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FxWirePro: Strong support for EUR/USD at 1.090, breaks below could take the pair to 1.080

Nov 04, 2015 11:21 am UTC| Technicals

EUR/USD is currently trading at 1.0928, with immediate resistance at 1.1006 (10 DMA) and support at 1.0897 (30 DMA Lower Bollinger) Markit PMI surveys data released earlier pointed to quarterly EZ economic growth of...

GBP/CAD Trade Idea

Nov 04, 2015 10:59 am UTC| Technicals

GBP/CAD has broken minor resistance 2.0160 and this confirms short term bullishness, a jump till 2.020/2.028 is possible On the downside minor intraday support is around 2.0130 and break below will drag the pair till...

FxWirePro: GBP/USD recovers after UK services PMI, good to sell on rallies

Nov 04, 2015 10:05 am UTC| Technicals

Cable recovered slightly till 1.5445 after release of UK service PMI. It is currently trading around 1.54210. UK Business activity index rose for the first time since June, to 54.9 from 53.3 in Sep. Overall trend is...

FxWirePro: EUR/JPY trades well below trendline support, breaks till 131 levels likely

Nov 04, 2015 09:35 am UTC| Technicals

EUR/JPY tests fresh lows at 132.28 as the single currency remains heavy on dovish Draghi talk, carry demand Daily price action remains well below the cloud and major Moving Averages, and has been consistently capped below...

GBP/CAD breaks minor resistance 2.016, targets 2.023/2.030

Nov 04, 2015 09:17 am UTC| Technicals

GBP/CAD has broken minor resistance 2.0160 and this confirms short term bullishness, a jump till 2.020/2.028 is possible On the downside minor intraday support is around 2.0130 and break below will drag the pair till...

FX Hedging Strategy Series

FxWirePro: Stay Short on EUR/JPY via BPS for risk averse backspreads aggressive bears

Nov 04, 2015 08:36 am UTC| Technicals

Please observe in the above nutshell how delta risk reversal numbers are inching higher into negative values gradually in a long run (flashing at negative 1.65 for 1 year expiries). 1W at the money 49.6% delta puts are...

FxWirePro: BTC/USD faces strong resistance around $454, good to buy at dips

Nov 04, 2015 07:39 am UTC| Technicals Digital Currency

BTC/USD has broken major psychological resistance $400) and jumped till $443 at the time of writing. It is currently trading at $ has declined till $402 in the morning and recovered from that level. Short term trend...

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