FxWirePro: USD/JPY key support at 121.97, buy deal are recommended around 122.20
Nov 24, 2015 15:01 pm UTC| Technicals
USD/JPY dropped towards 122.34 levels during early European hours. However after the US market opened the pair has rebounded strongly above 122.30 support levels and is approaching resistance level at...

FxWirePro: Aggressive bears preferring EUR/CHF backspreads i/o option strips to reduce hedging cost
Nov 24, 2015 13:58 pm UTC| Technicals
From the nutshell, 25-delta risk of reversals of EUR/CHF the second most expensive pair to be hedged for downside risks after AUDUSD as it indicates puts have been over priced. Delta risk reversals of EURCHF for next 6...

FxWirePro: Back testing of EUR/CHF risk reversals - volatility smiles suggest OTM instruments
Nov 24, 2015 13:23 pm UTC| Technicals
In a true smile, options with an at-the-money strike are priced with a lower volatility than out-of-the-money and in-the-money volatility strikes. Such market occurrences are observable in the EURCHF FX OTC market. For...

Nov 24, 2015 11:52 am UTC| Technicals
Long term harmonic Pattern: Bearish Butterfly Pattern Short term Harmonic Pattern- Bullish Cypher pattern Long term Potential Reversal Zone -101.52 (161.8% retracement of 98.33 and 93.16) Short term Potential Reversal...

FxWirePro: Glimpse on AUD/USD’s higher IV and how to beat HY vols
Nov 24, 2015 11:46 am UTC| Technicals
From the table showing implied volatility one can make out, at the money contracts of AUDUSD pair for near month expiry has been highest among G20 currency segment after EURUSD, IV is close to 12% levels for next 1m...

FxWirePro: AUD/USD outlook – heading higher amid selling pressure
Nov 24, 2015 11:29 am UTC| Technicals
Australian Dollar is facing selling pressure due weakness of its key exporting commodities such iron ore and coal. Moreover Dollar side of the leg is likely to remain well-bid heading into US Federal Reserves rate setting...

FxWirePro: CAD/JPY trades below trend line support, good to sell on rallies
Nov 24, 2015 11:25 am UTC| Technicals
CAD/JPY has once broken trend line support 92.05 (trend line joining 88.69 and 90.61) and declined till 91.65. Short term trend is bearish as long as resistance 92.50 holds. The pairs short term resistance is around...