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USD/CAD Trade Idea

Sep 30, 2015 10:37 am UTC| Technicals

USD/CAD has made a high of 1.34570 and declined from that level. It is currently trading at 1.3160 The pairs major intraday support is around 1.3403 (trend line joining 1.3172 and 1.3330) and any break below confirms...

FxWirePro: GBP/AUD consolidates in narrow range, good to buy at dips

Sep 30, 2015 10:33 am UTC| Technicals

GBP/AUD is trading in narrow range around 2.200 and 2.155 for the past two trading session. It is currently trading at 2. pairs minor resistance is around 2.200 and any break above would extend gains till...

FxWirePro: Cable continues to benefit from improving risk-on moods, good to buy dips

Sep 30, 2015 10:16 am UTC| Technicals

Cable has been trading in the 1.5800-1.5140 channel from May 2015, long-term bias remains lower A convincing breach below channel support at 1.5140 will put bears in control, the pair could slip to 1.4855 levels However,...

FxWirePro: EUR/GBP hammered below the 0.74 handle, further downside likely

Sep 30, 2015 09:32 am UTC| Technicals

EUR/GBP was hammered below the 0.74 handle, following the release of the UKs GDP report and the current account data ONS data showed that the UKs GDP stood solid at 0.7% q/q in Q2, while the current account deficit...

Loonie faces strong support around 1.3403, break below targets 1.3320

Sep 30, 2015 09:18 am UTC| Technicals

USD/CAD has made a high of 1.34570 and declined from that level. It is currently trading at 1.4160 The pairs major intraday support is around 1.3403 (trend line joining 1.3172 and 1.3330) and any break below confirms...

FxWirePro: EUR/USD forms Bullish Gartley pattern, good to buy at dips

Sep 30, 2015 07:32 am UTC| Technicals

Harmonic Pattern: Bullish Gartley pattern Potential reversal Zone (PRZ) -1.11750 EUR/USD has declined till 1.11940 yesterday after making a high of 1.12812. It is currently trading at 1.1218. The pairs major support...

FxWirePro: Buy AUD/USD risk reversal on higher IV – PRBS for hedging

Sep 30, 2015 07:11 am UTC| Technicals

With spot FX flashes of AUDUSD at 0.6995 we see delta risk reversal for 1 week contracts have shown slight recovery signals but long term (1M-1Y) put contracts are on higher demand. As you can make out from the nutshell...

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