FxWirePro: Buy GBP/JPY only above 183.20 with SL around 182.50 for the TP of 184.40/185
Oct 06, 2015 02:48 am UTC| Technicals
GBP/JPY has made a high of 183.20 and slightly declined from that level. It is currently trading at 182.68. The pair is facing strong resistance around 183.20 and any further bullishness can be seen only above that level....
FxWirePro: USD/CAD key resistance at 1.3134, bearish in the short term
Oct 05, 2015 14:48 pm UTC| Technicals
USD/CAD opened around 1.3175 in todays Asian session and has continued to decline from Fridays low, as the commodities co-related Canadian dollar has steadily gained against US dollar. The pair failed to break support...
FxWirePro: USD/CHF key support at 0.97685, bullish in the short term
Oct 05, 2015 13:27 pm UTC| Technicals
The USD/CHF pair rallied from 0.9683 to test resistance level at 0.9753 in the mid European session. However, after failing to break resistance level at 0.9751, the pair is turning back downwards. The pairs downside is...

Dollar/Yen’s triangular consolidation review
Oct 05, 2015 13:25 pm UTC| Technicals
Dollar and Yen is in a tight triangular consolidation against each other that just refuses to break down. The consolidation shown in chart. So far more than 10 attempts have failed give the pair any direction, however...
FxWirePro: EUR/USD key support at 1.1200, buy deals are recommended above 1.1210
Oct 05, 2015 13:08 pm UTC| Technicals
The pair edged up to reach 1.1288 levels, in the early European session, however the gains were limited and pair slipped back towards to trade around 1.1235 levels. The pair is set to consolidate around 1.1210 levels and...

Silver breaks minor resistance around $14.95, slight jump till $16 is possible
Oct 05, 2015 12:27 pm UTC| Technicals
Silver has broken minor trend line resistance around $14.95 which confirms short term bullishness, a jump till $16.05 is possible. Short term trend reversal can happen only below $14.75. Any break below $14.75 will...

FxWirePro: GBP/AUD long term downside risks can be hedged through option strips
Oct 05, 2015 12:13 pm UTC| Technicals
The potential target on upside is about 50-100 pips where 200-250 pips on downside, options strips are to be deployed, now have a look at the diagram fro prevailing prices of ATM puts and they are moving in line with...