
FxWirePro: Deploy EUR/CHF synthetic put for hedging as naked puts seem overpriced
Dec 21, 2015 10:45 am UTC| Technicals
As you can observe the ATM premiums are trading 38% more than NPV, so hedging with these overpriced at the money instruments would not be cost effective as its delta amounting close to 50% would collapse as the time decay...

FxWirePro: EUR/AUD trades narrow range, consolidation to extend
Dec 21, 2015 09:57 am UTC| Technicals
EUR/AUD trades rangebound, extending its consolidation phase after it breaks channel resistance on Dec 8th. Momentum studies are neutral, 5, 10 20 DMAs either base/climb, choppy range trade looks set to...

FxWirePro: GBP/AUD faces strong support around 2.050, good to buy at dips
Dec 21, 2015 09:48 am UTC| Technicals
Potential Reversal Zone (PRZ)-2.0500 The pair has recovered till 2.1216 after making a low of 2.0300 level. Overall trend is still bullish as long as support 2.0500 holds. On the downside any break below 2.0500...

FxWirePro: Hedge GBP/JPY downside risks via back spreads and speculate via one touch binary calls
Dec 21, 2015 09:21 am UTC| Technicals
Option Currency Hedging and speculating: For today, no doubt upswings are attempting to bounce above 21DMA but casted-off at 181.205 levels on this pair in abrupt but any continued downswings may turn adversely as we...

FxWirePro: Copper faces strong resistance around 2.135, good to buy at dips
Dec 21, 2015 09:15 am UTC| Technicals
Major support -2.035 Copper has recovered till 2.120 after making a low of 2.033. It is currently trading around 2.112 The commodity has formed temporary bottom around 2.030 and any further weakness only below...

Dec 21, 2015 08:21 am UTC| Technicals
Two more bearish waves yet to appear to complete the adverse swing pattern, Yes..., GBPJPY sends more bearish messages upon the formation of shooting star after last weeks back to back spinning top pattern candles to...

FxWirePro: Strong support for AUD/JPY at 86.20, good to buy dips around 86.70
Dec 21, 2015 07:53 am UTC| Technicals
Rising channel formation seen on AUD/JPY charts, the pair has been trading within the channel since Sept 2015. AUD/JPY has held channel base support on Fridays trade and edged higher, retrace upto 87.94 (38.2% Fib of...