​Chart Of The Day: 200-bar EMA directs NZDUSD towards sub-0.6200 area

T5, 17 Th10 2019 13:23

NZDUSDH4_17102019.png

With the US-China trade tension keeping a tab on commodity-linked currencies, NZDUSD remains compressed below 200-bar EMA. As a result, sellers will keep an eye over the monthly bottom nearing 0.6200 while considering 0.6240 as an intermediate stop. If bears keep dominating market sentiment under 0.6200, 61.8% Fibonacci Expansion (FE)...


​Chart Of The Day: Overbought RSI, Brexit doubts drag GBPUSD from key resistance area

T4, 16 Th10 2019 13:46

GBPUSDDaily_16102019.png

GBPUSD is still far from bullish as a daily closing beyond 1.2770/85 becomes necessary for it to challenge the 61.8% Fibonacci retracement near 1.2835. Should the UK-EU officials agree over the Brexit, which also gets supported by the DUP and Irish lawmakers, prices may rise past-1.2835 towards 1.2900 and March...


​Chart Of The Day: USDJPY struggles inside 200-day EMA and resistance-turned-support

T3, 15 Th10 2019 13:24

USDJPYDaily_15102019.png

USDJPY's bounce off multi-month-old resistance-turned-support fails to clear 200-EMA, which in-turn portrays a lack of momentum between 107.90 and 108.75 levels. However, present risk-off mood in the market favors the pair's declines to monthly bottom surrounding 106.50 on the clear break below 107.90. Though, 107.00 round-figure could offer an intermediate...


​Chart Of The Day: 50-day EMA, 3-month-old resistance-line question AUDUSD buyers

T2, 14 Th10 2019 13:09

AUDUSDDaily_14102019.png

Failure to rise past-50-day EMA and a short-term falling trend-line seem to drag the AUDUSD pair towards 0.6765/60 multiple support-zone, a break of which will open the door for the pair's additional downturn to 0.6700 and 0.6670. However, pair's further weakness below 0.6670 might not refrain from visiting 0.6600 round-figure....


​Chart Of The Day: EURUSD extends recovery while inching closer to the US NFP

T6, 04 Th10 2019 13:43

EURUSDDaily_04102019.png

The EURUSD pair is on the recovery mode ahead of the key US employment report. Also increasing the importance of the day is the Federal Reserve Chairman Jerome Powell's speech. Should the US Dollar (USD) keeps its weakness, pair buyers will look for a sustained break above 21-day EMA level...