FX Hedging Strategy Series

FxWirePro: Cable slides below wedge baseline, clears supports 1.4725 – GBP/USD trade setup

Jan 05, 2016 13:46 pm UTC| Commentary Technicals

While plotting both daily and monthly charts we have encountered with enough bearish swings with mammoth volumes show the tendency to confer trend line. To begin with New Year series the pair has broken a strong support...

Gold consolidates around 1079, bias remains bullish- long around 1079 with targets 1084/1088, SL 1073

Jan 05, 2016 13:42 pm UTC| Technicals

The yellow metal traded higher on Monday, as a wave of risk aversion due to growth worries in china and geopolitical tensions in the Middle East triggered demand for the yellow metal. The commodity inched higher...

FX Hedging Strategy Series

FxWirePro: GBP/USD under complete control of bears, OTC computations indicate further downside risks, IVs still tepid

Jan 05, 2016 12:21 pm UTC| Technicals

The pair has evidenced steep slumps about 1.70% or 250 pips exactly within 1 week. So, no panic for bears, even if we may see some abrupt bounces as major trend seems to be strongly bearish in long term, below...

EURUSD Trade Idea

Jan 05, 2016 11:52 am UTC| Technicals

Chart Pattern- Descending triangle pattern The pair has broken major support 1.0800 which confirms major trend reversal a decline till 1.07250/1.0670/1.0620. Short term trend is still weak as long as resistance...

FxWirePro: S&P 500 faces strong resistance around 2030, good to sell on rallies

Jan 05, 2016 11:51 am UTC| Technicals

Major Resistance -2030 The index has jumped till 2025 yesterday after making a low of 1987. It is currently trading around 2003. Short term trend is still weak as long as resistance 2030 holds. Any break above...

FxWirePro: EUR/GBP tests channel support post EZ inflation data, short on break below 0.7330

Jan 05, 2016 10:37 am UTC| Technicals

Markets disappointed by below estimates Euro zone CPI figures, EUR bulls spooked by disappointing numbers. Euro zone Dec CPI data came in at 0.2%, the same seen in Nov, but below expectations for a 0.4% rise, while...

Major European Indices Technical Analysis

Jan 05, 2016 09:44 am UTC| Technicals

DAX: DAX retreated after making a high of 10400 at the time of writing . Overall trend is still weak as long as resistance 10700 holds. Any break above 10700 will take the pair to next level minor resistance is...