FxWirePro: Buy GBP/JPYat dips around 184.20-25 with SL around 183.60 for the TP of 185.20/186
Oct 09, 2015 02:43 am UTC| Technicals
GBP/JPY breaks major trend line resistance around 184.20 which confirms short term bullishness , a jump till 185.20/186.40 cannot be ruled out. On the downside intra day weakness can be seen only below 183.65 and nay...

FxWirePro: Wise to change USD/CHF iron condors into condor spreads on increasing vols
Oct 08, 2015 13:29 pm UTC| Technicals
Although, on long term basis USDCHF has slight uptrend sentiments but we expect range bounded movements in short to medium terms considering the increased volatility (projected a gradual increase in 1m-3m ATM contracts at...
FxWirePro: EUR/USD key support at 1.1234, bullish in the short term
Oct 08, 2015 13:18 pm UTC| Technicals
EUR /USD pair has slipped sharply towards levels in the mid European session after failing to reach beyond 1.1317 resistance level. However, the pair managed to recover after hitting strong support level at 1.1234 and is...

FxWirePro: Increased IV and delta risk reversal suggests expanded USD/CHF range bounded trend
Oct 08, 2015 12:58 pm UTC| Technicals
From the above table showing delta risk reversal and ATM volatility, it is evident and understood that this instrument has been absolutely stagnant and it would remain the same range in future but little bearish bias.As a...
FxWirePro: USD/CAD key support at 1.2964, buy deals are recommended above 1.3030
Oct 08, 2015 12:39 pm UTC| Technicals
USD/CAD has strongly rebounded back towards 1.3070 levels, after failing to break support level at 1.2964 yesterday , Currently the pair is testing resistance level at 1.3076. A break above will unleash a strong bullish...

FxWirePro: Gold faces strong trend line resistance around $1154, good to sell on rallies
Oct 08, 2015 12:17 pm UTC| Technicals
Gold breaks trend line resistance around $1152(trend line joining $1169 and $1156) and declined from level. This confirms short term weakness, a decline till $1128 is possible. On the higher side major resistance is...
FxWirePro: USD/CHF key support at 0.9647, upside prevails in the short term
Oct 08, 2015 12:10 pm UTC| Technicals
The USD/CHF has slipped back towards 0.9660 levels, after failing to minor resistance at 0.9740 levels. The pair has been trading in a narrow range off late, and a strong rebound is expected to take place sooner or later...