
FxWirePro: GBP/JPY PRBS for hedging - Stay cautious on delta while executing backspreads
Dec 04, 2015 09:03 am UTC| Technicals
Overall trend of this pair fixes it bearish view for a target of 184.604 and may even tumble up to 182.420 in medium terms. We think arresting this potential downside risks by hedging through Put Ratio back Spread is...

FxWirePro: Reiteration of crude bears destiny – $39/brl areas seem favorite for bears
Dec 04, 2015 08:12 am UTC| Technicals
We spotted out the series of bearish indications that have pushed down the prices below 10DMA. From mid November, the commodity has not even been able to clear 23.6% fibo retracements, it tend to collapse the moment it...

FxWirePro: GBP/USD faces strong resistance around 1.5160, good to sell on rallies
Dec 04, 2015 07:50 am UTC| Technicals
Major trend reversal level - 1.5160 (Support turned into resistance) Any further bullishness can be seen only above 1.5160 levels. Break above 1.5160 will take the pair to next level 1.5200 (trend line joining 1.54960...

Watchout for AUD/NZD close below 1.0936 (pivotal support) for further bearishness
Dec 04, 2015 07:28 am UTC| Technicals
AUD/NZD trades in a neutral setup - 21 DMA at 1.0936 is pivotal support, close below could expose 1.0860 (32.8 % Fibo 1.0496-1.1086 rise). Upbeat Australia retail sales which increased 0.5% m/m in Oct, marginally...

FxWirePro: BTC/USD trades in narrow range, good to buy at dips
Dec 04, 2015 07:28 am UTC| Technicals Digital Currency
BTC/USD has made a high of $371 and started to decline from that level. It is currently trading around $356. Short term trend is bullish as long as trend line support $335 holds. Any break below $335 will drag the...

FxWirePro: GBP/JPY faces strong resistance around 186.05, good to sell on rallies
Dec 04, 2015 07:03 am UTC| Technicals
The pair has recovered till 185.90 after making a low of 183.97. It is currently trading around 185.33. Short term trend is weak as long as resistance 186.05 holds. Any break above 186.05 will take the pair to next...

FxWirePro: EUR/CHF bears poised with over-reactive spot FX rallies – OTC well balanced
Dec 04, 2015 06:56 am UTC| Technicals
We believe Euros spot FX has been overreacting after the ECBs decision to cut the deposit rates by 10 bps to -0.30% from minus 0.2% are cushioning a bit, while expectations were minimum 15-20 bps, so we think this as...