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FxWirePro: EUR/USD key support at 1.1315, bullish in the short term

Oct 09, 2015 14:12 pm UTC| Technicals

EUR /USD pair inched higher against US dollar by hitting high at 1.1377 during mid-European hours, after buyers stepped. However, the pair slipped back towards 1.3340 levels after US session opened.The support level at...

FxWirePro: USD/CAD key resistance at 1.3018, sell deals are recommended below 1.3000

Oct 09, 2015 13:10 pm UTC| Technicals

USD/CAD has rebounded back towards 1.2969 levels, after failing to break support level at 1.2900. Currently the pair is making an attempt to reach resistance level at 1.3018, the resistance level at 1.3018 is set to hold...

FxWirePro: GBP/USD key support at 1.5280, bullish in the short term

Oct 09, 2015 12:43 pm UTC| Technicals

GBP/USD has slipped sharply towards 1.5322 after making a brief surge towards 1.5374 in the early European session. The currency pair is set to consolidate above 1.5280 levels and move towards 1.5450 levels, as GPB/USD...

USD/CHF Trade Idea

Oct 09, 2015 12:13 pm UTC| Technicals

Pattern Formed - Big M pattern Potential Reversal Zone (PRZ) - 0.9740 USD/CHF has declined till 0.9623 after FOMC minutes released overnight shows that there will be further delay in Fed rate hike. It is currently...

Gold breaks major resistance at $1154, jump above target $1169

Oct 09, 2015 12:12 pm 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: EUR/GBP faces major support around 0.7320, good to buy at dips

Oct 09, 2015 11:58 am UTC| Technicals

RES 4:0.7520 RES 3: 0.7480 (May 5th 2015) RES 2: 0.7450 (Oct 2nd 2015) RES 1: 0.7420 PRICE: 0.7415 @ 11:49 GMT SUP 1: 0.7340 (38% retracement of 0.7195 and 0.74425) SUP 2: 0.7320 (200 day...

FxWirePro: Deploy put butterfly spreads on GBP/USD’s low volatility

Oct 09, 2015 11:45 am UTC| Technicals

The trader can implement this strategy using put options now with similar maturities to deal with lower implied volatility. Construct a butterfly spreads using puts as delta risk reversal has shifted market sentiments...

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