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FxWirePro: USD/CAD key resistance at 1.3080, sell deals are recommended below 1.3070

Oct 13, 2015 13:19 pm UTC| Technicals

USD/CAD rebounded back above 1.3030 levels yesterday, after failing to break support level at 1.2900. Currently the pair has rebounded from support level at 1.3034, and is moving to test resistance level 1.3066.The...

FxWirePro: Buy EUR/USD risk reversal in long term

Oct 13, 2015 13:11 pm UTC| Technicals

With spot FX flashes of EURUSD at 1.1379 we see delta risk reversal for 1 week contracts have shown slight recovery signals but long term (1M-1Y) put contracts are on higher demand. As you can make out from the nutshell...

USD/CAD Trade Idea

Oct 13, 2015 12:40 pm UTC| Technicals

Harmonic Pattern formed - Bearish BAT pattern Potential Reversal Zone (PRZ) -1.3087 Any break above 1.3087 will take the pair to next target 1.3135/1.3180. On the downside minor support is around 1.3025 and...

FxWirePro: AUD/USD gamma calendar spreads to hedge downside risks

Oct 13, 2015 12:15 pm UTC| Technicals

Prevailing implied volatility rates for AUD/USD is almost close to 12%. Thus, on a long term hedging perspective, debit gamma put spreads are advocated so as to reduce the sensitivity and focus on hedging motive. 25-delta...

FxWirePro: AUD/USD tanks over 1%, dips below 0.73 handle

Oct 13, 2015 12:13 pm UTC| Technicals

AUD/USD halted a nine-session winning streak and edged lower as weak stocks influence a drop in risk appetite linked currencies Price action has dipped into the cloud, RSI and Stochs are biased lower and at...

FxWirePro: Delta risk reversal still signifies AUD/USD’s bearish trend

Oct 13, 2015 12:08 pm UTC| Technicals

Delta risk reversals of AUDUSD: After the brief upswings to 0.7382, the OTC options market appeared to be more balanced on the direction for the pair over the 1m to 1y time horizon as hedgers have been cautious on long...

FxWirePro: USD/CAD capped at 1.3067, recovery unlikely to sustain

Oct 13, 2015 11:50 am UTC| Technicals

USD/CAD opened Noram markets 13056, +58 pips vs the previous close, overnight range 1.2997/3067. The pair staged a solid-comeback from lows near 1.29 handle on Monday, but recovery likely capped at 1.3067 Crude...

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