
FxWirePro: Silver faces short term resistance around $15, good to sell on rallies
Sep 14, 2015 11:17 am UTC| Technicals
Silver has broken major support $14.45 and declined till $14.28. It is currently trading at $14.41. The commodity is facing strong support around $13.99 and any break below will drag the commodity further down till...

Gold trades below major support $1115, decline till $1070 is possible
Sep 14, 2015 10:07 am UTC| Technicals
Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds. On the downside major support is around $1100 and break below...

FxWirePro: GBP/USD to perceive lesser IV among G7 pool - condor spreads for hedging
Sep 14, 2015 09:51 am UTC| Technicals
As there are no significant data releases that could propel GBP side for this week and near future GBPUSD may likely to experience low volatility. You can make out from the nutshell showing IV; GBPUSD is to have the least...

FxWirepro: Loonie faces strong support around 1.3150, good to buy at dips
Sep 14, 2015 09:24 am UTC| Technicals
USD/CAD has declined till 1.3177 and started to recover from that level. Loonie is facing strong support around 1.3175 (trend line joining 1.3115 and 1.3135) and further weakness can be seen only below that level. Any...
FxWirePro: GBP elicits support from hawkish Weale's comments, cable hits day's highs at 1.5470
Sep 14, 2015 08:04 am UTC| Technicals
GBP/USD sidelined in Asia to start the week after a slight gapdown open on the day Hawkish BOE comments at the weekend keep the pair supported, cable edged higher from days lows at 1.5423 Weale said UK rates need to rise...

BTC/USD struggles to close above $250, decline till $200 is possible
Sep 14, 2015 07:21 am UTC| Technicals
BTC/USD has retreated till $223 after making a high of $246 and is currently trading at $227. Short term trend is weak as long as resistance $240 holds. The major resistance is around $240 and break above will take the...

FxWirePro: Hanging man signals potential downswings of GBP/JPY, put backspreads well placed to hedge
Sep 14, 2015 07:17 am UTC| Technicals
On monthly chart, the formation of hanging man pattern candle on peaks of uptrend at around 193.456 levels. This hanging man followed by two long real body red candles would reveal a medium term downtrend direction.Overall...