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BTC/USD trades well above 200 day MA, targets $272

Oct 15, 2015 08:57 am UTC| Technicals

BTC/USD has broken minor resistance $250 and jumped till $256 It is currently trading at $254. Short term trend is bullish as long as support $235 holds The major resistance is around $258and break above will take the...

FxWirePro: Sell USD/JPY on rallies around 118.45-50 with SL around 19.20 for the TP of 117/116.20

Oct 15, 2015 07:18 am UTC| Technicals

USD/JPY breaks major support 118.60 which confirms major weakness , a decline till 116.20 cannot be ruled out . On the higher major resistance is around 119.20 and break above targets 119.60/119.80. Bearish invalidation...

FxWirePro: Sell USD/CAD on rallies around 1.2900-905 with SL around 1.2945 for the TP of 1.2800/1.2760

Oct 15, 2015 06:53 am UTC| Technicals

Loonie has broken major support 1.2900 which confirms short term weakness, a decline till 1.2780/1.2750 is possible . On the higher side any intraday bullishness can be seen only above 1.2940 . break above 1.2940...

FxWirePro: Transform NZD/USD short covering into CRBS – vega on calls to tackle higher IV

Oct 15, 2015 06:49 am UTC| Technicals

Fundamental rationale: On the other hand, we can very much empathize with this NZDs gain slightly at least in short run (lets say next 2 months or so) with an anticipation of Fed may continue to hold on its rate stance...

FxWirePro: USD/KRW hits fresh multi-month lows post BoK, good to sell rallies

Oct 15, 2015 06:46 am UTC| Technicals Central Banks

The South Korean won and shares sharply rose on Thursday morning after the bank of Korea kept rates steady. BoK kept its policy rates steady at a record low of 1.50 percent early in the session, as widely...

FxWirePro: USD/JPY sideways but slightly bearish – put ladder serves hedging motives

Oct 15, 2015 06:45 am UTC| Technicals

We think current macro situations lead the fed rate hike to almost defer to 2016, but in this another 2 months leftover for December meeting until then if improved numbers come in then again rate speculation would still be...

Cable faces strong trend line resistance at 1.5500, break above targets 1.5600

Oct 15, 2015 06:44 am UTC| Technicals

GBP/USD is facing trend line resistance around 1.5500 (trend line joining 1.5818 and 1.5658) and nay break above confirms major trend reversal, a jump till 1.5580/1.5600/1.5650 is possible. On the downside minor...

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