
FxWirePro: USD/JPY rejected at lows, good to buy dips, weakness only on breaks below 120.66
Dec 14, 2015 07:26 am UTC| Technicals
USD is garnering strength ahead of FOMC this week, USD/JPY better bid despite weakness across Asian stocks and a rather risk-averse sentiment across markets. Expectations are ripe for a Fed hike, but there is also the...

FxWirePro: Extra EUR/JPY ATM delta put makes 2:1 hedging strategy handsome
Dec 14, 2015 07:20 am UTC| Technicals
Please observe the IV factor for ATM contracts with 1w expiries. It is smoothening from last weeks 12.75% to 9.6% but we still think this as higher side without any significant market dragger news except German ZEW...

FxWirePro: EUR/USD forms Bullish Cypher Pattern, good to sell on rallies
Dec 14, 2015 07:20 am UTC| Technicals
Harmonic Pattern- Bullish Cypher Pattern Potential reversal Zone (PRZ) -1.10500 The bullish cypher pattern becomes invalid only if it breaks above 1.10450. The pair has made a high of 1.10305 and declined...

FxWirePro: BTC/EUR faces support around 375, good to buy at dips
Dec 14, 2015 06:56 am UTC| Technicals Digital Currency
BTC/EUR has broken trend line resistance 390 and jumped till 424.96 . It is currently trading around 398.75. Short term trend is still bullish as long as support 375 holds. On the higher side minor resistance is...

FxWirePro: Don’t risk your investment in EUR/JPY, not safe zone to add fresh longs
Dec 14, 2015 06:37 am UTC| Technicals
Previous downtrend offers more shorting opportunities by generating some Spinning top, long legged and gravestone doji patterns. These bearish candles form such as spinning top, long legged and Gravestone dojis at...

FxWirePro: GBP/JPY consolidates in narrow range, good to sell on rallies
Dec 14, 2015 06:16 am UTC| Technicals
Pattern formed - Falling wedge Major resistance - 185.28 (trend line joining 188.80 and 186.33) The pair has made a high of 183.34 yesterday and started to recover from that level. It is currently trading at...

FxWirePro: BTC/USD faces strong support around $400, good to buy at dips
Dec 14, 2015 05:55 am UTC| Technicals Digital Currency
Major intraday resistance - $468 The pair has made a high of $467.80 and declined till $403. It is currently trading around $437. The pair is still bullish as long as support $400 holds Any break above major...