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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...

FxWirePro: USD/JPY faces strong support around 119.60, good to buy at dips

Oct 09, 2015 11:15 am UTC| Technicals

RES 4: 121.75 (28th aug high) RES 3:121.30 ( SEP 10TH HIGH) RES 2: 120.56 (Oct 6th 2015) RES 1: 120.20 (200 day 4 H EMA) PRICE: 120.27 @11:06 GMT SUP 1: 119.50 (38.2% retracement of 116.07 and...

FxWirePro: USD/CAD extends slide as CAD continues to benefit from higher oil prices

Oct 09, 2015 09:22 am UTC| Technicals

Oil extended gains on Friday and is set for its biggest weekly rise in over six years. Brent crude was up 60 cents at $53.65 a barrel at 0844 GMT, on track to rise 11 percent this week alone. U.S. crude was up 77...

FxWirepro: Risky traders can prefer GBP/AUD PRBS i/o strips to reduce cost - bears to extend further dips on doji formation

Oct 09, 2015 09:15 am UTC| Technicals

It is projected that the bearish gravestone doji patterns that were spotted out around 2.1552 levels on monthly charts as well as on weekly charts at around 2.1458 and again on 2.1586 levels have more downside potential....

AUD/JPY breaks major resistance 87.50, jump till 88.55 is possible

Oct 09, 2015 09:14 am UTC| Technicals

AUD/JPY has broken major resistance around 87.50 which confirms short term bullishness, a jump till 88.57 is possible. Intraday weakness can be seen only below 87.20. Any break below 87.20 will drag the pair further...

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