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FX Hedging Strategy Series

FxWirePro: "Don't jump guns to initiate GBP/JPY longs as no clear confirmation", buy high/above binary upon short term potential recovery

Mar 02, 2016 06:45 am UTC| Technicals

With the below technical reasoning, we think arresting potential downside risks of this pair by hedging through Put Ratio back Spread. For now it is reckoned that the underlying currency GBPJPY to make a large move on the...

BTC/USD faces strong resistance at $450, break above targets $465/$502

Mar 02, 2016 06:43 am UTC| Technicals Digital Currency

Major resistance - $450 BTC/USD has made a high of $440 and slightly retreated from that level. It is trading around $432.57. Short term trend is still bullish as long as support $400 holds. Any break below...

FxWirePro: CAD/JPY forms Bearish Gartley pattern, good to sell on rallies

Mar 02, 2016 06:21 am UTC| Technicals

Harmonic Pattern- Bearish Gartley Pattern Potential Reversal Zone (PRZ) - 85.50 The pair has made a high of 85.25 and slightly retreated from that level. It is currently trading around 84.85. Short term...

FX Hedging Strategy Series

FxWirePro: GBP/JPY may collapse further - use ATM delta instruments for fresh backspreads to hedge

Mar 02, 2016 06:13 am UTC| Technicals

GBP depreciated about 3% on a trade-weighted basis last week and is now slightly undervalued (2%), as perceptions of EU exit risk increased even though PM Cameron achieved an improved agreement with EU leaders and...

FxWirePro: NZD/JPY edges lower from session highs at 75.92, sees strong resistance at 76 levels

Mar 02, 2016 06:00 am UTC| Technicals

NZD/JPY remains stuck in its multi-week range of 76.84-73.54 although recent signs point to a test of the downside ahead. The pair sees strong trendline resistance at 76 levels, has on the day edged lower from...

Gold fails to break key resistance levels at $1248, intraday bias remains slightly bearish

Mar 02, 2016 06:00 am UTC| Technicals

Pair is currently trading at $1226 levels. It made intraday high at $1232 and low at $1224 levels. Pair likely to consolidate below $1248 marks and intraday bias remains slightly bearish for the moment. A...

GBP/JPY breaks major trend line resistance, targets 160.70

Mar 02, 2016 05:39 am UTC| Technicals

Major resistance - 158.80 (trend line joining 175.05 and 173.73) Major support - 158 (55 day H EMA) GBP/JPY has broken major resistance 158.80 and jumped till 159.50. It is currently trading around...

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