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CAD/JPY faces strong resistance at 86.50, break above targets 88/89.50

Mar 30, 2016 12:38 pm UTC| Technicals

Major resistance 86.50 Major support - 84.50 The pair has once again retreated after making a high of 86.49 yesterday. It has declined till 85.80 and slightly recovered from that level. It is currently trading...

FxWirePro: EUR/AUD breaks major support at 1.4790, good to sell rallies

Mar 30, 2016 12:30 pm UTC| Technicals

EUR/AUD has broken major support at 1.4790 and is currently trading at 1.4745 levels. Technicals on daily charts support further downside. Stoch show a bearish crossover and RSI is biased lower. The pair finds...

FX Hedging Strategy Series

FxWirePro: GBP/AUD/ rising 1W ATM IV lures option holders – Sensitivity tools signals more OTM instruments in PRBS

Mar 30, 2016 12:09 pm UTC| Technicals

ATM IVs of 1W expiries are almost shy below 12%, and 11.70% for 1M tenor. With the momentum in long term bear trend being intensified, technically the pair has broken crucial supports, If you have to evaluate the ATM...

USD/CHF Trade Idea

Mar 30, 2016 10:41 am UTC| Technicals

Major support 0.9630 (trend line joining 0.91136 and 0.9257) The pair has broken minor support 0.9680 and declined till 0.96432 at the time of writing. It is currently trading around 0.96516. Short term trend is...

FxWirePro: GBP/USD faces strong resistance around 1.4480, good to sell on rallies

Mar 30, 2016 09:53 am UTC| Technicals

Major resistance 1.4480 (trend line joining 1.4663 and 1.4474) Major support -1.4350 (55 day EMA) Cable has retreated after making a high of 1.4450 level. It is currently trading around 1.43925. Short term...

FX Hedging Strategy Series

FxWirePro: GBP/AUD bear trend to resume upon rejection of 21DMA, on verge of 50% Fibo retracement - leverage profits via one touch binaries

Mar 30, 2016 08:44 am UTC| Technicals

21DMA - 1.8965 7DMA - 1.8782 Spot ref: 1.8778 No trace of buying scenes, we continue to maintain our bearish view from last week. Bears resume after rejecting 21DMA, Short on rallies as the current prices...

FxWirePro: Silver fails to fall below $15.00 mark, intraday bias remains bullish

Mar 30, 2016 08:32 am UTC| Technicals

XAG/USD is currently trading around $15.40 levels. It made intraday high at $15.42 and low at $15.27 levels. Intraday bias remains bullish for the moment. A daily close below $15.03 will tests key supports...

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