Chart Of The Day: Multiple resistances stand tall to question USDJPY’s latest recovery

T2, 20 Th05 2019 12:48

Despite bouncing off the three-month-long descending trend-line, the USDJPY pair has multiple challenges to justify its latest uptick. These are 100-day SMA level of 110.50 followed by 110.60 confluence comprising immediate descending trend-line and 23.6% Fibonacci retracement. In a case prices rally beyond 110.60, 111.00, 111.70 and 112.20 could entertain...


Chart Of The Day: Four-month-old support-line can challenge AUDUSD’s downside

T6, 17 Th05 2019 15:15

With an eight-month high Australian unemployment rate signaling the Reserve Bank of Australia's (RBA) rate cut, the AUDUSD pair dropped to the lowest since January's flash crash just after the jobs report. However, a downward slanting trend-line stretched since January 07 can question sellers around 0.6880/75, failing to which can...


Chart Of The Day: Four-month-old support-line can challenge AUDUSD’s employment data-driven downside

T5, 16 Th05 2019 14:30

With an eight-month high Australian unemployment rate signaling the Reserve Bank of Australia's (RBA) rate cut, the AUDUSD pair dropped to the lowest since January's flash crash just after the jobs report. However, a downward slanting trend-line stretched since January 07 can question sellers around 0.6880/75, failing to which can...


Chart Of The Day: EURUSD needs to conquer 1.1260-65 horizontal-area to aim for 61.8% Fibo.

T3, 14 Th05 2019 13:48

Despite its gradual recovery since early-month, the EURUSD still fails to surpass 1.1260-65 horizontal-resistance, which in-turn signal weakness that drag can drag the quote back to short-term ascending trend-line at 1.1200 now. Should prices slip under 1.1200, 1.1135 and April low near 1.1110 can please sellers, if not then 61.8%...


Chart Of The Day: GBPUSD sustains pullback from 200-day SMA before UK GDP and US CPI

T6, 10 Th05 2019 14:07

GBPUSD refrained from slipping beneath 200-day SMA level of 1.2960 on Thursday, which in-turn portrays the pair's strength in targeting 1.3090 marks comprising 50-day SMA, with 1.3050 being an intermediate halt. On a further rise above 1.3090, more than two-month-old descending trend-line can limit advances at 1.3150. Given the prices...