Chart Of The Day: Ascending Channel Resistance Signals AUDJPY’s Profit-Booking

January 20, 2017 06:43

During its successful bounce from a month-old ascending trend-channel support, the AUDJPY now confronts the channel-resistance, which together with overbought RSI, signal brighter chances of its pullback to 86.60 before revisiting the 86.20-10 horizontal-line. Should the pair's profit-booking extends below 86.10, also clears 86.00 round figure, it becomes liable to...


Technical Overview of USDCHF, GBPCHF, CHFJPY And CADCHF: 19.01.2017

January 19, 2017 12:57

USDCHF

Even as 1.000 – 0.9990 restricted further downsides of the USDCHF, the pair can't be termed strong unless it provides a daily closing above 1.0155, comprising short-term descending trend-line and 23.6% Fibonacci Retracement of its November – December up-move. However, 1.0090, 1.0120 and the 50-day SMA figure of 1.0140 may...


Chart Of The Day: GBPJPY Might Find It Hard To Extend Its Recent Pullback

January 19, 2017 06:20

GBPJPY's latest recovery from 100-day SMA & 23.6% Fibonacci Retracement of February – October downturn might find it difficult to exist for long as the pair currently aims to confront with 200-day SMA figure of 141.15. Given the quote reverses from the mentioned crucial moving average, the 139.80 and the 1...


Technical Outlook of EURUSD, GBPUSD, USDJPY And AUDUSD: 18.01.2017

January 18, 2017 13:36

EURUSD

While short-term ascending trend-channel indicates additional upside of the EURUSD, pair's inability to surpass 1.0700 signal brighter chances of its pullback to 1.0630 nearby support. However, 50-day SMA figure of 1.0590 and the 23.6% Fibonacci Retracement of its August 2016 – January 2017 dip, at 1.0580, become important supports f...


Chart Of The Day: NZDCAD Confronts Short-Term Resistance-Confluence

January 18, 2017 06:19

Although nearly three-month old descending trend-line support triggered another bounce on the part of the NZDCAD, 0.9405-15 resistance-confluence, comprising 50-day SMA and December high, seems restricting the pair's immediate upside. Given the latest advances in Crude prices drag the quote below 0.9400 round figure, the 0.9370 could offer nearby support,...