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GBP/AUD Trade idea

Dec 23, 2015 10:47 am UTC| Technicals

GBP/AUD has declined till 2.046 after making high of 2.09670 on Friday. It is currently trading at 2.0496. On the lower side minor support is around 2.050 and any break below targets 2.030/2. The pairs resistance...

FxWirePro: Loonie struggles to close above 1.4000, good to sell on rallies

Dec 23, 2015 10:44 am UTC| Technicals

The pair has broken trend line support 1.3930 (trend line joining 1.3314 and 1.3673) and declined till 1.93150. Intraday trend is slightly weak as long as resistance 1.3960 holds. Any break above 1.3960 will take the...

FxWirePro: Copper faces strong support around 2.090, good to buy at dips

Dec 23, 2015 09:54 am UTC| Technicals

Major intraday support -2.090 (55 day 4 H EMA) Copper has major resistance 2.135 and jumped till 2.141. It is currently trading around 2.125 The commodity has declined till 2.100 yesterday and slightly recovering...

FxWirePro: Gold faces strong resistance around $1100, good to sell on rallies

Dec 23, 2015 09:14 am UTC| Technicals

Gold has recovered till $1081 from the low of $1046 and is currently trading around $1072. Short trend is still weak as long as resistance $1100 holds. Any break above $1100 will take the commodity till $1120/$...

FX Hedging Strategy Series

FxWirePro: EUR/AUD bulls seem to be freezed in sideways but high yield IVs offer put writers’ opportunities

Dec 23, 2015 08:20 am UTC| Technicals

On the verge of French consumer spending and Italian retail sales, today Euros has been edgy hampering its recent gains again.The Euro zone aggregate preceded by French and German figures.Furthermore, ZEW index for...

FX Hedging Strategy Series

FxWirePro: Butterfly spreads to monitor CAD/JPY’s intermediate swings ahead of Canadian GDP and retail sales

Dec 23, 2015 07:02 am UTC| Technicals

Hedging Frameworks: Butterfly Spreads (CADJPY) The prime time for Yen tightening its gains back again but slight chances of bounces cannot be ruled out, but some dramatic differences in prices on either direction is...

FxWirePro: GBP/AUD struggles to break above 2.100, good to sell on rallies

Dec 23, 2015 06:51 am UTC| Technicals

GBP/AUD has declined till 2.046 after making high of 2.09670 on Friday. It is currently trading at 2.0496. On the lower side minor support is around 2.050 and any break below targets 2.030/2. The pairs resistance...

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