US Equity Indices’ Technical Update: 20.01.2017

January 20, 2017 12:41

Dow Jones Industrial Average [DJI30]

Having repeatedly failed to surpass 19985 – 20000 horizontal-region, the DJI30 seems inclined to revisit 50-day SMA figure of 19535; however, 19660-70 is likely offering immediate support to the leading US equity Index ahead of Mr. Donald Trump formally become US President. Should the gauge d...


Chart Of The Day: Ascending Channel Resistance Signals AUDJPY’s Profit-Booking

January 20, 2017 06:43

During its successful bounce from a month-old ascending trend-channel support, the AUDJPY now confronts the channel-resistance, which together with overbought RSI, signal brighter chances of its pullback to 86.60 before revisiting the 86.20-10 horizontal-line. Should the pair's profit-booking extends below 86.10, also clears 86.00 round figure, it becomes liable to...


Technical Overview of USDCHF, GBPCHF, CHFJPY And CADCHF: 19.01.2017

January 19, 2017 12:57

USDCHF

Even as 1.000 – 0.9990 restricted further downsides of the USDCHF, the pair can't be termed strong unless it provides a daily closing above 1.0155, comprising short-term descending trend-line and 23.6% Fibonacci Retracement of its November – December up-move. However, 1.0090, 1.0120 and the 50-day SMA figure of 1.0140 may...


Chart Of The Day: GBPJPY Might Find It Hard To Extend Its Recent Pullback

January 19, 2017 06:20

GBPJPY's latest recovery from 100-day SMA & 23.6% Fibonacci Retracement of February – October downturn might find it difficult to exist for long as the pair currently aims to confront with 200-day SMA figure of 141.15. Given the quote reverses from the mentioned crucial moving average, the 139.80 and the 1...


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...