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FxWirePro: 0.9840 strong support for AUD/CAD, weakness only on breaks below

Jan 27, 2016 06:55 am UTC| Technicals

AUD/CAD tests trendline resistance at 0.9940, unable to break higher, edges lower to currently trade at 0.9922. The pair trades a falling triangle pattern and is awaiting a breakout for further direction. AUD/CAD is...

FX Hedging Strategy Series

FxWirePro: ITM shorts in AUD/JPY put ratio back spreads to beat higher IV

Jan 27, 2016 06:47 am UTC| Technicals

Technical glance: This APAC pair is most likely to retest resistance (at 83.495 region) on daily charts, we also consider this as whipshaw at this resistance level on EOD graphs as its been hanging around that resistance...

Dovish Fed to push Gold prices further higher

Jan 27, 2016 06:33 am UTC| Technicals Central Banks

Gold has broken major resistance $1113 and jumped till $1122. It is currently trading around $1120. Market awaits for Fed monetary policy today for further bullishness. Fed announced their first rate hike in Dec and...

USD/CAD likely to find support above $1.4100 levels

Jan 27, 2016 06:33 am UTC| Technicals

The pull back from 1.4689 resumed after brief recovery and intraday bias is back on the downside. 1.4689 short terms top are viewed as a consolidative pattern. Downside to be contained by 1.40/1.3815 support...

FxWirePro: AUD/JPY holds crucial resistance at 83.495 – short term opportunities for bulls but bearish trend may resume in medium term

Jan 27, 2016 06:19 am UTC| Technicals

This APAC pair is most likely to retest resistance (at 83.495 region) on daily charts, you can figure out from the chart that the red circled areas served as the strong supply levels for this pair couple of times in the...

NZD/USD slips below $0.65 mark, FOMC and RBNZ statements in focus

Jan 27, 2016 05:41 am UTC| Technicals

Pair is currently trading at $0.6483 levels, made intraday high at $0.6516 and low at $0.6474. The long awaited meeting of RBNZ is widely expected to bring no change to the record low interest rates, but the tone and...

GBP/USD trades well above 1.4300, jump till 1.4500 is possible

Jan 27, 2016 05:40 am UTC| Technicals

Cable made a low of 1.4170 yesterday and started to recover from that level. It is currently trading around 1.43466. The pair has broken major resistance 1.4270 (tenken-Sen) and jumped till 1.43670. On the top...

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Technology

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