Technical Analysis

Technical Outlook - Important JPY Pairs
April 22, 2015 - 15:13
Although, uncertainty over the Fed rate and the Grexit, coupled with the improvement in Japanese Trade Balance, continue supporting Japanese Yen (JPY) demand, recent surge in commodity prices and the Saudi Arabia's announcement of wrapping up its three-week operation in Yemen suppressed the JPY gains. Moreover, expectations that the BoJ is preparing to lower its inflation outlook in its bi-annual economic outlook review, during next Thursday, provided additional fuel to the JPY pullback. Even if the Yen strengthened against its US...
Technical Outlook – EURUSD, GBPUSD, NZDUSD and AUDUSD
April 21, 2015 - 15:22
On Monday, hawkish comments from the New York Fed President, William C. Dudley, helped the US Dollar reverse some of its last week’s data driven losses. The greenback extended its gains on Tuesday against EUR and GBP while remained a tad weaker against NZD and AUD. With the lesser economics scheduled during the week, market players await Manufacturing PMIs from China and Euro-zone, Australian CPI and the US Housing Market details coupled with Durable Goods Orders in order to determine near-term moves of these major pairs. Also Read:...
Technical Update - USDCHF, EURCHF and CADCHF
April 17, 2015 - 15:27
Following its big up-surge post SNB surprise move and a subsequent retracement from higher level, the Swiss Franc has been slowly and gradually regaining some strength against majority of its counterparts. Given the backdrop here is a brief technical update USDCHF, EURCHF and CADCHF. USDCHF The pair once again has dropped back to its previous resistance now turned strong support near 0.9500 mark, also coinciding with 38.2% Fib. retracement level of post SNB up-move. A decisive break below this important support now seems to open room for...
Technical Outlook – US Equity Indices
April 17, 2015 - 15:10
On-going earning season, coupled with weaker US economics and uncertainty over the Fed’s first interest rate hike since 2006, continue fueling volatility into the US equity market, as signaled by the major equity indices namely Dow Jones Industrial Average (DJI30), Nasdaq Index (NQ100) and the S&P (SP500). While Descending trend-line continues restricting DJI30 up-move, the SP500 and NQ100 are looking weaker as well. Given the backdrop, the following is a brief technical overview of Dow Jones Industrial Average (DJI30), Nasdaq (...
Technical Update - Important GBP Pairs
April 16, 2015 - 15:13
Following the release of disappointing manufacturing data from the US, the US Dollar weakened broadly against majority of its counterparts. The greenback reaction, however, varied against other major currencies with the commodity currencies - AUD, NZD and CAD strengthening the most, while GBP and JPY registering nominal gains. This resulted into GBP weakening against AUD, NZD and CAD while gaining some ground against JPY. On Thursday, however, GBP is witnessing some mixed performance against other major currencies, gaining some ground...
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