Chart Of The Day: Triangle Formation Confines GBPAUD Moves.

T6, 22 Th02 2019 14:53

Descending trend-line connecting October and January highs contrast to an upward slanting support-line joining lows marked since late-December forms a three-month old triangle formation for the GBPAUD presently between the 1.8475 and the 1.8060 levels. The pair has 1.8430-40 as an immediate upside barrier before confronting the 1.8475 pattern resistance....


Chart Of The Day: NZDJPY Reserved From “Rising-Wedge” Resistance, 100-day & 200-day SMAs In Focus Now

T5, 21 Th02 2019 13:29


Following its failure to cross two-month old "Rising-Wedge" resistance, the NZDJPY couldn't even cross the 76.30-20 horizontal-resistance, which in-turn diverts market focus to 100-day & 200-day SMA confluence region of 75.15-10. Should the pair drops beneath 75.10, the bearish formation support at 74.45 becomes crucial as a sustain dip under...


Chart Of The Day: USDCHF Favours Decline On “Rising Wedge” Breakdown

T3, 19 Th02 2019 11:08


In spite of recent pullback from 1.0022, the USDCHF is still under the support-turned-resistance forming part of "Rising Wedge" bearish pattern unless it clears the 1.0060 mark. Should the pair clear 1.0060 upside barrier, the 1.0075 and the 1.0100 can entertain buyers ahead of challenging them with an upward slanting...


Chart Of The Day: NZDUSD Aims For Important Resistance

T2, 18 Th02 2019 13:34


With its successful trading beyond 0.6800 speaking loud of the NZDUSD's strength, the pair is likely aiming for important upside resistances, namely the horizontal-line around 0.6905 and a two-month old descending trend-line, at 0.6935. Should the pair closes beyond 0.6935 on a daily closing basis, the 0.6945 and the 0.6970...


Chart Of The Day: Immediate Support-Line Favors USDCHF Upside

T6, 15 Th02 2019 11:27


In spite of repeated failures to surpass the 1.0100 resistance, the USDCHF still trades beyond an upward slanting trend-line stretched since early January, at 1.0035 now, which in-turn signal brighter chances of the pair's further upside. Presently, 1.0070 may offer immediate resistance to the pair before highlighting the 1.0100 again....