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Cable take support near trendline, targets 1.5140

Nov 09, 2015 03:00 am UTC| Technicals

Cable has declined till 1.5027 after release of better than expected US Non Farm payroll. It is currently trading around 1.50655. The pair has taken support near trend line support around 1.5016 (trend line joining...

FxWirePro: USD/CHF key support at 0.9930, bullish in the short term

Nov 06, 2015 14:21 pm UTC| Technicals

The USD/CHF has jumped towards 1.0072 levels after the release of better than US jobs numbers expected. The pair has been trading in bullish trend off late and is set to continue advancing further, as long as the pair...

FxWirePro: USD/JPY key support at 121.91, buy deal are recommended around 122.40

Nov 06, 2015 14:06 pm UTC| Technicals

USD/JPY has strongly surged towards higher levels after the release of positive nonfarm payroll data and is bouncing above to test resistance level at 123.15, the support level at 122.52 set to hold the bears from falling...

FxWirePro: USD/CAD key support at 1.3200, bullish in the short term

Nov 06, 2015 13:56 pm UTC| Technicals

USD/CAD pair has jumped towards 1.3272 after the release positive Non-farm payroll data . Currently the pair is making an attempt to reach resistance level at 1.3272. Canadian dollar is set to reach higher level, as the...

FX Hedging Strategy Series

FxWirePro: Cable weakness deepening as risk reversals indicate downside risks - buy debit put spread for hedging

Nov 06, 2015 12:43 pm UTC| Technicals

Delta risk reversal indicates downside hedging has been costlier. While GBPUSD Spot FX is at 1.5135, NPV of ATM Puts is 685.83, premiums are trading 17.22% higher than NPV at USD 803.96 with IV at 8.20%. 2% OTM put...

EUR/CAD Trade Idea

Nov 06, 2015 12:12 pm UTC| Technicals

EUR/CAD has made a low of 1.4270 yesterday and started to recover from that level. It is currently trading around 1.4320. The pair has broken major trend line resistance 1.4323 (trend line joining 1.4906 and 1.4667) and...

USD/CAD breaks minor resistance 1.3190, jump till 1.3275 is possible

Nov 06, 2015 11:58 am UTC| Technicals

Lonnie breaks major resistance1.3190 and jump around 1.3240/1.3275 is possible. Short term weakness can be seen only below 1.3140. Any break below 1.3140 will drag the pair down till 1.3100/1.3060. Overall weakness only...

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