FxWirePro: USD/JPY key support at 119.75, bullish in the short term
Oct 07, 2015 12:15 pm UTC| Technicals
USD/JPY pair has slipped sharply to hit support level at 119.75, however after failing to break support level at 119.75 the pair is making an attempt to rebound and reach higher levels. The pair is set to advance further...
FxWirePro: Scope for USD/CAD to slip below 1.30 handle, oil continues to support Loonie
Oct 07, 2015 12:08 pm UTC| Technicals
USD/CAD opened Noram markets 1.3021, -11 pips below the previous close, days range 1.2993/1.3053. Oil continues to underpin the Loonie, Brent was up +1.9%, and WTI rose +2.1% on the day Daily price action has...
FxWirePro: USD/JPY struggles to close above 121, good to buy at dips
Oct 07, 2015 11:49 am UTC| Technicals
RES 4: 122.30 RES 3: 121.75 (28th aug high) RES 2:121.30 ( SEP 10TH HIGH) RES 1: 120.30 (7 day 4 H EMA) PRICE: 120.08 @11:48 GMT SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72) SUP 2: 119.20 (Sep...

FxWirePro: Aggressive gold traders can clutch long calls on strips, risk averse can book profits
Oct 07, 2015 11:33 am UTC| Technicals
The downtrend in bullion market has been persisting and we can urge this hundred times as the negative delta risk reversal numbers shown in the above nutshell suggests downside hedging in long term has been relatively...

Oct 07, 2015 11:09 am UTC| Technicals
EUR/AUD has broken major trend line support 1.5635 which confirms short term weakness , a decline till 1.5580/1.5500 is possible . On the higher side major resistance is around 1.5715 and any break above targets 1.5750/1....

Gold faces strong trend line resistance around $1152, break above targets $1169
Oct 07, 2015 10:56 am UTC| Technicals
Gold is facing strong trend line resistance around $1152 ( trend line joining $1169 and $1156) and any break above will take the pair to next level $1160/$1169. On the downside minor support is around $1143 and any...
FxWirePro: Butterfly spread to hedge puzzling swings of CAD/JPY
Oct 07, 2015 10:31 am UTC| Technicals
As per our previous post, the prices have recovered on this pair, and now it is time for Yen back again that all chances of Yen may also still look superior over Canadian dollar in long term future but no dramatic...