Chart Of The Day: EURAUD Breaks Horizontal Support, Signals Further Downside

December 14, 2017 05:55

With the clear break of 1.5450-60 horizontal-support, the EURAUD signals further downside to 1.5390 before taking a rest around 1.5350-45 region. However, pair's additional south-run beneath 1.5345 might find it hard to conquer a two-month old upward slanting trend-line figure of 1.5280, which if broken could drag the quote towards...


Technical Overview of GBPUSD, GBPJPY, GBPAUD & GBPNZD: 13.12.2017

December 13, 2017 12:39

GBPUSD

Although better than expected UK Earnings triggered the GBPUSD's bounce, the pair still remains below a short-term ascending trend-line, at 1.3370, that it broke yesterday. As a result, the pair's pullback to 1.3300 round-figure can't be denied if FOMC pleases the greenback Bulls; however, 50-day SMA level of 1.3245...


Technical Talk: 13.12.2017

December 13, 2017 08:17

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

EURUSD

UP

1.1720

1.1700

1.1775

1.1840

USDJPY

DOWN

113.00

112.85

113.70

114.00

AUDCAD

DOWN

0.9710

0.9690

0.9735

0.9765

Considering the EURUSD's repeated bounces from 1.1730-20 support-zone, chances of the pair's break of short-term "Falling-Wedge" resistance, at 1.1775 now, on FOMC's...


Chart Of The Day: AUDCAD Struggles To Clear Immediate TL Resistance

December 13, 2017 05:54

Even after registering gradual recovery during last one-week, the AUDCAD is presently struggling with an immediate trend-line, at 0.9735, in order to justify its strength in targeting the 0.9765 and the 0.9780-90 horizontal-region. Should the pair manage to clear the 0.9735 and successfully trade beyond 0.9790, the 0.9830, the 0.9860...


Technical Update For EURUSD, USDJPY, AUDUSD & NZDUSD: 12.12.2017

December 12, 2017 12:01

EURUSD

Considering the EURUSD's another bounce from 1.1730-20 horizontal-region, it seems that the pair is all set to confirm a short-term "Falling-Wedge" bullish pattern with a break of 1.1795, which in-turn could open the door for its north-run to 1.1875-80; however, 1.1840 might act as a buffer during the rally....