Technical Checks For EURUSD, USDJPY, AUDUSD & USDCAD: 16.10.2018

Tue, 16 Oct 2018 18:25

EURUSD

Even after recovering from 1.1430-25 support-zone, the EURUSD has to surpass 100-day SMA level of 1.1630 in order to justify its strength in targeting the seven-month long descending resistance-line, around 1.1730. Should prices rally beyond 1.1730 on a daily closing basis, the 1.1810 & 1.1850 are likely intermediate halts...


Technical Talk: 16.10.2018

Tue, 16 Oct 2018 15:14

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

GBPUSD

DOWN

1.3080

1.3080

1.3200

1.3255

USDJPY

UP

111.60

111.25

112.60

113.20

EURNZD

UP

1.7560

1.7475

1.7730

1.7835


Unless clearing the 1.3195-1.3200 support-turned-resistance, the GBPUSD is less likely to revisit the 1.3255 and the 1.3310 levels, which in-turn can drag...


Chart Of The Day: Immediate Support-Confluence Can Trigger EURNZD's Pullback

Tue, 16 Oct 2018 12:38

In spite of reversing from 1.7925-30, the EURNZD's downside can't be taken for granted as immediate support-confluence around 1.7565-60, comprising 50-day SMA & two-month old ascending TL, still stand tall to challenge the sellers. As a result, chances of the pair's pullback to 1.7730 and then to the 1.7835 resistance-line...


Technical Talk: 15.10.2018

Mon, 15 Oct 2018 14:36

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

UP

1.1530

1.1500

1.1610

1.1655

NZDUSD

UP

0.6495

0.6460

0.6540

0.6575

EURGBP

DOWN

0.8770

0.8745

0.8835

0.8850


EURUSD's U-turn from 1.1530 again fuels it to 1.1610, which if broken can help it aim for 1.1655 & 1.1700 while 1.1530...


Chart Of The Day: EURGBP May Struggle To Extend Latest Recovery

Mon, 15 Oct 2018 11:54

Having bounced off the 0.8720, EURGBP seems losing its upside momentum and may revisit the 0.8770 & the 0.8745 supports but the 0.8720 could restrict the pair's following declines. In case prices continue trading southwards past-0.8720, the 61.8% FE level of 0.8700 and the 0.8665 might appear in the Bears'...