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FxWirePro: EUR/JPY takes a breather from a 4-day rally, short-term correction likely

Aug 14, 2015 08:28 am UTC| Technicals

EUR remains muted on the day, positive news with respect to Greek deal or German GDP data ignored. EUR/JPY lower on the day, is now trading near 138.50 levels, days range 138.84/34. Thinning Ichi cloud and Stochs...

FxWirePro: EUR/CHF delta risk reversal indicates uptrend to persist but signifies costlier downward hedging in long term

Aug 14, 2015 08:08 am UTC| Technicals

Observe how prices were rallied last when weve shown delta risk reversal of EURCHF ATM contracts, it was comparatively lower side over next 6 months tenor and it suggested that hedging downside risks would be more...

FxWirePro: Buy GBP/JPY around 194-194.05 with SL around 193.38 for the TP of 195.80

Aug 14, 2015 07:22 am UTC| Technicals

GBP/JPY is trading in narrow range 195 and 193.40. Intraday trend is still bullish as long as support 193.40 holds. Any break below 193.40 will drag the pair further down till 193/191.95 in short term. The pairs...

FxWirePro: EUR/USD muted on German GDP data, rangebound into European open

Aug 14, 2015 07:09 am UTC| Technicals

EUR/USD is trading a tight range on Friday, with days high at 1.1160 and low at 1.1136. Preliminary estimate of German Q1 GDP showed that the economy expanded 0.4%, data fell short of the market expectation of...

FxWirePro: €/¥ holds support at 135.0252; targeting 139.4655 as leading oscillators signal bullish trend

Aug 14, 2015 06:35 am UTC| Insights & Views Technicals

Technical Glance: Although the formation of bearish pattern candles such as Dojis on weekly and sharp shooting star spinning top on daily charts. This was boosted up by downward convergence by weekly RSI and overbought...

FxWirePro: USD/CAD rally capped at 1.4080, bullish bias intact

Aug 14, 2015 06:04 am UTC| Technicals

Loonie declined till 1.2950 and has started to recover from that level. The pairs major support is at 1.2940 which act as short term trend reversal level. Any break below 1.2940 will drag the pair further down till...

FxWirePro: USD/SGD rally capped at 1.4080, bullish bias intact

Aug 14, 2015 05:54 am UTC| Technicals

USD/SGD back above 1.40, edges higher on MYR sell-off. MYR tumbles to hit fresh 17-year lows, likely to remain in free fall as BNM helpless Rally in USD/SGD was however capped at 1.4080 on profit taking and rising...

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