NZDUSD channel analysis

NZDUSD technical analysis: Testing critical channel resistance level | 20th June, 2017

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Bearish trade setup in the NZDUSD pair near the channel resistance First Critical Resistance: 0.7300 Second Critical Resistance: 0.7402 First Critical Support: 0.7095 Second Critical Support: 0.6830 Overall Sentiment: Bearish ∇ There NZDUSD pair has rallied higher for the last consecutive 5 week and currently, the bullish momentum of this pair has ceased after the pair Read More

USDCHF technical analysis, 2017

USDCHF preparing for its first bullish correction wave |10th June, 2017

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USDCHF Technical Analysis: Preparing for its first bullish correction wave |10th June 2017 First Critical Resistance: 0.9810 Second Critical Resistance: 0.9890 First Critical Support: 0.9616 Second Critical Support: 0.9540 Overall Sentiment: Bullish Δ There has been a massive decline in the USDCHF pair after the U.S dollar index fell from its 14-year record high in the Read More

GBPUSD technical analysis

GBPUSD heading towards broken trend line resistance |29th May, 2017

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GBPUSD Technical Analysis: Minor bullish retracement is in place |29th May 2017 First Critical Resistance: 1.29068 ( broken trend line resistance ) Second Critical Resistance: 1.30448 First Critical Support: 1.27732 Second Critical Support: 1.25951 Overall Sentiment: Slightly Bullish Δ The GBPUSD pair broke the 4-hour medium-term bullish trend line support level and stopped its bearish Read More

USDJPY back into ascending channel zone | 18th May 2017

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USDJPY technical analysis: Back into the daily ascending channel |18th May 2017 First critical Resistance: 111.48 (Channel resistance) Second critical Resistance: 115.42 (High of 10th March 2017) First critical Support: 107.96 Second Critical Support: 105.40 Overall Sentiment: Bearish∇ The USDJPY pair rallied higher and broker the channel resistance level but ultimately failed to keep its Read More