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GBP/USD Trade Idea

Oct 15, 2015 10:20 am UTC| Technicals

GBP/USD is facing trend line resistance around 1.5500 (trend line joining 1.5818 and 1.5658) and nay break above confirms major trend reversal, a jump till 1.5580/1.5600/1.5650 is possible. On the downside minor support...

BTC/EUR breaks 200 day MA , jump till 238 is possible

Oct 15, 2015 09:29 am UTC| Technicals

BTC/EUR has broken major resistance 222 (200 day MA) and a short jump till 238/246 is possible . On the downside minor support is around 214 and break targets 210/200. The pairs minor resistance is around 225 and break...

BTC/USD trades well above 200 day MA, targets $272

Oct 15, 2015 08:57 am UTC| Technicals

BTC/USD has broken minor resistance $250 and jumped till $256 It is currently trading at $254. Short term trend is bullish as long as support $235 holds The major resistance is around $258and break above will take the...

FxWirePro: Sell USD/JPY on rallies around 118.45-50 with SL around 19.20 for the TP of 117/116.20

Oct 15, 2015 07:18 am UTC| Technicals

USD/JPY breaks major support 118.60 which confirms major weakness , a decline till 116.20 cannot be ruled out . On the higher major resistance is around 119.20 and break above targets 119.60/119.80. Bearish invalidation...

FxWirePro: Sell USD/CAD on rallies around 1.2900-905 with SL around 1.2945 for the TP of 1.2800/1.2760

Oct 15, 2015 06:53 am UTC| Technicals

Loonie has broken major support 1.2900 which confirms short term weakness, a decline till 1.2780/1.2750 is possible . On the higher side any intraday bullishness can be seen only above 1.2940 . break above 1.2940...

FxWirePro: Transform NZD/USD short covering into CRBS – vega on calls to tackle higher IV

Oct 15, 2015 06:49 am UTC| Technicals

Fundamental rationale: On the other hand, we can very much empathize with this NZDs gain slightly at least in short run (lets say next 2 months or so) with an anticipation of Fed may continue to hold on its rate stance...

FxWirePro: USD/KRW hits fresh multi-month lows post BoK, good to sell rallies

Oct 15, 2015 06:46 am UTC| Technicals Central Banks

The South Korean won and shares sharply rose on Thursday morning after the bank of Korea kept rates steady. BoK kept its policy rates steady at a record low of 1.50 percent early in the session, as widely...

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