USDCHF, EURCHF, GBPCHF And NZDCHF: Technical Checks

December 07, 2016 12:16

USDCHF

On Tuesday, the USDCHF took a U-turn from 1.0050-45 support confluence, comprising 23.6% Fibonacci Retracement of last-month's upside and lower-line of immediate descending trend-channel, but failed to rise beyond 1.0110. The pair presently signals weakness towards testing 1.0085 and the 1.0070 supports, breaking which 23.6% Fibo level of 1.0048...


Technical Talks - Hot Picks of the day !

December 07, 2016 08:55

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURGBP

Pullback Expected

0.8405

0.8330

0.8510

0.8565

USDJPY

UP

113.30

112.70

114.80

115.30

NZDUSD

PULLBACK EXPECTED

0.7070

0.7045

0.7130

0.7165

With EURGBP's repeated encounter with 0.8470-75 region, weaker UK readings may propel the quote towards 0.8505-10 while short-term ascending trend-channel...


Chart Of The Day: 200-day SMA Again Confines AUDCAD Downturn

December 07, 2016 06:27

Failure to sustain last week's bounce from 200-day SMA again dragged the AUDCAD towards re-testing the same important support of level of 0.9845 during early Wednesday. Looking at disappointing Australian GDP figure, coupled with pair's inability to surpass 0.9940 resistance, chances of the quote's 0.9845 break are higher, which in-turn...


Technical Overview: EURUSD, USDJPY, AUDUSD And USDCAD

December 06, 2016 12:35

EURUSD

EUSDUSD's bounce from 1.0500 may find it hard to clear resistance-line of a short-term descending trend-channel, around 1.0800 - 1.0805, signaling brighter chances of its pullback towards 1.0685. Even if the pair manages to surpass 1.0805, the 1.0850-60 horizontal-line and the 50-day SMA level of 1.0905 could limit its...


Technical Talks - Hot Picks of the day !

December 06, 2016 09:18

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

DOWN

1.0690

1.0620

1.0810

1.0855

GBPJPY

UP

146.20

147.85

143.65

141.70

EURCAD

DOWN

1.4220

1.4165

1.4300

1.4360

With an expected pullback in EURUSD and a sustained weakness of the JPY, coupled with GBP strength, chances to witness EURUSD pullback...