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EUR/USD Watch out for 1.0830 for further bullishness

Nov 16, 2015 09:30 am UTC| Technicals

EUR/USD has made a high of 1.08290 on Thursday and retreated from that level. It is currently trading around 1.07287. Overall trend is still weak as long as resistance 1.0830 holds. The pairs major support is...

FX Hedging Strategy Series

FxWirePro: AUD/CAD intensifying downswings eye on one touch vega puts

Nov 16, 2015 07:51 am UTC| Technicals

Both Intraday and EOD charts signal flaws in this pair that would plunge down upto 0.9452 levels. The bearish candles have been flooding from last Friday including spinning top and Doji occurred at 0.9493 and 0.9492...

FxWirePro: EUR/GBP rejected at lows, good to buy dips

Nov 16, 2015 07:31 am UTC| Technicals

Post Paris-terror attacks saw the common currency hit three-month low of 0.70227 pence against the Pound Sterling. The pair was rejected at lows, has edged above the trend-line support at 0.7040 and is currently...

FxWirePro: GBP/AUD trades in narrow range, good to sell on rallies

Nov 16, 2015 07:26 am UTC| Technicals

GBP/AUD made a low of 2.1240 yesterday and slightly recovered from that level. The pair is trading in narrow range and investor awaits UK inflation report hearings and CPI data for Oct which is to be released...

FxWirePro: EUR/JPY rebound lacks strength, could resume downside

Nov 16, 2015 07:07 am UTC| Technicals

The common currency fell to as low as 130.645 yen, its lowest since late April after the deadly attacks in Paris added to caution on the common currency. Weakening risk sentiment on falls in oil and commodity prices and...

FX Hedging Strategy Series

FxWirePro: Hedge GBP/JPY downside risks via debit put spread

Nov 16, 2015 07:05 am UTC| Technicals

Japans lackluster preliminary GDP figures give us the hints on contraction in economic growth. Last weeks reducing unemployment in U.K. leads more consumer buying sentiments which in turn signs on GBPs strength. More...

CAD/JPY breaks minor support 92, decline till 90.60 is possible

Nov 16, 2015 06:55 am UTC| Technicals

CAD/JPY has broken major support 92 and declined till 91.78. It is currently trading around 91.97. Canadian dollar is trading weak against all major pair as oil prices tumbled near $40 due fresh signs of increasing...

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