Technical Update For EURUSD, GBPUSD, USDJPY & AUDUSD: 17.10.2017

October 17, 2017 13:05

EURUSD

With a month-old downward slanting trend-line again restricting the EURUSD's upside, the pair is likely to re-test 1.1745 and the 1.1715-10 supports. Though, the 1.1685-80 horizontal-region might confine its following downside, if not then the pair could plunge in direction to 1.1660 and then to the 61.8% FE level...


Technical Talk - 17.10.2017

October 17, 2017 09:59

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

NZDUSD

DOWN

0.7145

0.7110

0.7200

0.7240

USDCAD

UP

1.2450

1.2400

1.2600

1.2670

EURAUD

DOWN

1.4970

1.4890

1.5075

1.5100

Following its failure to surpass 0.7200, the 0.7145 and the 0.7110 are likely regaining focus as far as the NZDUSD is concerned;...


Chart Of The Day: EURAUD Fails To Justify Recent Pullback, Has Multiple Nearby Supports

October 17, 2017 07:18

Even if 50-day SMA triggered the EURAUD's bounce on Monday, the pair seems failing to sustain it presently and is coming towards re-testing the same SMA figure of 1.4970; however, the 1.4895-90 support-confluence, comprising 100-day SMA & eight-month old ascending trend-line, could restrict its following downside. Should the quote refrains...


Technical Talk - 16.10.2017

October 16, 2017 09:47

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

DOWN

1.1775

1.1730

1.1830

1.1880

USDJPY

DOWN

111.30

110.80

112.20

112.80

CHFJPY

DOWN

113.80

113.30

114.70

115.00

EURUSD is presently struggling with 1.1780-75 support-zone, clearing which it can drop to 1.1730 while an 1.1830 and the 1.1875-80 seems near-term...


Chart Of The Day: CHFJPY Challenges Near-Term Support Confluence

October 16, 2017 06:49

Although 116.35-45 confined the CHFJPY's upside during September, the pair presently struggles with the 114.70-60 support-confluence, comprising 50-day SMA & six-month old upward slanting TL, in order to extend its downturn. Should the pair closes below 114.60, the 200-day SMA level of 113.80, the 113.30 and the 112.80 are likely...