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Cable breaks major resistance 1.4400, jump till 1.4500/1.4580 is possible

Mar 17, 2016 12:40 pm UTC| Technicals

Major resistance -1.4400 Major support 1.3450 The pair has broken major resistance around 1.4400 and jumped till 1.44253. It is currently trading around 1.43995. Intraday trend is bullish as long as support...

GBP/JPY Trade Idea

Mar 17, 2016 11:06 am UTC| Technicals

Major support 159.50 Major intraday resistance 161.05 (55 day 4 H EMA) The pair has broken major support 159.50 and declined till 159.12 It is currently trading around 159.77. Any break below 159.50...

FxWirePro: EUR/USD faces resistance 1.618% extension, good to sell on rallies

Mar 17, 2016 10:14 am UTC| Technicals

Major resistance 1.13200 (161.8% retracement of 1.1280 and 1.10578) The pair has made a high of 1.12963 and slightly decline from that level. It is currently trading around 1.12870. Intraday trend is slightly...

FxWirePro: EUR/GBP upside capped at 0.79, focus on BoE rate decision

Mar 17, 2016 09:31 am UTC| Technicals

Upbeat UK labor market and wage data, pushed EUR/GBP to a daily low of 0.7840 levels on Wednesday. The pair is firmer on the day and is now testing session highs in the vicinity of the key barrier at...

BTC/USD faces strong resistance around $425, break above targets $465

Mar 17, 2016 09:00 am UTC| Technicals

Major resistance - $425 (trend line joining $447 and $440) BTC/USD is consolidating between $421.59 and $406 for the past three trading session. It is trading around $414. Short term trend is slightly bullish as...

Silver remains well supported below key resistance at $15.72, intraday bias remains bullish

Mar 17, 2016 08:54 am UTC| Technicals

XAG/USD is currently trading at $15.68 levels. It made intraday high at $15.69 and low at $15.52 levels. Intraday bias remains bullish for the moment. On the top side, key resistance level falls at $15.72...

FX Hedging Strategy Series

FxWirePro: GBP/AUD IVs mounting, striking balance in PRBS (3:2) on HY vols optimizes hedging motives in robust downtrend

Mar 17, 2016 08:46 am UTC| Technicals

Aussie prints upbeat numbers in unemployment at 5.8% in Feb, reduced from previous 6%, whereas the jobless claims in U.K. remained unchanged. While last recent NABs business confidence survey in Australia remains at 3...

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