Technical Outlook For Gold, Silver & WTI Crude Oil: 17.08.2018

T6, 17 Th08 2018 17:42

GOLD

Having breached 200-week SMA & $1206-04 horizontal-support, Gold dropped to the lowest levels in nineteen months and still has some room on the downside before visiting important support-region of $1130-27. However, the $1160-58 may offer an intermediate halt to the Bullion prior to dragging it to the $1130-27 area....


Technical Talk: 17.08.2018

T6, 17 Th08 2018 13:53

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDCAD

DOWN

1.3070

1.3020

1.3170

1.3220

NZDUSD

DOWN

0.6570

0.6540

0.6600

0.6640

GBPNZD

UP

1.9250

1.9215

1.9360

1.9420


Unless breaking seven-week old descending trend-line, at 1.3170 now, the USDCAD can't aim for the 1.3215-20 and the 1.3285-90 resistances, which in-turn...


Chart Of The Day: 200-day SMA Confines GBPNZD's Immediate Downside, Pullback Expected

T6, 17 Th08 2018 12:33

With the 200-day SMA likely challenging GBPNZD's U-turn from 1.9415-20 horizontal-region, the pair is expected to witness pullback towards the 1.9360 immediate resistance before revisiting the aforementioned resistance-zone. Should prices manage to conquer the 1.9420 mark on a daily closing basis, the 1.9480 can offer an intermediate halt prior to...


Technical Update For USDCAD, EURCAD, GBPCAD & AUDCAD: 16.08.2018

T5, 16 Th08 2018 19:19

USDCAD

Although short-term ascending trend-line favors the USDCAD's rise, seven-week long downward slanting TL, at 1.3175 now, becomes a tough challenge for the pair to clear in order to justify its strength in targeting the 1.3215-20 and the 1.3285-90 resistances. In case the pair manage to conquer 1.3290, the 1.3325...


Chart Of The Day: CADCHF May Revisit Near-Term Important Supports

T5, 16 Th08 2018 12:06

Failure to conquer 100-day SMA signals brighter chances of CADCHF's revisit to the 0.7515-05 horizontal support-zone, which if falls short of disappointing the sellers can again highlight the importance of five-month old ascending trend-line, at 0.7470 now. In case the Bears refrain to respect the 0.7470 TL support, then the...