways or mildly upswings in short run. Break above...

Mar 04, 2016 10:57 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 2.0890/2.0845...

FxWirePro: CAD/JPY struggles to break above 85.25, good to sell on rallies
Mar 04, 2016 09:57 am UTC| Technicals
Harmonic Pattern- Bearish Gartley Pattern Potential Reversal Zone (PRZ) - 85.50 The pair has once again retreated after making a high of 85. is currently trading around 84.56. Short term trend is slightly weak as long...

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...