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FxWirePro: Buy USD/JPY at dips around 120.95-121 with SL around 120.50 for the TP of 121.75/122

Aug 31, 2015 03:53 am UTC| Technicals

USD/JPY has made a low of 120.64 and recovered till 121.72. It is currently trading at 121.07. Overall trend is weak as long as support 120.50 holds. On the downside any break below 120.50 confirms further weakness , a...

USD/CAD likely to reach 1.40 in coming months

Aug 31, 2015 03:31 am UTC| Commentary Technicals

This weeks data releases will probably set the mood for BoCs meeting on September 9. The resilience of the Canadian consumer, together with satisfactory readings for inflation, is in line with the rhetoric of the BoC,...

FxWirePro: USD/CAD key support at 1.3171, upside prevails in the short term

Aug 28, 2015 15:03 pm UTC| Technicals

USD/CAD has retreated from 1.3300 levels and is approaching to test support level at 1.3205. A rebound is expected to take place sooner or later, as the pair is certain to reach higher levels in the short term. therefore,...

FxWirePro: USD/CAD delta risk reversal signifies upside hedging – prefer CRBS

Aug 28, 2015 13:55 pm UTC| Technicals

Since delta risk reversal of this pair divulges expensive hedging upside risks, as per the delta risk reversal computation in the money calls are overpriced premiums. In order to reduce the hedging costs, and those who...

FxWirePro: AUD/USD key resistance at 0.7250, bearish in the short term

Aug 28, 2015 13:54 pm UTC| Technicals

AUD/USD is rebounding to higher levels after hitting minor resistance at 0.7118, currently the pair is approaching to resistance level at 0.7156 fib 50%. The resistance level at 0.7183 is set to hold the bulls from...

FxWirePro: USD/CAD testing trendline support to surge again, saucer pattern suggests long term uptrend remains intact

Aug 28, 2015 13:53 pm UTC| Technicals

Currently the pair has been able to test trendline support at 1.3288 levels; if we have to compare the same with monthly plotting then we arrive with 3 black crows in a row which signals short term correction which has...

FxWirePro: GBP/USD key resistance at 1.5428, bearish in the short term

Aug 28, 2015 12:37 pm UTC| Technicals

The cable has failed to show any bullish pull back after UK GDP data was released today in the European session, as the support level at 1.5390 is broken, the pair is all set to move in quick succession towards 1.5361...

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