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FxWirePro: EUR/GBP short term upswings to prevail as delta risk reversal indicates costlier hedging upside risks

Aug 18, 2015 07:34 am UTC| Technicals

As you can make out from the nutshell, bulls gaining buying interest as 1W ATM contracts showing positive flashes and this has evidenced short spikes in technical charts as well but this is yet to be confirmed in long run...

FxWirePro: GBP/USD weak ahead of UK CPI report, could test 1.5535 if data disappoints

Aug 18, 2015 07:32 am UTC| Technicals

GBP/USD continues to adjust lower as markets await UK July inflation data due 0830GMT. A disappointment in the data could weigh on the cable, pair could dip to 1.5535 (Aug 12 low) Negative UK CPI would be blow for...

FxWirePro: EUR/AUD gravestone doji likely to drag maximum 160-175 pips - prefer straps for hedging

Aug 18, 2015 07:09 am UTC| Technicals

As we can make out from the daily chart a gravestone doji with long upper shadow has shown its impact in price drops. This doji at 1.5110 is still has downside potential for about another maximum up to 160-175 pips to test...

FxWirePro: Falling wedge on AUD/JPY – BPS hedges and straddle shorting speculates

Aug 18, 2015 06:42 am UTC| Technicals

Both EOD and weekly graphs signal sideway to slightly bearish trend, the pair is currently testing a crucial support at around 91.678 levels on daily charts with the likely formation of falling wedge. More importantly a...

Cable trades weaker, market awaits UK CPI for further direction

Aug 18, 2015 06:04 am UTC| Technicals

Cable has made a high of 1.56873 and started declining from that level. Overall trend is still weak as long 1.5700 holds. Bearish invalidation only above 1.5700. It is currently trading at 1.55780 and further direction...

FxWirePro: AUD/JPY trades in narrow range, good to buy at dips

Aug 18, 2015 06:03 am UTC| Technicals

Intraday trend- neutral Short term trend- Bullish AUD/JPY is trading in narrow range 91.46-91.89 in the past two trading session. Short term trend is bullish as long as support 91 holds. On the lower side minor support...

FxWirePro: Kiwi spikes above 0.66 handle as Russia lifts NZ dairy ban

Aug 18, 2015 05:30 am UTC| Technicals

NZD surged to reclaim 0.66 handle from $0.6570 in early trade following the news of Russia partially lifting ban on NZ dairy companies. The pair looks to have recovered and once again has re-established itself above...

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