FxWirePro: EUR/USD key resistance at 1.1404, bearish in the short term
Oct 20, 2015 12:18 pm UTC| Technicals
EUR /USD has rebounded strongly after falling as low as 1.1322 yesterday. The has pair gained more than 60 pips and is trading in overbought condition. The resistance level at 1.1404 is set to hold the bulls from advancing...
Oct 20, 2015 11:48 am UTC| Technicals
GBP/CAD has broken major trend line resistance around 2.160 (trend line joining 2.0950 and 2.0550) and this confirms short term bullishness , a jump till 2.035 is possible . On the downside minor support is around...
FxWirePro: USD/JPY faces support around 119.20, good to buy at dips
Oct 20, 2015 11:41 am UTC| Technicals
RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.56 (Oct 6th 2015) RES 2: 120.00 (200 day HMA) RES 1: 119.70 (Trendline resistance) PRICE: 119.61 @11:40 GMT SUP 1: 118.50 (Sep 4th 2015) SUP2 : 118 SUP3 :...
FxWirePro: Gold puzzling among cyclical commodities – Collar serves long term hedging motives
Oct 20, 2015 10:51 am UTC| Technicals
Yellow metal far month contracts for December delivery on the Comex division of the NYME edged up $1.10, or 0.09%, to trade at $1,173.90 a troy ounce during European morning hours. On the back of mixed bag of US economic...

Gold breaks major trend line support around $1170, decline till $1150 is possible
Oct 20, 2015 10:13 am UTC| Technicals
Gold has made a high of $1190 and started to decline from that level. It is currently trading at $1173. It has broken strong trend line support around $1170 (trend line joining $1136 and $1151) and break below...

EUR/USD breaks minor trend line resistance, targets 1.1460
Oct 20, 2015 10:02 am UTC| Technicals
EUR/USD breaks minor trend line resistance 1.1350 (trend line joining 1.14190 and 1.1390) and this confirms minor bullishness, a jump till 1.1420/1.1460 is possible . On the downside minor support is around 1.1320 and...
FxWirePro: Place EUR/CAD option strips on trendline breach
Oct 20, 2015 08:52 am UTC| Technicals
The rationale is that any potential downswings should be optimally utilized, so to participate in that downtrend, weights in the portfolio should be doubled with ATM puts. We see more downside potential on this pair as the...