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Sat, May 18, 2024 09:31 PM All times are UTC

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EUR/USD Trade idea

Feb 08, 2016 10:33 am UTC| Technicals

Major support - 1.0500 (200 day MA) The pair has retreated after making a high of 1.12442. It is currently trading around 1.1138. Short term trend is bullish as long as support 1.0500 holds. Any break below...

GBP/NZD trade idea

Feb 08, 2016 10:16 am UTC| Technicals

Since the beginning of the year, Pair is well supported above NZ$2.1500 marks. On the top side, pair rejects the major resistance levels at 2.2291 levels. Intraday bias remains bearish below NZ$2.2089...

Canadian dollar continues to add strength against US dollar, good to sell on rallies

Feb 08, 2016 09:19 am UTC| Technicals

Pair is well supported below 1.39 marks and currently trading at 1.3856 levels. A break of 1.4001marks is required to confirm to bullish trend. Alternatively, current downfall will drag the parity below 1.3639...

FX Hedging Strategy Series

FxWirePro: Buy risk reversals and stay calm with EUR/JPY PRBS for hedging downside risks

Feb 08, 2016 08:52 am UTC| Technicals

The balanced gush in OTC market sentiments reveal hedging arrangements for downward risks. The negative delta risk reversal would mean the FX OTC position floods towards downside risk, as a result, puts are relatively...

FxWirePro: GBP/USD faces strong resistance around 1.4600, good to sell on rallies

Feb 08, 2016 08:40 am UTC| Technicals

Major resistance - 1.4550 (20 day MA) Cable has recovered after making a low of 1.4450. It is currently trading around 1.45265. Short term trend is slightly weak as long as resistance 1.4600 holds. Any break...

EUR/USD breaks the consolidation pattern, intraday bias remains Neutral

Feb 08, 2016 07:46 am UTC| Technicals

Pair is currently trading at $1.1143 marks. It made intraday high at $1.1149 and low at 1.1128 levels. Since the beginning of the year, Pair was trading in between $1.1050 - $1.0710 marks. After the negative US...

FxWirePro: EUR/USD faces strong support at 1.1050, good to buy at dips

Feb 08, 2016 07:23 am UTC| Technicals

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