Technical Analysis

Technical Update - EURUSD, GBPUSD, NZDUSD and USDJPY
May 05, 2015 - 15:10
On Monday, the US Dollar moved higher against EUR and GBP but traded with slightly negative bias against NZD and JPY on the back of weak manufacturing PMI data from China and Euro-zone. Going forward, labor market reports from New Zealand, Australia, Canada and the keenly watched US Non-Farm Payrolls, along with other important economic releases and UK Parliamentary election, would be on the top of investors watch-list this week. Given the backdrop, here is a technical update on important major currency pairs - EURUSD, GBPUSD, NZDUSD...
US Equity Indices - Technical Update
May 01, 2015 - 15:03
Following the release of dismal US economic growth data for the first-quarter of 2015 and FOMC statement, that left open the possibilities of a June rate-hike, the US equity indices on Thursday extended its weakness witnessed on Wednesday and came under severe selling pressure. On Friday, however, the indices are poised for a minor rebound as investors now look forward to next week's release of April jobs data to get clues to a better economic activity in the second quarter of 2015. Meanwhile, here is a technical update for important...
Technical Outlook- Gold, Silver and US Dollar Index (I.USDX)
May 01, 2015 - 14:41
With not-so-hawkish FOMC and weakest pace of GDP growth in a year, US Dollar extended its recent declines during last week. Precious metals took this benefit and are likely on the way to register first weekly advance in four; however, technical resistances triggered some amount of long liquidation on Thursday and Friday as well. After the dismal GDP readings, US NFP, scheduled during the next week, coupled with UK elections and RBA meeting, are some of the important readings that could provide considerable moves into the Gold, Silver and...
Technical Update - USDCHF, EURCHF, CADCHF and AUDCHF
April 30, 2015 - 15:34
Investors, on Wednesday were busy evaluating a surprisingly weak US GDP data for the first quarter of 2015 and FOMC statement that suggested the possibilities of a rate-hike in June meeting. Amid the mixed reaction by various market participants, the Swiss Franc (CHF) strengthened broadly against most major currencies and continued to do so on Thursday also. Given the backdrop, here is a technical update on USDCHF, EURCHF, CADCHF and AUDCHF. ALSO READ: Central Bankers Fueled Forex Market Volatility USDCHF On daily chart, the pair has...
Technical Overview - EURAUD, EURNZD, EURCAD and EURJPY
April 29, 2015 - 15:36
On Tuesday, Euro witnessed mixed performance against other major currencies. The Euro-zone common currency remained weak against broadly recovering AUD and NZD while managed to register gains against CAD and JPY. Investors now await for the release of first-quarter 2015 US GDP data and FOMC monetary policy statement later on Wednesday. In the meantime, here is a technical update on important EUR pairs, namely - EURAUD, EURNZD, EURCAD and EURJPY. ALSO READ: Crucial Releases To Keep Forex Traders Busy EURAUD The pair on Tuesday dropped to...
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