Technical Talk: 10.12.2018

Mon, 10 Dec 2018 13:40

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

GBPUSD

DOWN

1.2660

1.2600

1.2790

1.2850

NZDUSD

UP

0.6840

0.6810

1.6910

0.6940

NZDJPY

DOWN

77.25

76.60

78.00

78.35

Inability to cross immediate trend-line resistance, at 1.2790 now, continue signaling brighter chances of the GBPUSD's extended south-run towards 1.2660 & then...


Chart Of The Day: NZDJPY Needs To Clear Multiple Upside Barriers To Justify Its Strength

Mon, 10 Dec 2018 11:47

Break of five-week long ascending trend-line couldn't drag NZDJPY beneath a month-old upward slanting support-line and portrayed its pullback; however, immediate TL resistance figure of 77.55, followed by the 78.00 & the 78.35, might challenge the pair's recent strength. In case the quote manages to surpass 78.35 upside barrier, it...


Technical Outlook For USDCAD, AUDCAD & NZDCAD: 07.12.2018

Fri, 07 Dec 2018 17:28

USDCAD

Even after trading at the highest levels in eighteen-months, the USDCAD has to close beyond 1.3410 on a weekly closing basis in order to aim for 1.3450 and the 1.3500 resistances-levels; however, the 1.3585-1.3600 confluence-region, including upper-line of an ascending trend-channel & horizontal-barrier, can confine the pair's upside if...


Technical Talk: 07.12.2018

Fri, 07 Dec 2018 14:24

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

DOWN

1.1295

1.1260

1.1420

1.1440

USDCAD

DOWN

1.3330

1.3260

1.3410

1.3450

EURCAD

DOWN

1.5130

1.5060

1.5235

1.5280


Repeated failures to surpass 1.1415-20 resistance-confluence, comprising 50-day SMA & nearby TL, divert EURUSD traders' attention to 1.1300-1.1295 support-zone, which if broken...


Chart Of The Day: Descending Resistance-Line & 200-day SMA Restrict EURCAD Advances

Fri, 07 Dec 2018 11:32

EURCAD's gradual recovery needs to surpass eight-month old descending trend-line, at 1.5235, together with a D1 close beyond 200-day SMA level of 1.5280, in order to justify its strength in targeting the 1.5320 and the 1.5370 resistance-levels. Should prices manage to hold its rally above 1.5370, the 1.5440 & the...