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XAG/USD short term outlook

Feb 26, 2016 11:03 am UTC| Technicals

Pair is currently trading at $15.05 levels. It made intraday high at $15.22 and low $14.99 levels. A recent rebound from $15.94 level is likely to hold the currency around $15.00 marks. Alternatively, a...

FX Hedging Strategy Series

FxWirePro: KRW rout likely to continue despite trade surplus -hedging perspectives

Feb 26, 2016 10:39 am UTC| Technicals

KRW was the worst performing Asian currency since the start of November, losing 3.9% against the USD. Broadly, the domestic data over this period has been disappointing. South Korea recorded a trade surplus of USD 5.3...

CAD/JPY faces strong resistance around 83.60, break above targets 84.70/85.30

Feb 26, 2016 10:39 am UTC| Technicals

Pattern Formed -Cup and handle Major resistance -83.60 The pair has slightly retreated till 83.13 after making a high 83.595. It is currently trading around 83.52. Short term trend is bullish as long as...

FxWirePro: Buy NZD/CAD breakout above 0.9175, bullish invalidation below 0.9075

Feb 26, 2016 10:00 am UTC| Technicals

NZD/CAD has been trading a symmetric triangle pattern, awaiting breakout for further direction. The pair is holding above strong trendline support at 0.9075, breaks below could take the pair to 0.9050...

Norwegian krone turns positive after favourable job data report

Feb 26, 2016 09:54 am UTC| Technicals

EUR/NOK is currently trading at 9.5110 levels. It made intraday high at 9.5199 and low at 9.4946 levels. Norways unemployment rate remains unchanged at 3.3% but unemployment change falls to 101.01K from...

FxWirePro: EUR/JPY sees strong support at 123.30 levels, weakness only on breaks below

Feb 26, 2016 09:25 am UTC| Technicals

EUR/JPY rejected at days high at 125, edges lower to currently trade around 124.27 levels. The pair is holding above 5-DMA at 124.05, breaks below could see tests of 123.30 (strong trendline support). The pair...

FxWirePro: GBP/USD struggles to break above 1.4020, good to sell on rallies

Feb 26, 2016 09:19 am UTC| Technicals

Minor resistance -1.4020 Major resistance -1.4085 The pair has recovered from the low of 1.38780 till 1.40194 time of writing. Short term trend is still weak as long as resistance 1.40850 holds. On the lower...

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