FxWirePro: GBP/USD key support at 1.5280, bullish in the short term
Oct 09, 2015 12:43 pm UTC| Technicals
GBP/USD has slipped sharply towards 1.5322 after making a brief surge towards 1.5374 in the early European session. The currency pair is set to consolidate above 1.5280 levels and move towards 1.5450 levels, as GPB/USD...

Oct 09, 2015 12:13 pm UTC| Technicals
Pattern Formed - Big M pattern Potential Reversal Zone (PRZ) - 0.9740 USD/CHF has declined till 0.9623 after FOMC minutes released overnight shows that there will be further delay in Fed rate hike. It is currently...

Gold breaks major resistance at $1154, jump above target $1169
Oct 09, 2015 12:12 pm UTC| Technicals
Gold is facing strong trend line resistance around $1152 ( trend line joining $1169 and $1156) and any break above will take the pair to next level $1160/$1169. On the downside minor support is around $1143 and any...
FxWirePro: EUR/GBP faces major support around 0.7320, good to buy at dips
Oct 09, 2015 11:58 am UTC| Technicals
RES 4:0.7520 RES 3: 0.7480 (May 5th 2015) RES 2: 0.7450 (Oct 2nd 2015) RES 1: 0.7420 PRICE: 0.7415 @ 11:49 GMT SUP 1: 0.7340 (38% retracement of 0.7195 and 0.74425) SUP 2: 0.7320 (200 day...

FxWirePro: Deploy put butterfly spreads on GBP/USD’s low volatility
Oct 09, 2015 11:45 am UTC| Technicals
The trader can implement this strategy using put options now with similar maturities to deal with lower implied volatility. Construct a butterfly spreads using puts as delta risk reversal has shifted market sentiments...
FxWirePro: USD/JPY faces strong support around 119.60, good to buy at dips
Oct 09, 2015 11:15 am UTC| Technicals
RES 4: 121.75 (28th aug high) RES 3:121.30 ( SEP 10TH HIGH) RES 2: 120.56 (Oct 6th 2015) RES 1: 120.20 (200 day 4 H EMA) PRICE: 120.27 @11:06 GMT SUP 1: 119.50 (38.2% retracement of 116.07 and...
FxWirePro: USD/CAD extends slide as CAD continues to benefit from higher oil prices
Oct 09, 2015 09:22 am UTC| Technicals
Oil extended gains on Friday and is set for its biggest weekly rise in over six years. Brent crude was up 60 cents at $53.65 a barrel at 0844 GMT, on track to rise 11 percent this week alone. U.S. crude was up 77...