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FxWirePro: USD/CAD key resistance at 1.3248, buy deals are recommended above 1.3100

Oct 26, 2015 14:52 pm UTC| Technicals

USD/CAD has slipped backwards after finding resistance at 1.3130 in the early US session. However, the pair is expected to rebound strongly around 1.3100 levels as the pair is strongly supported around 1.3100 psychological...

FxWirePro: GBP/USD key resistance at 1.5408, bearish in the short term

Oct 26, 2015 14:26 pm UTC| Technicals

GBP/USD has rebounded after hitting support level at 1.5126. The cable is currently trading around 1.5364 levels with oversold condition and a pullback towards 1.5400 levels can be expected. The currency pair is set to...

FxWirePro: EUR/USD key resistance at 1.1060, downside prevails in the short term

Oct 26, 2015 13:39 pm UTC| Technicals

The Euro declined against dollar in European session after the pair failed to break resistance at 1.1065. The euro slipped more than 350 pips by hitting low at 1.0994 after ECB signaled its next move on Friday. Currently...

FxWirePro: Cable faces strong support around 1.5300, good to buys at dips

Oct 26, 2015 12:44 pm UTC| Technicals

RES 4: 1.5450 RES 3: 1.5420 (23rd Oct 2015) RES 2: 1.5390 (20 day 4 HMA) RES 1: 1.5350 (trend lien resistance ) PRICE: 1.5340 @ 12:42 GMT SUP 1: 1.5305 (Oct 23rd low) SUP 2: 1.5280...

FxWirePro: Vertical spread to reduce WTI vega risks

Oct 26, 2015 12:39 pm UTC| Technicals

Lets suppose, as shown in the diagram, we have vega of at the money WTI put option at 2.47 with implied volatility at 20% which is now trading at US$104.38. This would mean that the chances of upside risks of option...

GBP/USD Trade idea

Oct 26, 2015 11:57 am UTC| Technicals

GBP/USD has made a low of 1.53057 and slightly recovered from that level. It is currently trading at 1.5335. The pair is facing trend line resistance around 1.5355 (trend line joining 1.55067 and 1.54190) and break above...

FxWirePro: USD/JPY struggles to close above 121, good to buy at dips

Oct 26, 2015 11:54 am UTC| Technicals

RES 4: 123 (161.8% retracement of 121.72 and 118.05) RES 3: 122 RES 2: 121.75 (28th Aug 2015) RES 1:121.30 ( SEP 10TH HIGH) PRICE: 120.99 @11:43 GMT SUP 1: 120.80 (Kijun-Sen) SUP 2: 120.50 (20 day...

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Economy

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Science

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Technology

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