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FxWirePro: USD/JPY faces strong support at 123.50, further weakness only below that level

Aug 14, 2015 10:00 am UTC| Technicals

RES 4: 126.88 (161.8% retracement of 124.43 and 120.45) RES 3 : 125.85 (Jun 5th high) RES 2:125 RES 1: 124.60 ( 20 day 4HMA) PRICE: 124.23 @09:58 GMT SUP1 : 124.30 (7 day 4 HMA) SUP2 :124.10 (23.6%...

OPTIONS - EUR/USD 1month volume at five-month low

Aug 14, 2015 09:37 am UTC| Technicals

1month EUR/USD volume at 9.4 pct vs 10.4 pct Wednesday Volume fall accompanies calming of Yuan situation 9.4 pct = lowest level since early March. 8.2 pct = late Feb low Source: Thomson...

FxWirePro: EUR/GBP faces strong support at 0.7060, good to buy at dips

Aug 14, 2015 09:21 am UTC| Technicals

Chart Pattern: Cup and handle EUR/GBP has made a high of 0.7169 and slightly declined from that level. It is currently trading at 0.7135. Overall trend is still bullish as long as support 0.7060 holds. Any break...

USD/ZAR trades at 14-year high on Yuan’s devaluation, good to buy at dips

Aug 14, 2015 08:31 am UTC| Technicals

South African rand has fallen to 14 year low against USD as china devalues its currency to support a stuttering economy. Rand falls 0.6% against dollar to new 14 year low of 12.88 today. The step by Chinese central bank...

FxWirePro: EUR/JPY takes a breather from a 4-day rally, short-term correction likely

Aug 14, 2015 08:28 am UTC| Technicals

EUR remains muted on the day, positive news with respect to Greek deal or German GDP data ignored. EUR/JPY lower on the day, is now trading near 138.50 levels, days range 138.84/34. Thinning Ichi cloud and Stochs...

FxWirePro: EUR/CHF delta risk reversal indicates uptrend to persist but signifies costlier downward hedging in long term

Aug 14, 2015 08:08 am UTC| Technicals

Observe how prices were rallied last when weve shown delta risk reversal of EURCHF ATM contracts, it was comparatively lower side over next 6 months tenor and it suggested that hedging downside risks would be more...

FxWirePro: Buy GBP/JPY around 194-194.05 with SL around 193.38 for the TP of 195.80

Aug 14, 2015 07:22 am UTC| Technicals

GBP/JPY is trading in narrow range 195 and 193.40. Intraday trend is still bullish as long as support 193.40 holds. Any break below 193.40 will drag the pair further down till 193/191.95 in short term. The pairs...

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