Technical Talk - 25.09.2017

September 25, 2017 10:15

PAIR

Trend

Support 1

Support 2

Resistance 1

Resistance 2

NZDUSD

DOWN

0.7230

0.7190

0.7315

0.7355

USDJPY

UP

112.00

111.30

112.70

112.90

EURNZD

DOWN

1.6320

1.6240

1.6415

1.6530

Given the NZDUSD's another drop below 50-day SMA level of 0.7315, it can re-test 0.7230 and the 0.7190 supports while USDJPY struggles...


Chart Of The Day: EURNZD Struggles To Clear Immediate Descending Trend-Channel

September 25, 2017 06:57

With confusing outcome of New Zealand election giving rise to uncertainty over its next ruling party, the New Zealand Dollar (NZD) started correcting against majority of its counterparts on early Monday. The EURNZD, being no exception, also surged and is presently struggling to clear the short-term descending trend-channel resistance, at...


Important GBP Pairs’ Technical Overview: 22.09.2017

September 22, 2017 12:33

GBPUSD

Except Wednesday, GBPUSD moves have largely been confined in a rectangle formation between 1.3620 & 1.3460. However, the UK PM's speech about details of Brexit might infuse volatility into the pair prices. Given the Theresa May's proposals fail to please global investors, the pair can quickly come down to...


Technical Talk - 22.09.2017

September 22, 2017 11:03

PAIR

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDCHF

DOWN

0.9650

0.9610

0.9720

0.9770

GBPUSD

UP

1.3550

1.3400

1.3620

1.3710

NZDCAD

DOWN

0.8915

0.8850

0.9070

0.9130


Rising Geo-political tensions might help the USDCHF to extend its latest pullback towards 0.9650 and then to the 0.9610 where immediate ascending...


Chart Of The Day: Descending Trend-line Confined NZDCAD’s Recovery, Pullback Expected

September 22, 2017 06:40

Although NZDCAD's U-turn from 0.8740 enabled it to meet three-week high, a bit longer descending trend-line resistance, at 0.9070 now, confined the pair's recovery and indicates brighter chances for the quote's pullback to the 0.8915 and the 0.8850 nearby supports. During the pair's additional downside below 0.8850, the 0.8770 and...