FxWirePro: Euro zone macros hamper EUR/CHF’s healthy bull run – technicals signal still a buy
Oct 06, 2015 12:31 pm UTC| Technicals
We would view that as a buying opportunity for EUR/CHF. On a 1-3m horizon, our target is still higher though we have adjusted our Q4 forecast (now 1.10, prev 1.12). The latest quarterly SNB meeting did nothing to...

Oct 06, 2015 12:26 pm UTC| Technicals
USD/CAD has broken major trend line support at 1.3140 (trend line joining 1.2126 and 1.30113) and declined till 1.3064. It is currently trading at 1.3078 level. Intraday trend is still weak as long as resistance...
FxWirePro: EUR/USD downside risks mounting – why to avoid OTM instruments in option strips
Oct 06, 2015 12:25 pm UTC| Technicals
The ATM volatility and delta risk reversal of EURUSD, divulge that the fact that pair would experience little downside pressure in next 1-6 months future with reducing volatilities. Although trend is puzzling on either...
FxWirePro: EUR/GBP faces strong resistance around 0.7450, good to buy at dips
Oct 06, 2015 12:21 pm UTC| Technicals
RES 4: 0.7506 ( 138.2 % retracement of 0.7420 and 0.7196) RES 3: 0.7480 (May 5th 2015) RES 2: 0.7450 (Oct 2nd 2015) RES 1: 0.7420 PRICE: 0.7390 @ 12:16 GMT SUP 1: 0.7385 (20 day 4 HMA) SUP 2: 0.7365 (55...
FxWirePro: GBP/USD key resistance level at 1.5248, bearish in the short term
Oct 06, 2015 12:19 pm UTC| Technicals
GBP/USD recovered some ground today in the early European session after hitting minor support level at 1.5137 levels. The cable is currently trading with overbought condition and further decline towards lower levels can...
FxWirePro: USD/JPY faces strong resistance around 121.30, good to buy at dips
Oct 06, 2015 12:07 pm UTC| Technicals
RES 4: 122.30 RES 3: 121.75 (28th aug high) RES 2:121.30 ( SEP 10TH HIGH) RES 1: 120.30 (200 day 4 H EMA) PRICE: 120.32 @12:04 GMT SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72) SUP 2:...

Silver breaks minor resistance around $15.60, slight jump till $16.45 is possible
Oct 06, 2015 11:48 am UTC| Technicals
Silver has broken major resistance around $15.60 which confirms short term bullishness, a jump till $16.05/$16.45 is possible. Short term trend reversal can happen only below $15.40. Any break below $15.40 will drag...