Chart Of The Day: Short-Term Descending Resistance-Line Challenges EURGBP Buyers

In spite of rallying to a fortnight high during last-week, the EURGBP couldn’t surpass short-term descending resistance-line, which in-turn highlights the importance of 0.8880 support, comprising 100-day SMA. Should present pullback stretches below 0.8880, the 50-day & 200-day SMA confluence, near 0.8835-30, seems crucial for sellers as break of which can drag the quote to … Read moreChart Of The Day: Short-Term Descending Resistance-Line Challenges EURGBP Buyers

Technical Talk: 16.11.2018

Pair Trend Support 1 Support 2 Resistance 1 Resistance 2 USDCHF UP 1.0045 1.0000 1.0115 1.0170 GBPUSD UP 1.2700 1.2660 1.2840 1.2920 GBPJPY UP 143.50 142.45 145.85 147.20 Sustained trading beyond 1.0045 continue fueling the USDCHF towards 1.0105-15 resistance-region, which if broken could escalate the pair’s rally towards 1.0170 & 1.0250 upside barriers. However, break … Read moreTechnical Talk: 16.11.2018

Important AUD Pairs’ Technical Outlook: 14.11.2018

AUDUSD While pullbacks from 0.7235-40 indicate the AUDUSD’s dip to re-test fortnight old ascending TL, at 0.7180 now, it’s further declines are less likely as not only upward slanting support-line but the 0.7165-60 area also stands ready to challenge the sellers. As a result, chances of the pair’s U-turn to 0.7265 on the break of … Read moreImportant AUD Pairs’ Technical Outlook: 14.11.2018

WhatsApp chat