Technical Checks For USDCAD, AUDCAD & CADCHF: 26.05.2017

May 26, 2017 13:02

USDCAD

USDCAD's bounce from 1.3390-85 seems losing its momentum and indicates brighter chances to witness 1.3430 and the 1.3390-85 again on the chart. However, pair's further downside below 1.3385 may take a U-turn from three-week old descending trend-channel support, around 1.3360, failing to which can make it vulnerable to plunge...


Technical Talk -26.05.2017

May 26, 2017 10:13

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

AUDUSD

DOWN

0.7390

0.7360

0.7460

0.7485

GBPUSD

DOWN

1.2840

1.2770

1.2930

1.2970

NZDUSD

UP

0.7060

0.7100

0.7000

0.6980

GBPUSD is coming closer to 1.2840 support, breaking which 1.2770 can come-back on the chart while 1.2930 & 1.2970 can keep restricting...


Chart Of The Day: AUDUSD Broke Short-Term Channel, Signals Downside

May 26, 2017 07:18

With the OPEC-led production-cut announcement's failure to impress commodity traders, currencies relying on exports have been badly hit on Thursday. The Australian Dollar (AUD), being one of them, also followed the suit and triggered AUDUSD's drop towards smashing a short-term ascending trend-channel. On early-Friday, the pair continued declining and is...


Technical Outlook For NZDUSD, EURNZD, GBPNZD & NZDJPY: 25.05.2017

May 25, 2017 12:59

NZDUSD

Despite of four-day long advances by the NZDUSD, the pair couldn't clear 0.7050-55 horizontal-region, comprising 100-day SMA, and is presently witnessing pullback towards testing 0.7000 psychological magnet. During the pair's extended profit-booking below 0.7000, the 0.6970-65 and the 0.6945-40 may offer intermediate halts prior to flashing 0.6900 round-figure on...


Chart Of The Day: Ascending Trend-Channel Favors EURGBP’s Up-move, UK GDP Awaited

May 25, 2017 07:11

While a fortnight old ascending trend-channel favors EURGBP's further upside towards challenging the 0.8700 round-figure, traders may wait for today's second estimate of UK GDP in order to determine near-term trend of the pair. Given the British economic barometer matches initial forecast of 0.3%, fewer changes to already established uptrend...