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FxWirePro: EUR/NZD struggles to close above 1.6500, good to buy at dips

Nov 09, 2015 12:23 pm UTC| Technicals

EUR/NZD has made a low of 1.6340 and recovered from that level. It has broken short term trend line resistance around 1.6400 (trend line joining 1.7189 and 1.6586) and break above confirms short term bullishness, a jump...

FxWirePro: EUR/JPY outlook – forming key support

Nov 09, 2015 12:05 pm UTC| Technicals

Euro is forming a key base against Yen over the past few days and Euro isnt such a bad performer against Pound and Yen, compared to Dollar. As a matter of fact, Euro was able to close positive against Pound last week and...

FxWirePro: EUR/USD faces strong resistance around 1.0807, good to sell on rallies

Nov 09, 2015 11:51 am UTC| Technicals

EUR/USD has recovered till 1.07899 at the time of writing after making a low of 1.07060. The pairs resistance zone is around 1.0800-1.08070 (Jul 20th low -Support turned into resistance) and any break above targets...

FxWirePro: EUR/GBP rejected at cloud base, test of 0.7041 likely

Nov 09, 2015 11:28 am UTC| Technicals

EUR/GBP was rejected at cloud base by 0.7196 on Friday. The pair has retraced from 0.7196 levels, was modestly bid in Asia, 0.7126 - 0.7146 range and is currently trading at 0.7141. Techs continue to suggest that...

FxWirePro: Gold faces strong support around $1080, good to buy at dips

Nov 09, 2015 11:11 am UTC| Technicals

Gold has recovered after making a low of $1085 on Friday. It is currently trading at $1094. Short term bounce back till $1120 is expected as long as support $1178 holds. On the lower side minor support are...

GBP/JPY Trade Idea

Nov 09, 2015 10:47 am UTC| Technicals

GBP/JPY has recovered after making a low of 184. term trend is still bullish as long as 184.30 holds. Any break below 184.30 will drag the pair till 183.90/183.40. The pairs minor support is around 185.70 and...

FX Hedging Strategy Series

FxWirePro: AUD/USD put writers on upper hand favoured by IV - use rallies to deploy shorts in PRBS

Nov 09, 2015 10:38 am UTC| Technicals

As you can observe from the diagram the implied volatility for near month at the money contracts of this APAC pair has been highest among G20 currency pool after EURUSD and is seen 11.5% for 1w expiry. While delta risk...

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