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EUR/USD faces minor trend line support 1.1380, break below targets 1.1260

Oct 14, 2015 10:17 am UTC| Technicals

EUR/USD has made a high of 1.14262 today and slightly retreating from that level. It is currently trading at 1.14060. On the downside minor trend line support is around 1.1380 (trend line joining 1.1768 and 1.1238)...

Loonie breaks minor trend line support, targets 1.2900

Oct 14, 2015 09:26 am UTC| Technicals

Loonie has broken short term trend line support 1.2985 ( trend line joining 1.2900 and 1.2956) and this confirms intraday bearishness , a decline till 1.2900 cannot be ruled out. On the higher side 1.3050 is short...

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

Oct 14, 2015 08:36 am UTC| Technicals

BTC/USD has broken major resistance $245 (200 day 4 HMA) and this confirms short term bullishness, a jump till $258/$272 is possible It is currently trading at $248. Short term trend is bullish as long as support $235...

FxWirePro: Delta risk reversal signals costlier EUR/JPY downside hedging – backspreads reduce hedging cost

Oct 14, 2015 08:32 am UTC| Technicals

The current spot FX is trading at 136.448, we expect dips extending up to 132.522 levels. It is understood that bearish momentum is bolstering as we saw that from delta risk reversal table and technical indications. Hence,...

FxWirePro: EUR/USD tests trend-line resistance at 1.4202, 1.1460 in sight

Oct 14, 2015 07:57 am UTC| Technicals

EUR/USD tests trend-line resistance at 1.4202, convincing breaks above could take the pair to 1.1460 levels Risk-off, accentuated by yet another Chinese data disappointment benefiting the safe-haven status of the euro,...

EUR/NZD faces strong support around 1.7040, break below targets 1.6960

Oct 14, 2015 06:36 am UTC| Technicals

EUR/NZD has made a high of 1.71958 and declined from that level. It is currently trading at 1.7069. The pair is facing trend line support around 1.7040 (trend line joining 1.686 and 1.6976) and any break below targets...

FxWirePro: Kiwi outperforms on Fonterra’s upward revision by S&P, good to buy NZD/USD dips

Oct 14, 2015 06:11 am UTC| Technicals

The New Zealand dollar held at 0.6674 against the Greenback, after having dropped 1.1 percent on Tuesday NZD/USD briefly dipped after RBNZ Governor Graeme Wheeler reiterated that further easing in the cash rate seemed...

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