Chart Of The Day: Immediate Horizontal-Resistance Can Challenge AUDCAD's Latest Recovery

T2, 21 Th05 2018 12:40

Although break of month-old descending trend-line fueled the AUDCAD towards a fortnight high, the pair's latest recovery is yet to surpass the 0.9705-10 horizontal-resistance in order to aim for the 0.9730-35 resistance-area. In case if the quote manages to conquer the 0.9710 barrier and trades well beyond the 0.9735, the...


Technical Update For US Equity Indices: 18.05.2018

T6, 18 Th05 2018 18:32

Dow Jones Industrial Average [DJI30]

While 100-day SMA confined the Dow Jones' upside on Monday, the American equity gauge refrained to dip below 24625, which in-turn signals brighter chances of its another attempt to clear the 24875 SMA mark. Should optimism concerning U.S. economy propel the index beyond 24875 on...


Technical Talk: 18.05.2018

T6, 18 Th05 2018 15:13

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDCAD

UP

1.2790

1.2745

1.2850

1.2885

EURUSD

DOWN

1.1760

1.1715

1.1840

1.1910

EURNZD

UP

1.7050

1.6935

1.7200

1.7250

USDCAD's U-turn from 1.2750-45 support-area still needs to clear the 1.2850 & 1.2885 resistances in order to aim for 1.2940 otherwise chances...


Chart Of The Day: Short-Term "Rising Wedge" Confines EURNZD Moves

T6, 18 Th05 2018 12:09

With EURNZD's latest bounce off the 1.7050, the pair confirms the dominance of short-term "Rising-Wedge" bearish formation over price-momentum between 1.7050 support-line & 1.7310 resistance-line. However, pair's recovery to 1.7200 round-figure can't be denied, which if broken may highlight the 1.7250 as a buffer ahead of increasing the importance of...


Technical Checks For GBPUSD, GBPJPY, GBPAUD & GBPCHF: 17.05.2018

T5, 17 Th05 2018 19:08

GBPUSD

Even after trying multiple times during last one-week, the GBPUSD is still not succeeded in its attempts to conquer eleven-month old ascending trend-line, at 1.3480 now; though, the 200-day SMA level of 1.3555 acts as a strong near-term upside barrier for the pair. Hence, the pair has to provide...