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FxWirePro: USD/JPY key support at 122.44, buy deal are recommended around 122.50

Nov 13, 2015 15:14 pm UTC| Technicals

USD/JPY dropped towards 122.45 levels after the release of retail sales data from US market. However the pair rebounded after finding support around 122.42 levels and is consolidating around 122.50 to reach higher levels....

FX Hedging Strategy Series

FxWirePro: Place condor spreads on EUR/CHF lower IVs

Nov 13, 2015 13:40 pm UTC| Technicals

We predict marginal downswings on daily charts with clear converging signals from RSI (14) and stochastic curves. Although there is no trace of drastic or dramatic movements on either side we still sense some sort of...

How Strong Major Pairs Are Today

Nov 13, 2015 12:51 pm UTC| Technicals

Currency which is positive- GBP (+4) Very Weak Currency- NZD Weak Currency- CAD (-4) It is Good to long on slightly strong vs Weak currency - GBP/NZD Good to take long on Most stronger (AUD) VS weaker currency...

How Strong Major Pairs Are Today

Nov 13, 2015 12:45 pm UTC| Technicals

Currency which is positive- GBP (+4) Very Weak Currency- NZD Weak Currency- CAD (-4) It is Good to long on slightly strong vs Weak currency - GBP/NZD Good to take long on Most stronger (AUD) VS weaker currency...

FxWirePro: GBP/USD struggles to close above 1.5200, good to buy at dips

Nov 13, 2015 11:58 am UTC| Technicals

Cable recovered till 1.5246 yesterday and retreated till 1.5176. It is currently trading at 1.52180. On the higher side major resistance is around 1.5262 and break above will take the pair to new level till 1.5300/1.5360...

FxWirePro: Watchout for AUD/NZD weekly close above 1.0895 to confirm bullish bias

Nov 13, 2015 11:46 am UTC| Technicals

AUD/NZD trades above its wide range channel (between 1.0895 and 1st July highs of 1.1429). AUD has been surprisingly resilient today despite plunge in commodities. The pair has broken above 55 DMA at 1.0923 and is...

NZD/CAD trade idea

Nov 13, 2015 11:00 am UTC| Technicals

Potential Reversal Zone (PRZ) - 0.8705 Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level. The pair is...

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