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Major Asian Indices Technical Analysis

Jan 04, 2016 03:01 am UTC| Technicals

Hang Seng: Hang Seng has broken minor support 21700 which confirms minor trend reversal a decline till 20900 is possible. It is currently trading around 21395 The index resistance is at 21800 and any indicative...

FxWirePro: EUR/USD key resistance level at 1.0965, bearish in the short term

Dec 31, 2015 14:48 pm UTC| Technicals

The pair found renewed bearish momentum after breaking support at 1.0909 and is declining downwards to test next support level at 1.0853. The pair is trading around 1.0884 levels and it is expected decline further...

FX Hedging Strategy Series

FxWirePro: EUR/CAD trade with strips and hedge with collars

Dec 31, 2015 10:58 am UTC| Technicals

From last 2 weeks price jump in EURCAD has stalled resistance of 1.53 levels, once again this week prices have dropped just below 1.53 areas suggesting that EURCAD seems vulnerable for some decline lower if it holds this...

FxWirePro: Spinning top and Doji at resistance signal EUR/CAD bearish sentiments – expect 23.6% fibo retracements

Dec 31, 2015 10:35 am UTC| Technicals

It is spotted out a long legged doji and spinning top pattern candles formed on weekly charts of EURCAD to highlight a caution for bulls. As you can observe spinning top and doji on weekly charts has occurred exactly at...

FX Hedging Strategy Series

FxWirePro: Hedge Swedish headline Inflation and wage negotiation in Q1 2016 – stay positioned in EUR/SEK via credit spreads

Dec 31, 2015 09:50 am UTC| Technicals

As begin with 2016 wage and inflation come into focus, so will the next major wage round scheduled next year. Agreements covering around 3 million employees (63% of labor force) in the private and public sector will...

GBPAUD Trade idea

Dec 31, 2015 08:52 am UTC| Technicals

Major support - 2.030 (Dec 3rd 2015 high) The pair has broken major support 2.030 which confirms short term weakness , decline till 1.9800 is possible. On the higher side major resistance is around 2.070 and...

GBP/CHF faces trend line resistance around 1.4720, break above targets 1.4795

Dec 31, 2015 08:35 am UTC| Technicals

GBP/CHF has formed a temporary bottom around 1.45990 and started to recover slightly from that level. It is currently trading around 1.4670. On the higher side major resistance is around 1.47150 (trend line joining...

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