Technical Checks Of Gold, Silver & WTI Crude Oil – 06.01.2017

January 06, 2017 12:22

GOLD

Ever since the Gold reversed from $1126-28 support-zone, it managed to extend advances to the present level near a month's high. However, $1197 - $1200 horizontal resistance-region, comprising 50-day SMA, may give a tough fight to the Bullion, which if broken needs to confirm price-strength by surpassing four-month old...


Technical Desk

January 06, 2017 09:14

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

DOWN

1.0480

1.0430

1.0600

1.0660

USDCAD

UP

1.3190

1.3155

1.3310

1.3355

EURAUD

UP

1.4410

1.4350

1.4510

1.4545

With the US Jobs report less likely to trim some of the USD's recent losses, USDCAD's reversal from 1.3190 may help the...


Chart Of The Day: GBPCHF Struggles To Extend Downside

January 06, 2017 06:35

Even with repeated failures to surpass a descending trend-line stretched since June, the 1.2500 – 1.2485 again confines the GBPCHF's downside. However, declining RSI and comparative weakness of the GBP favor more the pair's south-run to 1.2410 and 23.6% Fibonacci Retracement of May – October dip, at 1.2350, if it pro...


Important JPY Pairs’ Technical Overview – 05.01.2017

January 05, 2017 12:44

USDJPY

Following its failure to clear 118.60-70 horizontal-resistance, the USDJPY broke short-term ascending trend-line, which in-turn signals brighter chances of its continued pullback towards 38.2% Fibonacci Retracement level of 115.80 and then to 115.30. However, 114.80-75 support-line becomes important for the pair's further downside below 115.30, which if broken could...


Technical Talks of the day

January 05, 2017 09:25

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

NZDUSD

DOWN

0.6970

0.6940

0.7030

0.7075

EURGBP

DOWN

0.8510

0.8470

0.8580

0.8640

AUDCAD

DOWN

0.9655

0.9600

0.9730

0.9775

Considering scheduled economic data-points, the EURGBP is less likely to break 0.8575-80 horizontal-resistance and better UK Services print can quickly fetch the...