
FxWirePro: USD/CHF still non directional – Iron condor spread hedges as reducing IV in long run
Sep 28, 2015 11:17 am UTC| Technicals
On daily chart, this pair has been moving in a straight line direction, implied volatility of ATM contracts are also suggesting a very lackluster movement in the months to come. It has been gradually reducing to 10%, while...

FxWirePro: Gold forms bearish cypher pattern, good to sell on rallies
Sep 28, 2015 10:56 am UTC| Technicals
Harmonic pattern formed- Bearish Cypher pattern Potential Reversal Zone (PRZ)- $1160 Gold has recovered after making a low of $1121 on Tuesday. It is currently trading at $1136. Overall trend is weak as long...

Sep 28, 2015 10:28 am UTC| Technicals
GBP/JPY has broken minor support 182.75 which confirms intraday weakness, a decline till 181.70 cannot be ruled out. Intraday bullishness can be seen only above 183.50 and break above 183.20 will take the pair to...
FxWirePro: GBP/USD tests hourly cloud top resistance at 1.5239
Sep 28, 2015 09:34 am UTC| Technicals
GBP/USD takes channel support, edges higher to hit session highs at 1.5241, 1.5260 next target in view. Daily stochs are at oversold, and on the verge of a bullish crossover, increasing chances of a short-term...

FxWirePro: USD/CHF struggles to close above 0.9800, good to buy at dips
Sep 28, 2015 09:11 am UTC| Technicals
USD/CHF has made a high of 0.9840 and slightly decline from that level. Overall trend is still bullish as long as support 0.9650 holds. On the downside any break below 0.9650 will drag the pair further down till...

FxWirePro: EUR/AUD drifting along channel line despite bearish patterns
Sep 28, 2015 08:21 am UTC| Technicals
Our observation glimpses that this month EURAUD has been lingering along with the channel line support despite the breaches of this channel line support occurred quite a few times at around 1.5695 levels but still...
FxWirePro: EUR/USD rejected at 1.1214, eases below 200 DMA
Sep 28, 2015 07:56 am UTC| Technicals
EUR/USD was earlier rejected at days high by 1.1214, slips below 200 DMA at 1.1185. Major European indices opened in the red, further weighing on the pair The pair failed to sustain recent breaks under 55 DMA (...