
FxWirePro: BTC/USD faces strong resistance around $350, good to sell on rallies
Nov 13, 2015 07:18 am UTC| Technicals Digital Currency
BTC/USD has recovered till $344 after making a low of $2394. It is currently trading around $337. Short term trend is still bearish as long as resistance $370 holds. On the downside major support is around $300 and...

FxWirePro: NZD/JPY breaking 80.250, under stress upon hanging man formation
Nov 13, 2015 07:07 am UTC| Technicals
We kept reiterating that this pair seems to be unlikely to sustain previous crucial supports at 80.250 levels, yesterday it has closed below these levels at 80.193. Although it has made an attempt to bounce back to hold...

NZD/CAD faces strong resistance around 0.8705, break above targets 0.8750/0.8790
Nov 13, 2015 06:27 am UTC| Technicals
Potential Reversal Zone (PRZ) - 0.8705 Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level. The pair is...

FxWirePro: Yen taming dollar’s upswings; Delta hedging of USD/JPY long straddles
Nov 13, 2015 06:06 am UTC| Technicals
Daily charts of USDJPY suggest weakness as the leading oscillating indicators such as RSI (14) and Slow stochastic evidence overbought pressures as strength index curve converges falling prices. %D crossover over above...

GBP/CAD trades well above 2.02, jump till 2.032 is possible
Nov 13, 2015 05:41 am UTC| Technicals
GBP/CAD has made a high of 2.0294 and slightly declined from that level. Intraday trend is bullish as long as support 2.0170 holds. Any beak below 2.017 will drag the pair down till 2.0120/2.0070 level. On the...

Dollar on the defensive post Fed chat, good to short USD/JPY on break below 122.45
Nov 13, 2015 05:32 am UTC| Technicals
Fed speakers on Thursday have not been dollar friendly, with concerns over inflation and timings of a rate hike. Stanley Fischer, spoke about incorporating financial stability into monetary policy, suggesting downward...

EUR/CAD breaks minor resistance , good to buy at dips
Nov 13, 2015 04:06 am UTC| Technicals
Potential Reversal Zone (PRZ)- 1.4320 The pair has broken resistance 1.4320 which confirms short term bullishness , a jump till 1.4370/1.4425 is possible . On the downside minor support is around 1.4300 and...