Technical Update For USDJPY, EURJPY, NZDJPY & CHFJPY: 27.04.2017

April 27, 2017 13:06


During its gradual recovery from 108.10, the USDJPY managed to post month's new-high on Wednesday but failed to surpass 50-day SMA; however, the pair didn't lose its strength and again aims to conquer the same SMA number of 111.80, breaking which it becomes eligible to target 112.50. Though, pair's...

Chart Of The Day: GBPAUD Confronts Important Resistance-Line

April 27, 2017 07:14

Having witnessed noticeable buying support during last two days, the GBPAUD now confronts an important resistance-line of 1.7205 – 1.7215 which becomes crucial for traders to watch. Though, overbought RSI and expected weakness of the GBP on soft growth figure, up for Friday release, may confine the pair's additional up-move a...

Important NZD Pairs’ Technical Overview: 26.04.2017

April 26, 2017 13:06


With the 50-day SMA successfully restricting NZDUSD's upside during last-week, the pair had no choice than to break four-month old ascending trend-line support, which in-turn indicates brighter chances of its drop to December low, around 0.6860. Given the pair's sustained weakness below 0.6860, the 0.6810, the 0.6800 round figure...

Chart Of The Day: EURNZD Heads To Horizontal-Resistance, Further Upside Remains Doubtful

April 26, 2017 07:11

Following Tuesday's heavy up-move by the EURNZD, the pair managed to sustain its strength and carried forward the same during early Wednesday which presently indicates additional price-rally towards 1.5830-45 important horizontal-line. However, its further advances beyond the same are in doubt as the RSI is in overbought region and chances...

Technical Outlook For EURUSD, GBPUSD, AUDUSD & USDCHF: 25.04.2017

April 25, 2017 13:28


EURUSD's gap-up opening on Monday failed to surpass March-high and witnessed profit-booking during later-day; however, the pair didn't close below 200-day SMA and is again aiming to conquer the same 1.0905-10 resistance, which if broken could trigger its upward trajectory towards 1.0960 prior to looking at the 1.1000 round...