Technical Overview For EURJPY, NZDJPY & CADJPY: 24.02.2017

February 24, 2017 12:03

EURJPY

Having failed to justify its bounce from 118.40-60 horizontal-support-line, the EURJPY again aims to revisit the same support-zone, breaking which 200-day SMA level of 117.70 and 117.20 can quickly be flashed on the chart. However, pair's further downside below 117.20 can be confined by 116.70-65 support-confluence, comprising upward slanting...


Chart Of The Day: Symmetrical Triangle Confines GBPJPY Moves

February 24, 2017 06:20

Ever since the GBPJPY bounced-off from 136.44 during mid-January, it has been observing a short-term symmetrical triangle formation. The pair presently aims to challenge pattern resistance-line of 141.80, which if broken can trigger its up-move towards 142.20, 142.80 & 143.55-60 consecutive north-side numbers. In case if the quote manages to...


Technical Outlook Of USDCAD, EURCAD, NZDCAD And CADCHF: 23.02.2017

February 23, 2017 12:05

USDCAD

Although break of two-month old descending trend-line triggered USDCAD's up-move to fortnight high, the pair failed to surpass 50-day SMA and is now witnessing pullbacks towards testing 1.3110 and then to 1.3060 support-levels. However, a broader upward slanting trend-line, coupled with 50% Fibonacci Retracement Level of its May – D...


Technical Talks - 23.02.17

February 23, 2017 08:46

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

GBPCAD

DOWN

1.6300

1.6270

1.6440

1.6510

AUDNZD

DOWN

1.0600

1.0560

1.0710

1.0740

EURNZD

DOWN

1.4600

1.4560

1.4700

1.4740

A month old descending trend-channel again restricted GBPCAD's upside and presently indicates a pullback by the pair towards 1.6300 & 1.6270 supports...


Chart Of The Day: CHFJPY Signals Further Downside On Trend-Line Break

February 23, 2017 06:16

Following its repeated failures to surpass 50-day SMA during late last-week, the CHFJPY provided a daily closing below 112.20-30 important horizontal support-zone on Wednesday. The pair did justify the breakdown on Thursday by trading below the same support-turned-resistance area which in-turn signals its further downside to 100-day SMA, around 111.00,...