FxWirePro: EUR/CAD rallies seem exhausted - collars for hedging
Nov 16, 2015 09:54 am UTC| Technicals
We had earlier also traced out bearish indications to head towards 1.4355 and even the levels up to 1.4150. As the highs of 1.4387 are once again rejected at trendline resistance (see circled area). For now the pair is...
FxWirePro:AUD/CAD forms Bearish BAT Pattern, good to sell on rallies
Nov 16, 2015 09:32 am UTC| Technicals
Harmonic Pattern formed- Bearish BAT Pattern Potential Reversal Zone (PRZ)-0.9550 Any break above PRZ will take the pair to 0.9578/0.9620 level. On the downside minor support is around 0.9450 and break below...
EUR/USD Watch out for 1.0830 for further bullishness
Nov 16, 2015 09:30 am UTC| Technicals
EUR/USD has made a high of 1.08290 on Thursday and retreated from that level. It is currently trading around 1.07287. Overall trend is still weak as long as resistance 1.0830 holds. The pairs major support is...
FxWirePro: AUD/CAD intensifying downswings eye on one touch vega puts
Nov 16, 2015 07:51 am UTC| Technicals
Both Intraday and EOD charts signal flaws in this pair that would plunge down upto 0.9452 levels. The bearish candles have been flooding from last Friday including spinning top and Doji occurred at 0.9493 and 0.9492...
FxWirePro: EUR/GBP rejected at lows, good to buy dips
Nov 16, 2015 07:31 am UTC| Technicals
Post Paris-terror attacks saw the common currency hit three-month low of 0.70227 pence against the Pound Sterling. The pair was rejected at lows, has edged above the trend-line support at 0.7040 and is currently...
FxWirePro: GBP/AUD trades in narrow range, good to sell on rallies
Nov 16, 2015 07:26 am UTC| Technicals
GBP/AUD made a low of 2.1240 yesterday and slightly recovered from that level. The pair is trading in narrow range and investor awaits UK inflation report hearings and CPI data for Oct which is to be released...
FxWirePro: EUR/JPY rebound lacks strength, could resume downside
Nov 16, 2015 07:07 am UTC| Technicals
The common currency fell to as low as 130.645 yen, its lowest since late April after the deadly attacks in Paris added to caution on the common currency. Weakening risk sentiment on falls in oil and commodity prices and...
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