Technical Analysis

Technical Outlook - GBPJPY, GBPNZD, GBPAUD and GBPCAD
May 13, 2015 - 15:26
Extending its last week's strong momentum on Monday, led by Conservative Party's victory in UK Parliamentary elections, the British Pound (GBP) on Tuesday witnessed some profit taking move against AUD and CAD but built on its gains against JPY and NZD. On Wednesday, however, GBP witnessed broad based selling against majority of its counterparts as the BOE, in its quarterly inflation report, lowered its economic growth forecast. Given the backdrop, here is a technical update on GBPJPY, GBPNZD, GBPAUD and GBPCAD. ALSO READ: Global...
Technical Update - EURUSD, GBPUSD, AUDUSD and NZDUSD
May 12, 2015 - 15:35
On Monday, except for GBP, Greek exit continued weighing on investor sentiment and thus drove the US Dollar higher against majority of its counterparts. On Tuesday, however, erased its gains as investors now look forward to global economic releases in order to determine the trend for upcoming week. ALSO READ: Global Economic Releases To Drive The Forex Market Meanwhile, here is a technical update on important major currency pairs - EURUSD, GBPUSD, AUDUSD and NZDUSD. EURUSD On daily  chart the pair now seems to have conquered 100-day...
Technical Outlook – EURAUD, EURJPY and EURGBP
May 12, 2015 - 15:30
On Monday, deadlock during Eurogroup meeting, between Greek policy makers and its international creditors, stretched last weekend’s Euro losses against majority of its counterparts. The regional currency kept trading negative against its UK and Australian counterparts on Tuesday while it strengthened against JPY towards registering first positive day in four. With lesser economics to track from the Europe, except Flash GDP reading for Q1 2015, market players are likely to concentrate more on the outcome of Eurogroup meeting to...
Technical Update - AUDUSD, AUDJPY and AUDCHF
May 08, 2015 - 15:16
On Thursday, the decline Australian Dollar (AUD) lost its early week gains against most major currencies led by slightly disappointing Australian employment details. On Friday, however, it managed to recover some of the lost ground and is currently trading nearly unchanged against USD while is trading with some gains against JPY and CHF. Given the backdrop, here is a technical update on AUDUSD, AUDJPY and AUDCHF. ALSO READ: Labor Market Details To Play Crucial Role This Week AUDUSD Thursday's weakness spilled over on Friday but...
Technical Outlook - CADCHF, CHFJPY and NZDCHF
May 08, 2015 - 15:10
Having registered negative closing against its Canadian, Japanese and New Zealand counterparts, the Swiss Franc kept its upward trajectory intact during Tuesday and Wednesday while there was considerable volatility amongst CHF pairs on Thursday that summed up with a CHF decline. Further, the Swiss currency extended its Thursday losses during early trading sessions on Friday when market players celebrated victory of ruling party in UK general election 2015. With majority of the current week’s scheduled updates are already out, market...
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