Technical Talks for 24.01.2017

January 24, 2017 09:19

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

GBPUSD

DOWN

1.2430

1.2370

1.2555

1.2640

NZDUSD

DOWN

0.7180

0.7130

0.7260

0.7310

EURGBP

UP

0.8540

0.8490

0.8630

0.8675

As EU & UK details/events are scheduled to remain in highlight, EURGBP could gain major market attention. The pair recent broke immediate...


Chart Of The Day: AUDCAD Might Extend Its Latest Pullback

January 24, 2017 06:20

While successful breaks of 50-day & 100-day SMA propelled the AUDCAD towards two-month high, the pair failed to surpass 1.0090 – 1.0100 horizontal-line and with the recent CAD strength, coupled with overbought RSI, it becomes more likely to extend latest pullback towards 100-day SMA figure of 0.9960. Given the quote c...


Technical picks

January 23, 2017 11:09

EURUSD is less likely to break 1.0840-50 region, comprising 100-day SMA, and might revisit 1.0600 area while 1.2540 becomes important resistance for the GBPUSD, breaking which it could aim for 1.2700 with 1.2220 continue being crucial support. USDJPY is again coming towards 112.50 & 111.30 supports which if broken can...


Chart Of The Day: GBPCAD Has Little Room On The Upside

January 23, 2017 06:31

Following its successful reversal from 1.5730, the GBPCAD presently trades around three-week high; however, 50-day SMA figure of 1.6550, quickly followed by 1.6640-50 resistance-confluence, comprising 100-day SMA & four-month old descending TL, might restrict its further advances. Given the pair manages to provide a daily closing above 1.6650, the 1.6700...


US Equity Indices’ Technical Update: 20.01.2017

January 20, 2017 12:41

Dow Jones Industrial Average [DJI30]

Having repeatedly failed to surpass 19985 – 20000 horizontal-region, the DJI30 seems inclined to revisit 50-day SMA figure of 19535; however, 19660-70 is likely offering immediate support to the leading US equity Index ahead of Mr. Donald Trump formally become US President. Should the gauge d...