Technical Talk-21.07.2017

July 21, 2017 11:09

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

UP

1.1610

1.1565

1.1720

1.1780

NZDUSD

UP

0.7400

0.7350

0.7480

0.7510

GBPNZD

DOWN

1.7415

1.7350

1.7560

1.7660

While NZDUSD is heading to 0.7480, the dip below 0.7400 can once again fetch it to 0.7350-55 support-area but the EURUSD isn't...


Chart Of The Day: GBPNZD Drops To Re-Test Ascending Trend-Line Support

July 21, 2017 07:33

Ever since the GBPNZD reversed from 50-day & 100-day SMA confluence during early week days, it kept on trading southwards and is presently indicating to re-test the six-month old ascending trend-line, at 1.7415. However, pair's further downside after 1.7415 seems questionable, which if happens could fetch the quote to 1.7350...


Technical Overview For USDCAD, EURCAD, GBPCAD & CADJPY: 20.07.2017

July 20, 2017 12:19

USDCAD

Irrespective of the USDCAD's latest bounce from 1.2575, a week-long descending trend-line presently confines the pair's recovery around 1.2635. Considering the USD weakness, chances of the 1.2600 and the 1.2575 come-back are high, breaking which 61.8% FE level of 1.2555 and the 1.2500 mark might give rise to expectations...


Chart Of The Day: EURGBP Weakens At The Start Of The Crucial Day

July 20, 2017 08:32

With the UK Retail Sales & ECB scheduled to take place on Thursday, one pair is getting too much attention, i.e. EURGBP. While the early-day moves were mostly downbeat, the 0.8790, followed by six-week old ascending trend-line figure of 0.8755, seem nearby important supports for the pair traders to watch....


Important CHF Pairs’ Technical Update: 19.07.2017

July 19, 2017 11:50

USDCHF

Although USDCHF failed to provide the lowest closing in nearly 11-months during Tuesday, the pair continued trading southwards on Wednesday and is indicating a test to support-line of an immediate descending trend-channel, at 0.9500 now. However, oversold RSI might give rise to its pullback around 0.9500, failing to which...