Chart Of The Day: Break of Horizontal Supports Signal GBPNZD's Further Downside

Mon, 24 Sep 2018 12:25

GBPNZD's sustained trading beneath the 1.9750-45 and the 1.9675-70 supports, now acting as immediate resistances, signals brighter chances for the pair's drop to 1.9520 rest-point but the 1.9450-40 support-zone could challenge the sellers then after. In case Bears refrain to respect the 1.9440 mark, the 1.9320, the 1.9250 and the...


Technical Overview of AUDUSD, EURAUD & AUDCHF: 21.09.2018

Fri, 21 Sep 2018 17:59

AUDUSD

Even after clearing six-week old descending trend-line, the AUDUSD presently struggles with an intermediate resistance-line, at 0.7300, in order to justify its strength. If the pair reverses from said barrier, the 0.7260, the 0.7245 and the 0.7230 are likely following supports to gain market attention. However, an upward slanting...


EU PMIs, Canadian CPI & Risk-On Sentiment Can Decorate Friday

Fri, 21 Sep 2018 15:00

With the expectations that latest Sino-US tariffs be less harmful to global growth than initially thought activating risk-on during Thursday, the US Dollar Index (I.USDX) had to visit the July month lows amid depleting safe-haven demand. Not only USD but the JPY also couldn't avoid declining but the Gold benefited...


Technical Talk: 21.09.2018

Fri, 21 Sep 2018 14:59

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDCAD

DOWN

1.2860

1.2800

1.2955

1.3000

USDCHF

DOWN

0.9570

0.9520

0.9680

0.9735

NZDCHF

UP

0.6440

0.6460

0.6385

0.6370

Unless clearing 1.2955 support-turned-resistance, the USDCAD can't avoid meeting the 200-day SMA level of 1.2860, breaking which can drag it further downwards...


Chart Of The Day: BPC Formation Portrays NZDCHF's Strength

Fri, 21 Sep 2018 12:18

NZDCHF's bounce off the resistance-turned-support during Thursday signals the Breakout-Pullback-Continuation (BPC) formation, which in-turn portrays the pair's strength in targeting 0.6440, the 0.6460 and the 0.6500 consecutive resistances. However, the 0.6525 horizontal-line could restrict the pair's upside past-0.6500, if not then the 0.6560, the 0.6600 and the 0.6615 might comeback...