Technical Talks of the day Jan 2017

January 11, 2017 08:46

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

DOWN

1.0500

1.0475

1.0630

1.0670

GBPUSD

DOWN

1.2080

1.2000

1.2200

1.2280

AUDUSD

UP

0.7360

0.7310

0.7410

0.7430

As the day becomes crucial for US and UK due to schedule releases, EURUSD's inability to surpass 1.0630 and GBPUSD's sustained trading...


Chart Of The Day: Failure To Sustain Pullback Indicates GBPNZD’s Downturn

January 11, 2017 06:22

While 1.7470-80 successfully tamed GBPNZD's pullback from 1.7360-70 horizontal-line, the pair becomes more likely to revisit 23.6% Fibonacci Retracement of its July – November decline, at 1.7250, ahead of challenging the 1.7170 support. During the quote's additional weakness below 1.7170, the 1.7000 round figure may act as intermediate halt prior t...


Technical Overview Of EURUSD, GBPUSD, AUDUSD And NZDUSD: 10.01.2017

January 10, 2017 12:31

EURUSD

Even after breaking two-month old descending trend-line resistance, the EURUSD failed to extend its upside beyond 1.0620-25 area, which presently confine the quote's advances and indicate brighter chances of a pullback towards 1.0540. Given the pair dips below 1.0540, the 1.0505 – 1.0500 horizontal-line becomes important for traders to w...


Chart Of The Day: GBPJPY Struggles With 50-day SMA To Extend Recent South-Run

January 10, 2017 06:18

UK Prime Minister's comments over the weekend, spreading fears that the Britain will lose its single market status post-Brexit, provided noticeable weakness to the GBP on Monday. The Pound dropped heavily across the board and GBPJPY, not being an exception, closed below 200-day SMA for the first time in over...


Chart Of The Day: NZDCAD Signals Further Downside On Support Break

January 09, 2017 06:16

Having failed to stretch its pullback beyond 0.9315-20 resistance-area, comprising 23.6% Fibonacci Retracement, the NZDCAD dropped below 0.9230-25 support-zone, which in-turn signal the pair's further south-run towards 61.8% FE level of 0.9165. Given the quote fail to respect 0.9165, the 0.9080 may offer an intermediate halt during its plunge targeting...