Technical Outlook of EURUSD, GBPUSD, USDJPY And AUDUSD: 18.01.2017

January 18, 2017 13:36

EURUSD

While short-term ascending trend-channel indicates additional upside of the EURUSD, pair's inability to surpass 1.0700 signal brighter chances of its pullback to 1.0630 nearby support. However, 50-day SMA figure of 1.0590 and the 23.6% Fibonacci Retracement of its August 2016 – January 2017 dip, at 1.0580, become important supports f...


Chart Of The Day: NZDCAD Confronts Short-Term Resistance-Confluence

January 18, 2017 06:19

Although nearly three-month old descending trend-line support triggered another bounce on the part of the NZDCAD, 0.9405-15 resistance-confluence, comprising 50-day SMA and December high, seems restricting the pair's immediate upside. Given the latest advances in Crude prices drag the quote below 0.9400 round figure, the 0.9370 could offer nearby support,...


Chart Of The Day: AUDUSD Indicates Pullback As SMA Confluence Limits Up-move

January 16, 2017 06:49

Even after rallying considerably since the 2017 start, the AUDUSD failed to provide a closing break beyond 100-day & 200-day SMA confluence, around 0.7500 now, which in-turn indicates brighter chances of its pullback to 0.7430 immediate support. Given the pair drops further below 0.7430, the 0.7400 round figure and the...


Technical Checks for USDJPY, GBPJPY, CADJPY & CHFJPY

January 12, 2017 12:58

USDJPY

Following its gradual downturn from 118.60-65 horizontal-line resistance, the USDJPY dropped below 114.80 TL support and is presently declining towards 113.10, with 113.65 being immediate rest. Given the pair declines below 113.10, the 112.60 and the 38.2% Fibonacci Retracement level of 112.00 may offer intermediate halts prior to giving...


Technical Talks of the week

January 12, 2017 09:31

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDCAD

DOWN

1.3095

1.3080

1.3165

1.3200

EURAUD

UP

1.4175

1.4120

1.4235

1.4290

GBPCAD

UP

1.6000

1.5960

1.6095

1.6150

With break of eight-month old ascending trend-line, the USDCAD becomes more likely to revisit 1.3095 & 1.3080 supports while EURAUD & GBPCAD...