Chart Of The Day: AUDNZD Again Heads To Important Horizontal-Resistance

February 21, 2017 06:18

AUDNZD's successful trading above 1.0630 presently helps the pair to again look towards confronting 1.0735-40 horizontal-line resistance which tamed its upside attempts multiple times during late-2016. Considering overbought RSI and strength of the resistance-line, chances of the pair's failure to break 1.0740 and witnessing follow-on pullbacks to 1.0650 & 1.0630...


Chart Of The Day: Failure To Surpass Descending Trend-Line Pulls USDCAD Back

February 20, 2017 07:25

Although 1.3040-35 horizontal-line triggered USDCAD's bounce during last-week, the pair again failed to surpass two-month old descending trend-line, at 1.3120 now, and is presently witnessing pullback towards 1.3060 & 1.3040-35 re-test. Given the quote drops below 1.3035, the 1.3000 psychological magnet might offer intermediate halt prior to dragging it to...


Technical Outlook Of GBPUSD, GBPAUD And GBPCAD: 17.02.2017

February 17, 2017 11:54

GBPUSD

Following consecutive second contraction in UK Retail Sales, the GBP plunged across the board and forced GBPUSD to confront a month-old ascending trend-line support of 1.2395, breaking which 50% Fibonacci Retracement level of 1.2345 becomes imminent to appear on the chart. Given the pair extend its south-run and drops...


Technical Talks - 17.02.17

February 17, 2017 08:08

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

UP

1.0640

1.0590

1.0715

1.0755

USDCAD

UP

1.3040

1.3000

1.3100

1.3150

GBPAUD

DOWN

1.6190

1.6150

1.6270

1.6310

While EURUSD already broke short-term descending trend-channel, it becomes likely to visit 1.0710-15 but failure to stretch its advances might drag the...


Chart Of The Day: EURUSD Cleared Descending Trend-Channel, Signals Further Advances

February 17, 2017 06:28

With his first unscheduled solo press conference, US President, Donald Trump, triggered some profit-booking moves of the USD as his combative performance against media over allegations of his election campaign and Russian operatives threatened global investors. With this, the greenback plunged across the board, which in-turn propelled EURUSD to break...