
FxWirePro: AUD/USD struggles to extend gains beyond 0.7250, fails to benefit from metals rebound
Feb 26, 2016 06:41 am UTC| Technicals
AUD/USD has broken strong resistance at 0.72 levels, but the pair is strugling to extend gains beyond 0.7250. Price action is well above the cloud and momentum indicators along with major moving averages are biased...

FxWirePro: Hedge EUR/CAD risks via option strips in 3:2 on higher IVs with more downside potential
Feb 26, 2016 06:40 am UTC| Technicals
ATM vols have been spiking higher above 15%, the rationale is that any potential downswings should be optimally utilized to maximum extent, so to participate in that downtrend, weights in the portfolio should be increased...

FTSE100 faces strong resistance around 6065, break above targets 6129/6170
Feb 26, 2016 06:22 am UTC| Technicals
Major resistance - 6065 (Feb 17th high) Major support -5990 The index has made a high of 6051 yesterday and closed at 6049. Short term trend is slightly bullish as long as support 5990 holds. On the higher...

Indian rupee likely to fall further against US dollar, intraday bias remains neutral
Feb 26, 2016 06:18 am UTC| Technicals
Pair is currently trading at 68.77 levels. It made intraday high at 68.78 and low at 68.64 levels. Pair is likely to fall further as 20, 30 and 55D EMA heads upside. Key resistance falls at 68.84 levels. A...

FxWirePro: EUR/CAD breaks double top neckline - stay short via one touch binary put on rallies
Feb 26, 2016 06:00 am UTC| Technicals
On daily plotting, the pair has formed double top pattern with peak 1 at 1.6105 and peak 2 at 1.5913 levels. After breaking below the neckline of double top it has also slid below one more crucial supports at 1.4949...

FxWirePro: AUD/NZD breaks below daily cloud, scope for test of trendline at 1.0570
Feb 26, 2016 05:54 am UTC| Technicals
AUD/NZD extends downside after rejection at triangle top at 1.0874 in Wednesdays trade. Price action has fallen below the cloud and Stochs on daily charts have rolled over from overbought levels confirming further...

Gold faces major resistance around $1240, break above targets $1263
Feb 26, 2016 05:26 am UTC| Technicals
Major resistance - $1240 (Trend line joining $1253 and $1242) Major support - $1230 Yellow metal has made a high of $1242.94 yesterday and slightly declined from that level. It is currently trading around...