FxWirePro: GBP/USD rally capped at 1.5404, focus on BoE's MPC meet (Thursday)
Sep 08, 2015 11:35 am UTC| Technicals
Sterling rose for a second day against the dollar on Tuesday, extending Mondays gains on MA news Mitsui Sumitomo Insurance said it had agreed to buy British insurer Amlin Plc in a cash deal that values the latter at about...
FxWirePro:USD/JPY faces strong resistance around 120.25, good to buy at dips
Sep 08, 2015 11:29 am UTC| Technicals
RES 4: 121.75 (28th Aug high) RES 3:121 RES 2: 120.75 (61.8% retracement of 121.75 and 119.21) RES 1: 120.25 (200 day HMA) PRICE: 119.93 @11:27 GMT SUP 1: 119.50 (20 day HMA) SUP 2: 118.78 (Sep...

FxWirePro: EUR/CAD lower channel provides strong support - straps to hedge uptrend participation
Sep 08, 2015 11:17 am UTC| Technicals
The pair has taken support at channel line 1.4800 which is quite reasonable as it was a steep spike and fall, we had earlier traced out an inverted hammer pattern candle at 1.4716 levels which is to be considered as a...

Sep 08, 2015 11:07 am UTC| Technicals
USD/CAD has broken short term trend line resistance 1.3280 and jumped till 1.3309 level. It is currently trading around 1.3249 The pairs minor resistance is around 1.3350 and any break above targets ...

FxWirePro: Silver recovers after making a low of $14.47, good to sell on rallies
Sep 08, 2015 11:05 am UTC| Technicals
Silver is trading narrow channel for past three trading session. It is facing strong support around $14.65 and any break below will drag the commodity further down till $14.45/$14 in short term. Short term trend reversal...

FxWirePro: USD/CHF faces strong support at 0.9680, good to buy at dips
Sep 08, 2015 09:16 am UTC| Technicals
USD/CHF has retreated till 0.97074 after making a high of 0.9770. Overall trend is still bullish as long as support 0.9680 holds. Any break below 0.9680 will drag the pair further down till 0.9640/0.9595. On the higher...

Sep 08, 2015 08:00 am UTC| Technicals
One can think of shorting not only on precious metals but investing in silver has proven highly riskier than gold. You can observe that from above the nutshell that runs us through volatilities of ATM contracts and delta...