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FxWirePro: EUR/GBP faces minor support around 0.7300, good to buy at dips

Sep 28, 2015 12:16 pm UTC| Technicals

RES 4: 0.7480 (May 5th 2015) RES 3: 0.7420 RES 2: 0.7395 ( Sep 1st high) RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250) PRICE: 0.7353 @ 12:16 GMT SUP 1: 0.7300 (Sep 25th...

USD/JPY breaks minor channel support at 120.05, targets 119.25

Sep 28, 2015 12:12 pm UTC| Technicals

USD/JPY is facing minor channel support around 120.05 and any break below confirms intraday weakness, a decline till 119.20 is possible. Intraday bullishness only above 120.35 level. Any break above 120.35 will...

FxWirePro: USD/CAD spikes to 1.3378, focus on U.S. data

Sep 28, 2015 12:12 pm UTC| Technicals

USD/CAD opened Noram markets 1.3350, 12 pips higher compared to Fridays close. The pair spikes to hit days highs at 1.3378 after trading relatively muted in the Asian session, holding within the 1.3315/1.3345...

FxWirePro: Glencore share losses influence cable drop to 1.5194

Sep 28, 2015 11:48 am UTC| Technicals

Glencore shares on track for worst ever one-day drop, down in heavy volumes after bearish Investec note Investec questioned equity value for shareholders if spot metal prices do not improve and said Glencores recent...

FxWirePro: USD/JPY faces strong resistance around 121.30, good to sell on rallies

Sep 28, 2015 11:42 am UTC| Technicals

RES 4: 121.72 (28TH AUG HIGH) RES 3:121.30 ( SEP 10TH HIGH) RES 2: 121.06 (200 day 4 hma) RES 1: 120.51 (7 day 4 H EMA) PRICE: 120.11@11:28 GMT SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72) ...

Silver forms bearish BAT pattern, decline till $14 is possible

Sep 28, 2015 11:28 am UTC| Technicals

Harmonic Pattern - Bearish BAT Pattern Potential reversal Zone (PRZ) - $15.50. The commodity has recovered till $15.41 after making a low of $14.24. Overall trend is till weak as long as resistance $15.50...

What does USD/CHF delta risk reversal significantly suggest?

Sep 28, 2015 11:20 am 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 way in future. USDCHF has a neutral delta...

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