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DAX breaks minor resistance 8965, targets 9195

Feb 10, 2016 09:15 am UTC| Technicals

Minor resistance - 8966 (7 day 4H EMA) Major support -8800 DAX has broken minor resistance 8966 and jumped till 9025 at the time of writing . It is currently trading around 9023. On the higher side any break...

FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

Feb 10, 2016 08:56 am UTC| Technicals Digital Currency

BTC/USD is trading in narrow range between $369-$380. It is currently trading around $373. Short term trend is slightly bullish as long as support $350 holds. On the higher side the pair is facing strong resistance...

FX Hedging Strategy Series

Lagging indicators and volumes substantiate AUD/CAD’s slumps - Speculate with binary calls and hedge with debit spreads

Feb 10, 2016 08:36 am UTC| Technicals

Daily and Weekly charts are still popping up selling signals in this pair that may slide down again after testing channel supports at 0.9711 levels. As shown on the daily charts, as the pair seems unlikely to break and...

Gold faces major resistance around $1205, break above targets $1258/$1300

Feb 10, 2016 07:28 am UTC| Technicals

Major resistance -$1205 (trend line joining $1387 and $1307) Major support - $1148 (55 W EMA) The commodity has made a high of $1200 and slightly declined from that level. It is currently trading around...

Euro fails to sustain above 1.13marks, intraday bias remain bullish

Feb 10, 2016 07:28 am UTC| Technicals

Pair is currently trading around $1.1282 levels. It made intraday high at $1.1311 and low at $1.1277 levels. The euro currency significantly rose against the greenback on Tuesday, spiking to the lowest point since...

GBP/USD faces minor resistance at 1.4490, break above targets 1.4580/1.4600

Feb 10, 2016 06:54 am UTC| Technicals

Minor resistance - 1.4490 (trend line joining 1.4580 and 1.45154) Minor support - 1.4420 (trend line joining 1.4149 and 1.4350) The pair is facing strong resistance around 1.4490 and break below confirms minor...

FX Hedging Strategy Series

FxWirePro: NZD seems vulnerable on trade terms – hedge with delta option combinations

Feb 10, 2016 06:37 am UTC| Technicals

Of the non-oil commodity exporters, NZD and ZAR should be the weakest. New Zealands current account deficit will probably balloon from -4% to at least -6% in the months to come on lower dairy prices and still-strong import...

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