EUR/USD forms falling wedge - Buy only above break out
Nov 26, 2015 02:50 am UTC| Technicals
Pattern formed- Falling Wedge Potential reversal Zone (PRZ) - 1.0700 (Falling wedge breakout) The pair has made a high of 1.06892 yesterday and broken major support 1.05900 and declined till 1.05660...
FxWirePro: EUR/USD key resistance at 1.0693, sell deals are recommended around 1.0670
Nov 25, 2015 17:32 pm UTC| Technicals
EUR /USD has pair has made short squeeze against US dollar by hitting high at 1.0642 during mid-morning US session, after the pair found support at 1.0565. However, the gains should be limited around 1.0670 as the...
FxWirePro: USD/CAD key support at 1.3278, buy deals are recommended around 1.3315
Nov 25, 2015 15:29 pm UTC| Technicals
The USD/CAD has rebounded back to reclaim 1.3000 levels, after briefly hitting lows earlier at 1.3278. However, in the European session the pair rebounded strongly and broke resistance level at 1.3315. Currently the...
FxWirePro: GBP/USD key resistance level at 1.5182, bearish in the short term
Nov 25, 2015 14:55 pm UTC| Technicals
GBP/USD has gained some ground on dollar to trade around 1.5097 levels in the early US session after finding support at 1.5052 levels. The ongoing weakness is set to continue for this pair as the resistance level at...
FxWirePro: Stay long in USD/TRY via debit call spread on healthy uptrend
Nov 25, 2015 14:11 pm UTC| Technicals
On swing trading perspectives, we are recommending to buy 1M 1% in the money 0.68 delta calls and simultaneously short 1w (0.5%) out of the money call with positive theta, the combined delta value should be around...
FxWirePro: USD/JPY key support at 122.22, buy deal are recommended around 122.40
Nov 25, 2015 13:59 pm UTC| Technicals
The USD/JPY pair initially slipped towards 122.20 levels during Asian session, however the pair after finding strong support at 122.24 rebounded strongly and is moving towards higher side. Currently the pair is trading...
Turkish Lira faces political and defensive pressures – USD/TRY uptrend seems to extend
Nov 25, 2015 13:43 pm UTC| Commentary Technicals
Again Turkish lira is going under mild pressure, overturning recent rallies, as a military confrontation evidenced Turkish forces shoot down a Russian fighter jet , which could potentially lead to diplomatic escalation...
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