Technical Analysis

Technical Outlook - EURNZD, GBPNZD, NZDJPY and AUDNZD
May 07, 2015 - 15:26
Wednesday's disappointing New-Zealand employment data dragged NZD lower against majority of its counterparts. Wednesday's weakness seems to continue on Thursday as the Kiwi continues heading lower against its major counterparts. Given the backdrop, here is a technical update on important NZD pairs, namely - EURNZD, GBPNZD, NZDJPY and AUDNZD.  ALSO READ: Labor Market Details To Play Crucial Role This Week EURNZD The pair on Wednesday, decisively conquered an important resistance near 1.4860-80 area, comprising of 100-day SMA...
Technical Outlook - USDCHF, EURCHF and GBPCHF
May 07, 2015 - 15:00
Even after registering no change in Swiss Manufacturing PMI and SECO Consumer Climate, published on Monday and Thursday respectively, the Swiss Franc (CHF) continued its upward trajectory against majority of its counterparts during the current week. The Swiss currency surpassed its three months’ high against USD and GBP while it is trading near two weeks’ high against its European counterpart. With no major releases left for publishing, market players are likely to concentrate on the UK election outcome and US labor market...
Technical Overview - GBPAUD, GBPCAD, GBPJPY
May 06, 2015 - 15:22
Even as the UK construction PMI data, released on Tuesday, printed lower-than-expected figure, GBP managed to register gain against majority of its counterparts, except against AUD and NZD. GBP's relative strength against other major counterparts was despite of the concerns over Thursday's Parliamentary Election, where opinion polls still indicate the possibility of a hung parliament. Meanwhile, here is a technical update on some of the important GBP cross currency pairs - GBPAUD, GBPCAD, GBPJPY. ALSO READ: Labor Market Details To...
Technical Outlook - Important CAD Pairs
May 06, 2015 - 15:18
On Tuesday, record breaking Trade Deficit failed to weaken the Canadian Dollar (CAD) against majority of its counterparts as Crude price, Canada’s main export, rallied to its 2015 highs on concerns of oil supply disruptions from Libya. Even if the OPEC meeting, scheduled for the next month, could play pivotal role in determining near-term Crude prices, and the CAD prices as well, monthly reading of Building Permits and the Canadian labor market announcements, scheduled for Thursday and Friday, could provide meaningful information to...
Technical Outlook - EURGBP, EURAUD and EURJPY
May 05, 2015 - 15:17
Having registered its best month in almost nine during April, mainly fueled by the ECB’s QE, the Euro witnessed some sort of pullback against majority of its counterparts during the early month trading days. On Monday, the European currency reversed back from its 100-day SMA against its US, UK, Australian and Japanese counterpart and is currently extending its decline against USD, GBP and AUD while strengthened a bit against JPY. With no major European details scheduled during the week, market players will await talks between Greece...
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