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FxWirePro: Buy GBP/USD only above 1.5500 with SL around 1.5450 for the TP of 1.5580/1.5600

Oct 19, 2015 11:28 am UTC| Technicals

GBP/USD is facing trend line resistance around 1.5500 (trend line joining 1.5658 and 1.5585) and any break above confirms major trend reversal, a jump till 1.5580/1.5600/1.5650 is possible. On the downside minor...

EUR/GBP breaks major 200 day MA support, decline till 0.7240 is possible

Oct 19, 2015 11:25 am UTC| Technicals

RES 4: 0.7480 (May 5th 2015) RES 3: 0.7450 (Oct 2nd 2015) RES 2: 0.7401 (Kijun-Sen) RES 1 :0.7340(200 day 4HMA) PRICE: 0.7318 @ 11:24 GMT SUP 1: 0.7300 (Sep 25th 2015) SUP 2: 0.7240 SUP 3:...

FxWirePro: USD/JPY faces strong support around 118.60, good to buy at dips

Oct 19, 2015 11:14 am UTC| Technicals

RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.56 (Oct 6th 2015) RES 2: 120.00 (200 day HMA) RES 1: 119.70 (Trendline resistance) PRICE: 119.43 @11:13 GMT SUP 1: 118.50 (Sep 4th 2015) SUP2 : 118 SUP3...

FxWirePro: Cable struggles at the 1.55 handle, bullish bias on breaks above

Oct 19, 2015 11:10 am UTC| Technicals

After two consecutive sessions of losses, GBP/USD spot is recovering lost ground and remains on track to challenge 1.5500 the figure But strong resistance for the pair is located by cloud base at 1.5491, breaks...

Gold breaks faces major trend line support around $1170, break below targets $1150

Oct 19, 2015 10:23 am UTC| Technicals

Gold has made a high of $1190 and started to decline from that level. It is currently trading at $1173. It is facing strong trend line support around $1170 (trend line joining $1136 and $1151) and break below targets...

FX Hedging Strategy Series

FxWirePro: Bearish sentiments mounting on EUR/USD – buy risk reversals

Oct 19, 2015 09:48 am UTC| Technicals

We keep urging often and often with spot FX flashes of EURUSD at 1.1379 delta risk reversal for 1 week contracts have shown bearish signals back again and long term (1M-1Y) put contracts are also on higher demand. Please...

A glimpse on why does volatility smile vary from different strikes and asset classes

Oct 19, 2015 09:42 am UTC| Technicals

It is quite common market practice to recapitulate the information in sequence of the vanilla options market in the volatility smile table which includes Black-Scholes implied volatilities for different maturities and...

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