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FxWirePro: EUR/USD key resistance at 1.0900, sell deals are recommended around 1.0850

Jan 13, 2016 14:33 pm UTC| Technicals

EUR/USD has lost some ground to dollar to trade around 1.0830 levels in the early US session after breaking below 1.0853 support level. The ongoing weakness is set to continue for this pair as the resistance level at...

FX Hedging Strategy Series

FxWirePro: WTI’s buying interests in short run on EIA’s inventory check – bears held stronger in medium term

Jan 13, 2016 14:15 pm UTC| Technicals

The U.S. Energy Information Administration is lined up to report inventories in US crude, we saw -5.1M massive decline its last weekly release. Technical Glimpse: it has found support at lower channel at around 30.50,...

GBP/USD declines to 5-1/2-year low , more downside expected

Jan 13, 2016 13:55 pm UTC| Technicals

GBP/USD slipped to 5 -1/2 year low on Tuesday as the greenback rose against sterling following soft UK industrial output data. The GBP/USD pair made modest gain in early European session hitting as high as 1.4470 but was...

FX Hedging Strategy Series

FxWirePro: AUD/CAD intensifies short term speculation with binary vega puts and long term hedging with condor spreads

Jan 13, 2016 13:25 pm UTC| Technicals

We could sense some sort of weakness in the pair on both daily and weekly charts suggest as the RSI is a clear divergence with the rising prices. The shooting star formed on weekly graph at 1.0074 levels. While stochastic...

FX Hedging Strategy Series

FxWirePro: Use AUD/USD upswings for ideal entries for short build ups but don’t be bull trapped

Jan 13, 2016 11:58 am UTC| Technicals

It has tested supports at 0.6930 levels to bounce back with leading oscillators showing positive convergence. Previous to which it has also shown rising volumes on declining prices would bring in more downside potential...

USD/CHF breaks minor resistance 1.00350, targets 1.01250/1.0180

Jan 13, 2016 09:41 am UTC| Technicals

USD/CHF has broken major resistance 1.00350 and jumped till 1.00650. Short term trend is slightly bullish as long as support 0.9960 holds. The pair has made a low of 0.9960 yesterday and recovered from that level. It...

FxWirePro: GBP/AUD faces strong resistance at 2.095, good to sell on rallies

Jan 13, 2016 08:46 am UTC| Technicals

GBP/AUD has broken trend line support 2.052 and declined till 2.0478. It is currently trading at 2.0520. Short term trend is still weak as long as resistance 2.095 holds. On the lower side major support is...

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Technology

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