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FxWirePro: EUR/USD likely to remain in range - short term bears gain traction after drifts below resistance and 7DMA

Mar 22, 2016 11:16 am UTC| Technicals

Theeuro has begun the trading week extended losses, as the pair rejects the resistance at 1.1320 levels (upper BB, see circled area) on 18th March and began tumbling from there. Currently, testing supports at 1.1210...

FxWirewPro: CHF/JPY faces strong resistance around 116, good to sell on rallies

Mar 22, 2016 10:34 am UTC| Technicals

Major resistance - 116 The pair has retreated after making a high of 115.93 It is currently trading around 114.97. Short term trend is weak as long as resistance 116 holds. Any break below 114 will drag the...

EUR/USD breaks major support 1.1207, decline till 1.1100 is possible

Mar 22, 2016 10:19 am UTC| Technicals

Major support 1.12070 (trend line joining 1.12558 and 1.12355) Major intraday support 1.1260 The pair has broken 1.12070 and declined till 1.1883 at the time of writing. It is currently trading around...

Russian rouble continues to appreciate against US dollar, short term bias remains bearish

Mar 22, 2016 08:55 am UTC| Technicals

USD/RUB is currently trading around 68.20 levels. It made intraday high at 68.29 and low at 67.43 levels. Intraday bias remains neutral for the moment. A daily close below key support 66.41 will drag the...

FX Hedging Strategy Series

FxWirePro: USD/TRY shooting star formed at peak, breaks below H&S neckline - corrections on cards upto 2.8218 zone

Mar 22, 2016 08:53 am UTC| Technicals

Technical glimpse: A shooting star pattern candle formed at peak of 2.9466 on monthly chart of this exotic pair. Uptrend drifts in sideways from last 6 months or so, but now shooting star appears at peaks with...

FX Hedging Strategy Series

FxWirePro: AUD/NZD reduced ATM IV lures option writers – CRBS with sensitivity tools to brief hedging dimensions

Mar 22, 2016 08:29 am UTC| Technicals

ATM IVs of 1W expiries are at 7.41%, and 8.59% for 1M tenor. Although the momentum in long term bull trend is reduced, but from last couple of weeks regained the strength, Aussie dollar against Kiwi dollar has been...

Cable breaks major support 1.4350, targets 1.4200

Mar 22, 2016 08:09 am UTC| Technicals

Major Support - 1.4350 Major Intraday resistance - 1.4400 The pair has broken major support 1.4350 and declined till 1.4335 at the time of writing. It is currently trading around 1.4345. Short term trend is...

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