Chart Of The Day: Failure to surpass 1.5905/10 confluence again highlights 1.5720/10 for EURAUD sellers

Fri, 26 Apr 2019 13:42

Having taken a U-turn from the 200-day and 100-day SMA confluence near 1.5905/10, the EURAUD pair is likely declining towards 1.5720/10 support re-test. However, 1.5830 and 1.5750 are likely intermediate halts that can be availed during the downturn. In a case where prices slip under 1.5710, 1.5665 and 1.5600 could...


Chart Of The Day: Disappointing AU CPI triggered AUDUSD’s slump, sellers aim for 0.7015 trend-line support

Wed, 24 Apr 2019 13:00

With Australia's CPI and RBA trimmed mean CPI both coming in weaker than market consensus, the AUDUSD pair dropped heavily as the same renewed fears of Reserve Bank of Australia's (RBA) rate cut in the month of May. The pair slid to the lowest since early-March and is near to...


Chart Of The Day: 200-day and 100-day SMA can offer intermediate relief to GBPUSD buyers

Tue, 23 Apr 2019 12:37

While six-week-old descending trend-line portrays the GBPUSD weakness, the 1.2965-55 region comprising 200-day and 100-day SMA can question the pair's immediate downside. As a result, chances for the pair's pullback to 1.3015 and 1.3045 immediate resistances become brighter. In a case the quote rallies beyond 1.3055 trend-line resistance on a...


Chart Of The Day: USDCAD is stuck in a symmetrical triangle despite the recent pullback

Mon, 22 Apr 2019 12:43

In spite of witnessing pullbacks off-late, the USDCAD pair is still under six-week-old symmetrical triangle formation, which in turn signal the sideways momentum for the pair. Presently, 1.3340 and 1.3300 can offer immediate support to the pair before pattern's lower line near 1.3270 grab sellers' attention. In a case where...


Chart Of The Day: 111.80–112.15 area limits USDJPY moves within a symmetrical triangle

Thu, 18 Apr 2019 16:13

Failure to surpass 112.15 horizontal-resistance comprising highs marked since early March less likely to provide much damage to the USDJPY pair as a straight-line joining highs from March 07 could challenge sellers around 111.80. Should prices slip under 111.80, 200-day SMA level of 111.50 and 100-day SMA level of 110.85...