FxWirePro: USD/CHF hits five- year high on talk SNB will follow ECB, good to buy at dips
Nov 27, 2015 11:31 am UTC| Technicals
USD/CHF has made a five year high on talk SNB will follow ECB. The pair made a high of 1.03280 and slightly declined from that level. It is currently trading at 1.02918. SNB President told Swiss news paper that Our...
FxWirePro: GBP/USD IVs least among G7 – execute butterfly spreads via puts
Nov 27, 2015 11:05 am UTC| Technicals
Yes, cable has cleared all crucial support zones, although bearish trend is on but dont expect steep slumps. Since the cables implied volatility is still perceived to be the least within next 1w-1m time frame from other...
EUR/USD trades below 1.0600, decline below 1.0560/1.0500 is possible
Nov 27, 2015 10:52 am UTC| Technicals
EUR/USD has minor support 1.0600 and declined till 1.05770. Short term trend is weak as long as resistance 1.0640 (34 4H EMA) holds. On the higher side minor resistance is around 1.0606 and 1.0626. The pairs...
FxWirePro: Cable breaks major support after UK GDP data, good to sell on rallies
Nov 27, 2015 10:41 am UTC| Technicals
UK Q3 GDP 2nd release QOQ rose at 0.5% compared to forecast of 0.5% and YOY came at 2.3% compared to forecast of 2.3%. But business investment (2.2% vs. 0.8% exp) and private consumption (0.8% vs 0.7% exp) has...
Watchout for NZD/USD break below 0.6500 for further weakness
Nov 27, 2015 10:21 am UTC| Technicals
NZD/USD has strong support at 0.6500, a level from which the pair has bounced off multiple times since Nov 6th. The pair has dipped below the 100 DMA at 0.6539, Stochs are at neutral but show bearish...
EUR/AUD breaks minor trend line resistance, targets 1.4800
Nov 27, 2015 09:36 am UTC| Technicals
Major trend line resistance - 1.4700 (trend line joining 1.51339 and 1.4832) The pair has broken trend line resistance 1.4700 and is trading around 1.4726. Short term trend is bullish as long as support 1.46500...
Nov 27, 2015 08:47 am UTC| Technicals
NZD fell from 0.6597 to 0.6565 before steadying around 0.6570. The resumption of the US dollar uptrend should weigh on the NZD during the next few months. We target 0.62 by year end. The two main factors expected to...
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