Technical Update For Gold, Silver & WTI Crude Oil: 23.02.2018

Fri, 23 Feb 2018 12:04

GOLD

Following its failure to extend latest bounce, the Gold prices re-test two-month old TL support, around $1325.50, breaking which 50-day SMA level of $1319 and the $1307 are likely rests that it could avail before testing the $1298 support-mark, near to 100-day SMA. Moreover, the Bullion's sustained downturn beneath...


Technical Talk: 23.02.2018

Fri, 23 Feb 2018 09:21

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

NZDUSD

DOWN

0.7250

0.7210

0.7355

0.7370

USDCAD

UP

1.2670

1.2630

1.2720

1.2755

EURJPY

UP

131.20

131.00

132.30

132.50

Looking at the NZDUSD's recent dip below 0.7300, the pair is likely declining towards 0.7250 TL support while 0.7355 and the 0.7370...


Chart Of The Day: EURJPY Has Some Important Supports To Break Before Declining Further

Fri, 23 Feb 2018 06:17

Even after declining to the lowest levels in nearly three-months on Thursday, the EURJPY couldn't break an upward slanting trend-line stretched since late-November and is presently witnessing pullback moves that may propel it towards the 132.30, the 132.50 and then to the 133.10 resistance-levels. Should the pair manage to conquer...


Technical Checks For USDJPY, AUDJPY, NZDJPY & CHFJPY: 22.02.2018

Thu, 22 Feb 2018 12:49

USDJPY

Having been defeated by 107.90 again, the USDJPY seem declining towards 107.00 re-test, breaking which 106.70 and the 106.40 are likely to appear on the chart. In case if the pair continue trading down below 106.40, the 106.00 may act as a small barrier during its south-run in direction...


Chart Of The Day: CADJPY Struggles Around Horizontal Support-Zone, Pullback Expected

Thu, 22 Feb 2018 06:32

Ever since the CADJPY dropped beneath the 200-day SMA, it kept on trading southwards and recently tested near eight-month low; however, oversold RSI did trigger the pair's pullback from 84.40-50 horizontal-support during late last-week which it failed to sustain and is again trading around the same rest-area on early-Thursday. Considering...