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AUD/CHF breaks major resistance 0.7315, jump till 0.7500 is possible

Nov 20, 2015 11:57 am UTC| Technicals

Break out level- 0.7315 (Jun 2015 high) The pair has broken a major resistance 0.7315 and jumped till 0.7322. It is currently trading at 0.7318. On the downside the support is around 0.7270 and break below will...

USD/JPY Trade Idea

Nov 20, 2015 11:04 am UTC| Technicals

Potential reversal Zone -122.80 (trend line joining 120.25 and 122.22) The pair has broken this level and declined till 122.62 and is currently trading around 122.75 Intraday trend is positive as long as...

FxWirePro: RSI & stochastic oscillators leading EUR/USD extended dips upto 1.05

Nov 20, 2015 10:43 am UTC| Technicals

Euro has been collapsing from the peaks of May 2014 (almost more than 78.6% Fibonacci levels). Although some stability was seen from April15 but still there is no strength in recovery to reach at least 23.6% price gains...

GBP/AUD trades below trend line support, targets 2.0800

Nov 20, 2015 10:03 am UTC| Technicals

GBP/AUD breaks major trend line support 2.130 (trend line joining 2.0788 and 2.1130) and declined till 2.1166. It is trading at 2.1180. The pair is expected to decline till 2.0800 in short term. Technically...

FxWirePro: GBP/USD forms bullish cipher pattern, good to sell on rallies

Nov 20, 2015 09:22 am UTC| Technicals

Harmonic Pattern formed - Bullish Cypher pattern Potential Reversal Zone (PRZ) - 1.5370 (Trend line joining 1.5658 and 1.5506) Cable has made high of 1.5335 and retreated from that level. Overall trend is still...

FX Hedging Strategy Series

FxWirePro: Use EUR/USD vega binary puts to trade on HY vols

Nov 20, 2015 09:13 am UTC| Technicals

As you can see from the nutshell showing implied volatilities of ATM contracts (EURUSD of next months expiries show 11.75% which is the highest among G20 majors). We recommend on speculation basis buying one touch vega...

FX Hedging Strategy Series

FxWirePro: Euro vulnerable vs dollar ahead of Fed’s policy – diagonal back spreads higher IVs and risk reversals

Nov 20, 2015 09:00 am UTC| Technicals

USD has been waiting for December month very curiously, we reckon dollar is most likely to be supported next week after FOMC minutes optimistic readiness of the board to begin the monetary normalization cycle as soon as...

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