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GBP/JPY faces support at 186.25, break below targets 185

Nov 05, 2015 03:22 am UTC| Technicals

GBP/JPY is trading in narrow range 187.30 and 186.47 yesterday . The pair is currently trading at 186.84. The pairs further bullishness can be seen only above channel trend line break out (trend line joining 184.85...

FxWirePro: USD/CHF key support at 0.9857, bullish in the short term

Nov 04, 2015 19:34 pm UTC| Technicals

The USD/CHF has bounced back towards 0.9945 levels, after failing to break below 0.9849 support level. The pair has been trading in bullish trend off late and is set to continue advancing further. As long as the pair...

FxWirePro: EUR/USD key resistance level at 1.0981, bearish in the short term

Nov 04, 2015 14:54 pm UTC| Technicals

The pair found renewed bearish momentum after breaking support at 1.0925 and is declining downwards to test next support level at 1.0875. The pair is trading around 1.0899 levels and it is expected decline further towards...

FxWirePro: USD/CAD key resistance at 1.3036, upside prevails in the short term

Nov 04, 2015 14:35 pm UTC| Technicals

The pair is retreated from daily highs 1.3109 hit earlier after the release of ADP employment data, currently the pair is trying to approach resistance level at 1.3105. 1.3030 levels has been strongly supportive and is set...

FX Hedging Strategy Series

FxWirePro: Short near month CL1! Futures or arbitrage ahead of crude inventories

Nov 04, 2015 13:29 pm UTC| Technicals

Even if the unscheduled outages caused by Brazil and Libya and were to increase somewhat in the short term - according to EIA estimates, they already totaled 3.7 million barrels in September, which was their highest level...

FxWirePro: EUR/GBP breaks major support 0.7100, good to sell on rallies

Nov 04, 2015 12:23 pm UTC| Technicals

RES 4: 0.7200 RES 3: 0.7170 (200 day HMA) RES 2: 0.7120 (55 day 4H EMA) RES 1 :0.7100 (20 day 4HMA) PRICE: 0.7313 @ 12:13 GMT Sup 1: 0.7050 (78.6% retracement of 0.6938 and 0.7490) SUP 2:...

FxWirePro: USD/JPY faces strong resistance around 121.50, break above targets 122.40

Nov 04, 2015 11:50 am UTC| Technicals

RES 4: 123.10 RES 3: 122 RES 2: 121.75 (28th Aug 2015) RES 1:121.30 ( SEP 10TH HIGH) PRICE: 121.22 @11:46 GMT SUP1 :120.78 (200 day HMA) SUP 2 120.16 (38.2 % retracement of 118.05 and 121.50) ...

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