Technical Update For USDJPY, EURJPY & GBPJPY: 18.08.2017

August 18, 2017 13:18

USDJPY

Following its failure to clear 110.90–111.00 horizontal-resistance, the USDJPY presently tests the 108.90-95 support-zone with oversold RSI signaling brighter chances of its pullback to 109.50, 109.80 and the 110.35. Given the pair's ability sustain a break above 110.35, it can again confront 110.90 – 111.00 area, breaking which 111.55 & 1...


Technical Talk - 18.08.2017

August 18, 2017 11:15

PAIR

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDCAD

DOWN

1.2590

1.2550

1.2680

1.2780

NZDUSD

DOWN

0.7270

0.7225

0.7325

0.7370

EURCAD

DOWN

1.4790

1.4740

1.4880

1.4920


With its inability to stretch latest advances beyond 1.2675-80, the USDCAD again aims to re-test 1.2590 while 1.2775-80 seems acting as follow-on...


Chart Of The Day: EURCAD Struggles To Extend Latest Recovery, Pullback Expected

August 18, 2017 07:17

Even after bouncing-off from a month-old upward slanting trend-line on Thursday, the EURCAD seems struggling to extend the latest recovery beyond 1.4875-80 resistance during early Friday, which in-turn signals brighter chances of the pair's pullback towards 1.4835-30 horizontal-line and then to the 1.4790 rest-point. Though, aforementioned TL support, at 1.4740...


Important NZD Pairs’ Technical Overview: 17.08.2017

August 17, 2017 13:46

NZDUSD

While the two-month old ascending trend-line has been restricting the NZDUSD's downside, 50-day SMA confines the pair's up-moves off-late. At the moment, inability to surpass the 0.7325 SMA figure during early-morning might fetch the pair to 0.7260 and then to the 0.7230 TL support. In case if the quote...


Chart Of The Day: An Upward Slanting Trend-Channel Favors AUDNZD’s Advance

August 17, 2017 09:12

Although 1.0860-65 horizontal-line confined the AUDNZD's up-moves during post-AU employment release trading, three-week long upward slanting trend-channel could keep favoring the pair's advances. However, quote's recent pullback may fetch it to 1.0800 before testing the strength of channel-formation by flashing 1.0760 support-line figure. In case if prices dip below 1.0760,...