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FxWirePro: CAD/JPY struggles break above 93.25, good to buy at dips

Nov 19, 2015 12:25 pm UTC| Technicals

CAD/JPY has once again made a high of 93.07 and declined till 92.82 at the time of writing. It is facing strong resistance around 93.25 (Oct 9th high). Short term trend reversal only above 93.25. The pairs major...

EUR/NZD Trade Idea

Nov 19, 2015 11:58 am UTC| Technicals

Break out level- 1.6375 (trend line joining 1.6213 and 1.6320) The pair has broken a major support 1.6375 and declined till 1.63469. It is currently trading at 1.63580. Any break below trend line support confirms short...

USD/JPY- Watch out for 122.80 for further weakness

Nov 19, 2015 11:37 am UTC| Technicals

USD/JPY has made a high of 123.75 and declined from that level. It is currently trading around 123.10. Overall trend is neutral and any break below 122.80 confirms slight weakness, decline till 122 is possible. On the...

FxWirePro: GBP/USD trades weaker after retail sales, sell on rallies

Nov 19, 2015 09:52 am UTC| Technicals

GBP/USD has broken 1.5250 after release of weaker than expected UK retail sales. UK Oct Retail sales decreased to -0.6% m/m compared to forecast of 0.5% Vs 1.9% in Sep and core retail sales declined to -0.9%. Decrease in...

Chart Breakout: EUR/NZD breaks 1.6375, sell on rallies

Nov 19, 2015 09:01 am UTC| Technicals

Break out level- 1.6375 (trend line joining 1.6213 and 1.6320) The pair has broken a major support 1.6375 and declined till 1.63469. It is currently trading at 1.63580. Any break below trend line support confirms short...

FX Hedging Strategy Series

FxWirePro: Dont be a scapegoat by choosing USD/JPY overpriced calls – arbitrage serves as an alternative

Nov 19, 2015 08:32 am UTC| Technicals

The implied volatility of ATM contracts for near month expiries of this the pair has been inching higher from 8.5% for 1w expiry to 9.5% for 1m expiry. NPV of 1w ATM call is 46032.85 while premiums trading above 20.33%...

FxWirePro: Daily Currency Strength Index

Nov 19, 2015 08:06 am UTC| Technicals

AUD- Strong currencyCHF,%,JPY-0.23%- Weak...

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