FxWirePro: USDCAD hits fresh 12-year high, scope for further upside
Jan 18, 2016 13:42 pm UTC| Technicals
USD/CAD pair has begun the week advancing higher from Fridays close to hit high around 1.34600 levels after oil prices declined to their lowest since 2003 to hit low at $28.2 per barrel on market expectations that a jump...

FxWirePro: Offset AUD/USD turbulence with AUD/JPY - Own USD gamma and correlation
Jan 18, 2016 13:01 pm UTC| Technicals
We could still foresee the AUD biased lower over the next 3-6 months on the back of modest near term softness in commodity prices and Fed tightening (Q1 in 16 target towards 0.67), before finding some support later in the...

FxWirePro: Leveraging AUD/NZD’s downtrend - append straddles with extra ATM delta put on low IVs
Jan 18, 2016 12:33 pm UTC| Technicals
We see the AUD biased lower over the next 3-6 months on the back of modest near term softness in commodity prices and Fed tightening (1Q16 target ), before finding some support later in the year (4Q16 target ) as the terms...

Jan 18, 2016 12:05 pm UTC| Technicals
Harmonic Pattern- Bearish BAT Pattern Potential Reversal Zone (PRZ) -2.0950 GBP/CAD has made a high of 2.0920 and started to decline from that level. Overall trend is weak as long as resistance 2.0950 holds. On the...

FxWirePro: GBP/CAD forms bearish Bat Pattern, good to sell on rallies
Jan 18, 2016 10:47 am UTC| Technicals
Harmonic Pattern- Bearish BAT Pattern Potential Reversal Zone (PRZ) -2.0950 GBP/CAD has made a high of 2.0920 and started to decline from that level. Overall trend is weak as long as resistance 2.0950...

Jan 18, 2016 10:38 am UTC| Technicals
We reckon EUR/USD downtrend likely to move in narrow range based on following reasoning. When the observation on higher implied volatilities was coupled with weekly technical analysis, it triggers some sentiments for...

FxWirePro: FTSE100 faces strong resistance around 6000, good to sell on rallies
Jan 18, 2016 09:51 am UTC| Technicals
Major Support - 5700 The index has made a low of 5737 and started to recover from that level. It is currently trading around 5821. Short term trend is weak as long as resistance 6000 holds. Any break above...