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FxWirePro: BTC/USD faces strong support around $340, good to buy at dips

Dec 02, 2015 07:47 am UTC| Technicals Digital Currency

BTC/USD has broken minor trend line support $365 and declined till $348 and it is currently trading at $353. Intraday trend is bullish as long as support $340 holds. Any break below $340 will drag the pair further...

FX Hedging Strategy Series

FxWirePro: Delta risk reversal re-ignites AUD/USD bearish trend to prolong

Dec 02, 2015 07:31 am UTC| Technicals

After the brief upswings to 0.7342, the OTC options market appears to be more balanced on the direction of the pair over next 1m to 1y time horizon as hedgers have been cautious on long term downtrend that has lasted since...

USD/CAD trades in narrow range, market awaits BOC statement for further direction

Dec 02, 2015 07:17 am UTC| Technicals

Pattern Formed - Symmetrical triangle pattern The pair has made a low of 1.3309 yesterday and recovered after weaker than expected Canadian GDP data. Canadian GDP data declined 0.5% in September versus an...

FxWirePro: 5DMA caps AUD/NZD gains, downside bias remains

Dec 02, 2015 06:42 am UTC| Technicals

AUD/NZD price action ranges within the cloud, the pair has edged lower after hitting double tops at 1.1086 (24th and 25th Nov), daily Stochs have rolled over from overbought. The pair was only marginally higher after...

FxWirePro: Don’t get bull trapped in AUD/USD, bulls seem to be exhausted, downtrend to resume

Dec 02, 2015 06:39 am UTC| Technicals

We cannot afford to say its been a reversal on long term trend unless until a clear confirmation (so for a bull call, advice is to wait until confirmation). For now it seems to be still a downtrend, this has still been...

FxWirePro: NZD/USD rangebound, takes a breather after a 2-day rally

Dec 02, 2015 05:59 am UTC| Technicals

NZD/USD trades range bound on the day 0.6680/53, likely taking a breather after two consecutive sessions of gains. The pair held support at 0.6500 in Mondays trade and edged higher to break and close above trendline...

FxWirePro: EUR/USD faces strong resistance around 1.0640, good to sell on rallies

Dec 02, 2015 05:50 am UTC| Technicals

Major intraday resistance- 1.0640 (trend line joining 1.08290 and 1.07630). Any break above 1.0640 will take the pair to next level 1.0690/1.0720. On the downside major support is around 1.0550 and any break...

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