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FxWirePro: EUR/GBP faces strong resistance around 0.7360, good to sell on rallies

Sep 21, 2015 11:39 am UTC| Technicals

RES 4 : 0.7420 (Aug 24th high) RES 3: 0.7395 ( Sep 1st high) RES 2: 0.7350 (61.8% retracement of 0.7420 and 0.7250) RES1 0.7294(20 day 4 HMA) PRICE: 0.7270@ 11:38 GMT SUP 1: 0.7240 (Aug...

USD/JPY trades above 120 level, jump till 121 is possible

Sep 21, 2015 10:55 am UTC| Technicals

RES 4: 121.72 (28TH AUG HIGH) RES 3:121.30 ( SEP 10TH HIGH) RES 2: 120.75 (61.8% retracement of 121.75 and 119.21) RES 1: 120.23 (20 day 4 HMA) PRICE: 120.31 @10:55 GMT SUP 1: 119.50 (38.2% retracement of...

FxWirePro: EUR/GBP option trade ideas - deploy short combinations on rallies

Sep 21, 2015 09:53 am UTC| Technicals

The objective of profit maximization can even be attained formulating EURGBP options combinations if you think you are running short of capital exposure for spot FX shorting, well.., you can very well do the same utilizing...

USD/CHF faces strong trend line resistance around 0.9725, decline till 0.9595 is possible

Sep 21, 2015 08:42 am UTC| Technicals

USD/CHF has recovered after making a low of 0.9526. It is currently trading at 0.9680. Intraday trend is still weak as long as trend resistance 0.9725 holds. Any break above 0.9725 will take the pair to next level...

FxWirePro: Delta risk reversal does not favor XAU/USD sentiments but technical does

Sep 21, 2015 08:13 am UTC| Technicals

From the above table one can observe the delta risk reversal has maintained its red zone with higher volatility as well. Delta risk reversal of ATM gold contracts is gradually rising into negative despite their prices...

FxWirePro: USD/JPY bounces back from 119.73, good to buy dips

Sep 21, 2015 07:48 am UTC| Technicals

USD/JPY bottomed around 119.70 region in the late-Asian trades on dampened risk appetite. The major has recovered most losses as the greenback pared early losses against its major competitors amid easing risk-off...

FxWirePro: Buy USD/JPY at dips around 120.-120.10 with SL around 119.60 for the TP of 120.95

Sep 21, 2015 07:33 am UTC| Technicals

USD/JPY breaks short term trend line resistance 120 (trend line joining 120397 and 120.14) and a slight jump till 120.95 is possible. Further trend reversal only above 121.30. Any break above 121.30 will take the...

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