Technical Analysis

GBPUSD making bearish swings


The GBPUSD has spiked above 1.4600 zone and as I have shown in the latest AUDUSD coverage very often a retracement is mistaken for a trend change which is wrong. Similarly to AUDUSD (which has perfectly rejected from POC making 180 possible pips), the GBPUSD is in a similar situation....


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Chart Of The Day: GBPUSD Pulled Back From 50-day EMA


Even as upbeat data-points from the UK, coupled with not so dovish remarks in BoE's quarterly inflation report, fueled the GBPUSD's recovery from 1.4080 towards marking the highest level in a month, the pair failed to surpass the 50-day EMA on a closing, indicating a pullback to 1.4360-50 immediate support....


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US Equity Indices: Technical Check


Dow Jones Industrial Average [DJI30]

The 38.2% Fibonacci Retracement of its May – August 2015 south-run, near 16440-50 region, seems currently restricting the DJI30 bounce from 15450 mark, which if broken can quickly accelerate the index towards 16620 and the 16700 resistance levels. Should the equity gauge continue extending its...


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Technical Update - EURCAD, GBPCAD and CADJPY


EURCAD

Although the pair continues to hold and rebound from a short-term ascending trend-line support, it has failed to extend the momentum 1.5410-30 immediate horizontal resistance. Sustained move above 1.5410-30 resistance, leading to a subsequent strength above 1.5500 round figure mark, is likely to assist the pair back towards 1.5600...


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Chart Of The Day: NZDUSD Again Confronts 200-day SMA


NZDUSD's recovery rally from 0.6400 area, coupled with upbeat New-Zealand job numbers, fueled the pair towards surpassing the 100-day SMA and the 23.6% Fibonacci Retracement of its April – September 2015 downside by printing the highest level in a month; though, 200-day SMA again stopped the pair's advance on Thursday...


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