Chart Of The Day: EURNZD Struggles To Clear Immediate Descending Trend-Channel

September 25, 2017 06:57

With confusing outcome of New Zealand election giving rise to uncertainty over its next ruling party, the New Zealand Dollar (NZD) started correcting against majority of its counterparts on early Monday. The EURNZD, being no exception, also surged and is presently struggling to clear the short-term descending trend-channel resistance, at...


Important GBP Pairs’ Technical Overview: 22.09.2017

September 22, 2017 12:33

GBPUSD

Except Wednesday, GBPUSD moves have largely been confined in a rectangle formation between 1.3620 & 1.3460. However, the UK PM's speech about details of Brexit might infuse volatility into the pair prices. Given the Theresa May's proposals fail to please global investors, the pair can quickly come down to...


Technical Talk - 22.09.2017

September 22, 2017 11:03

PAIR

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDCHF

DOWN

0.9650

0.9610

0.9720

0.9770

GBPUSD

UP

1.3550

1.3400

1.3620

1.3710

NZDCAD

DOWN

0.8915

0.8850

0.9070

0.9130


Rising Geo-political tensions might help the USDCHF to extend its latest pullback towards 0.9650 and then to the 0.9610 where immediate ascending...


Chart Of The Day: Descending Trend-line Confined NZDCAD’s Recovery, Pullback Expected

September 22, 2017 06:40

Although NZDCAD's U-turn from 0.8740 enabled it to meet three-week high, a bit longer descending trend-line resistance, at 0.9070 now, confined the pair's recovery and indicates brighter chances for the quote's pullback to the 0.8915 and the 0.8850 nearby supports. During the pair's additional downside below 0.8850, the 0.8770 and...


Technical Checks For USDJPY, GBPJPY, CADJPY & CHFJPY: 21.09.2017

September 21, 2017 13:47

USDJPY

USDJPY's reversal from 107.30 presently helps the pair to trade beyond 200-day SMA for the first-time in more than two months; however, it is necessary for the quote to register a daily closing above 112.20 SMA figure in order to aim for 113.60 and the resistance-line of a broader...