Technical Analysis

Technical Update - EURUSD, GBPUSD, AUDUSD and NZDUSD
April 07, 2015 - 15:35
Following a sharp fall on Friday last week, led by disappointing US jobs data, the US Dollar on Monday traded in a range against other major currencies with a positive bias amid tepid trading activity. On Tuesday, however, the US Dollar is witnessing a mixed performance against other major currencies -  trading weaker against AUD after RBA left its policy rates unchanged, with some strength against EUR and largely flat against GBP and NZD. This week USD is unlikely find any major support from slim US economic calendar but market...
Technical Update - EURNZD and NZDCHF
April 03, 2015 - 14:52
As is the case with rest of the currencies, NZD on Thursday witnessed some range bound moves as investors await for the release of US NFP data later on Friday. Meanwhile, here is a technical update on EURNZD and NZDCHF. ALSO READ: A Week Loaded With Important Economic Data EURNZD Following a decisive strength above a short-term descending trend-channel, the pair now seems to face resistance near 1.4500 area, marking 23.6% Fib. retracement level of Feb.-March 2015 down-leg. A move above this immediate resistance is likely to be followed by...
Technical Outlook - Gold, Silver and US Dollar Index
April 03, 2015 - 14:44
Weaker economics and dovish FOMC continue forcing the market players to avoid expecting near-term interest rate hike by the Federal Reserve and in-turn hurting US Dollar. In the same line, this uncertainty continues supporting safe haven demand of the precious metals that could be witnessed in the sustained breakout of Gold and Silver. Given the backdrop, the following is a brief technical overview of Gold, Silver and US Dollar Index (I.USDX). GOLD Having breached descending trend channel, the Gold prices continue trading between its 100-...
Technical Overview - Important CAD Pairs
April 02, 2015 - 15:27
Wednesday's gains in crude oil prices helped CAD register gains against its major counterparts. Investors, however, await for the release of the most keenly watched economic indicator from the US, monthly jobs report, popularly known as Non-Farm payrolls data (NFP), in order to determine the near-term direction in the Forex market. ALSO READ: A Week Loaded With Important Economic Data Meanwhile, here is a technical outlook on important CAD pairs - USDCAD, EURCAD, GBPCAD and CADJPY. USDCAD The pair continues oscillating within a broad...
Technical Overview - USDCHF, EURCHF, GBPCHF and CHFJPY
April 02, 2015 - 15:19
With the improvement in Swiss Economic Barometer and Manufacturing PMI readings, published on Monday and Wednesday respectively, the Swiss Franc (CHF) is likely heading towards another across the board weekly advance. However, US labor market details, scheduled during the long weekend Easter Holidays, could provide meaningful information to determine near-term Forex market movement. Also Read: A Week Loaded With Important Economic Data Given the backdrop, the following is a brief technical overview of USDCHF, EURCHF, GBPCHF and CHFJPY...
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