
GBP/JPY forms Bullish Cypher pattern, good to sell on rallies
Nov 03, 2015 03:11 am UTC| Technicals
Harmonic Pattern Formed- Bullish Cypher pattern Potential reversal Zone (PRZ)- 187 The Pair has made a high of 186.97 and started to retreat from that level. Overall trend is still bearish as long as resistance...
FxWirePro: USD/JPY key support at 120.33, bullish in the short term
Nov 02, 2015 19:42 pm UTC| Technicals
USD/JPY has rebounded strongly after hitting support level at 120.24 in the Asian session and is bouncing to test resistance level at 120.76, the support level at 120.33 set to hold the bears from falling further below and...
FxWirePro: EUR/USD key resistance at 1.1141, bearish in the short term
Nov 02, 2015 19:01 pm UTC| Technicals
EUR /USD pair gave back some earlier gains in todays US session after US manufacturing data printed positive figures. The pair had inched towards 1.1051 levels in the earlier European session, however, the gains quickly...
FxWirePro: USD/CHF key support at 0.9798, upside prevails in the short term
Nov 02, 2015 15:55 pm UTC| Technicals
The USD/CHF has slipped back towards 0.9849 levels, after failing to advance further above 23.6% fib levels located at 0.9880. The pair currently is approaching to support level at 0.9836, the pair is expected to rebound...
How to position for a mini-rally in USD vols during Q4’15? Disseminate Scandi with PLN
Nov 02, 2015 14:17 pm UTC| Technicals
USD-bloc vols (EUR, NOK, SEK, PLN etc) have cheapened the most recently and offer the best value as long targets. The Polish zloty has been the worst performing currency in emerging markets over the past month. After...
EUR net shorts mounting despite ECB’s positive moves – EUR/SEK speculative trade ideas
Nov 02, 2015 13:55 pm UTC| Technicals
ECB President Mario Draghi in his last Fridays comments hinted rejection of a rate cut / QE extension in December which would likely have a positive signal for EUR. With a Fed that will hike key rates in December after...

FxWirePro: Strong resistance for cable at 1.55, good to sell rallies
Nov 02, 2015 12:11 pm UTC| Technicals
Bid tone on the Sterling gathered pace after the stellar UK data which showed that UK Oct manufacturing PMI rose to 55.5 from an upwardly revised 51.8 figure in Sept However, the Pound is likely to remian on the sidelines...