Chart Of The Day: Immediate Support-Line Favors USDCHF Upside

Fri, 15 Feb 2019 11:27


In spite of repeated failures to surpass the 1.0100 resistance, the USDCHF still trades beyond an upward slanting trend-line stretched since early January, at 1.0035 now, which in-turn signal brighter chances of the pair's further upside. Presently, 1.0070 may offer immediate resistance to the pair before highlighting the 1.0100 again....


Chart Of The Day: Failure To Close Under 1.1260 Triggers EURUSD Bounce

Thu, 14 Feb 2019 15:04


In spite of ticking down to the fresh 2019 lows, the EURUSD witnessed bounce during early Thursday because of failure to provide sustained closing under 1.1270-60 horizontal support. As a result, 1.1300 and the 1.1330 regains market attention whereas 50-day SMA level of 1.1390 could entertain buyers then after. If...


Chart Of The Day: AUDUSD Still Has Multiple Resistances To Justify Its Strength

Wed, 13 Feb 2019 15:36

In spite of its U-turn from 0.7055-50 area, the AUDUSD still has multiple resistances on the upside to justify its strength. Among them, the 0.7135-40 horizontal-resistance and the descending trend-line, at 0.7200 now, become initial stops to observe. In case prices rally past-0.7200, the 0.7260 and the 0.7295 are likely...


Chart Of The Day: Channel Resistance Challenges USDJPY Upside

Wed, 13 Feb 2019 00:31


While recent risk-off sentiment fuelled the USDJPY to fresh high of 2019, resistance-line of a short-term ascending trend-channel, at 110.70 now, coupled with overbought RSI, limits the pair's immediate upside. Should greenback buyers refrain to respect the 110.70 barrier, the 111.40-45 may offer intermediate halt during its surge to 112.15-20...


Chart Of The Day: Weakness Prevails In GBPUSD Prior To Important British Data

Mon, 11 Feb 2019 12:55

With a fortnight long descending trend-line aptly portraying GBPUSD weakness, traders await headline UK Q4 2018 GDP figures in order to register much moves. Presently, 100-day SMA level of 1.2890 becomes immediate support for the pair, breaking which 1.2850 and an upward slanting trend-line at 1.2825 seem important to watch....