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NZD/CAD trade idea

Nov 13, 2015 11:00 am UTC| Technicals

Potential Reversal Zone (PRZ) - 0.8705 Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level. The pair is...

FxWirePro: GBP/AUD consolidates in narrow range, good to sell on rallies

Nov 13, 2015 08:09 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 market awaits UK CPI data and RBA monetary policy minutes meeting which is to be released next...

FxWirePro: More dips likely for NZD/JPY – combine ATM and OTM contracts in put ladders

Nov 13, 2015 07:42 am UTC| Technicals

We continue to maintain bearish stance in long run, while if any abrupt short term upswings could also to be monitored and utilized by below strategy. We kept reiterating that this pair seems to be unlikely to sustain...

FxWirePro: EUR/JPY bearish structure reaffirmed, short rallies around 132.50, target 131.50

Nov 13, 2015 07:41 am UTC| Technicals

EUR/JPY is persistently trading below trendline support at 133.30 after breaking below on Oct 27th. Daily Tenkan kijun lines are negative aligned, reinforcing the bearish structure, bearish trend is technically...

FxWirePro: BTC/USD faces strong resistance around $350, good to sell on rallies

Nov 13, 2015 07:18 am UTC| Technicals Digital Currency

BTC/USD has recovered till $344 after making a low of $2394. It is currently trading around $337. Short term trend is still bearish as long as resistance $370 holds. On the downside major support is around $300 and...

FX Hedging Strategy Series

FxWirePro: NZD/JPY breaking 80.250, under stress upon hanging man formation

Nov 13, 2015 07:07 am UTC| Technicals

We kept reiterating that this pair seems to be unlikely to sustain previous crucial supports at 80.250 levels, yesterday it has closed below these levels at 80.193. Although it has made an attempt to bounce back to hold...

NZD/CAD faces strong resistance around 0.8705, break above targets 0.8750/0.8790

Nov 13, 2015 06:27 am UTC| Technicals

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