EUR/GBP has taken trendline support at 0.7850 and edged higher, but we do not see scope for much upside. The pair is flirting with highs near 0.7900, breaks above to target 0.7946 (Mar 24th highs). Three-month implied volatility gauge rose to almost six-year high last week, indicating investors are bracing up for a sharp swings. Brexit risks will keep GBP weak...
FTSE100 Target 1 achieved @ 6080. Book partial Profits
Major support 1.4320 Major intraday resistance -1.4370 It is good to sell on rallies around 1.4315-1.4320 with SL around 1.4370 for the TP of 1.4251/1.4195
On daily chart, although we see some bounces today in AUD/NZD, it has lost buying momentum ever since it hasn't been able to hold and sustain the resistance at 1.1290 levels. You can probably make out the current prices have still been fallen below 7 & 21DMA curves. In addition to that, 21DMA crossing over 7DMA which is sell signal. Break-out below support at...
As shown in the diagram The ATM IVs of AUDJPY of 1W expiry is at around 13.39%. While, sensitivity tool signals more positive change in premiums in OTM strikes scenarios. And the same also shows high probability numbers for OTM strikes when compared to the ITM strikes, that means these the ATM puts will have higher likelihood of expiring in the money. ATM...
Major support – 9850 (trend line joining 9757 and 9807) Major resistance -10100 The index has broken major support 9850 and declined till 9807 at the time of writing. It is currently trading around 9817. Intraday trend is weak as long as resistance 9900 holds. Any break above 9900 will take the index till 10000/10100. On the lower side any break below 9800...
Long Legged Doji forms at peak of 86.173 levels with leading oscillators divergence, speculative range 84-86.700. You can figure out from the monthly chart as well that the attempts of recovery has been showing weakness at 85.646 to drop below 21 &7 EMA curves as the strong supply seen at this level for this pair. To substantiate this bearish stance, both RSI...
Candlestick Pattern- Shooting Star Major resistance -1.14375 The pair has made a high of 1.14117 and slightly retreated from that level. It is currently trading around 1.13802. Short term trend is slightly weak as long as resistance 1.14375 holds. Market awaits US Non Farm Payroll data which is to be released for further direction. US NFP is expected to show...
AUD/USD was dragged down by risk-aversion in early Asian session, the pair slipped from day's highs at 0.77 to hit lows of 0.7647. The Aussie attempted a minor recovery after Chinese PMI data helped cushion the downside in the prices. The Chinese Manufacturing PMI rose from 49.0 in February to nine-month high of 50.2 in March. While March Caixin manufacturing...
Major Support - 16500 The index has broken major support 16500 and declined till 16253 at the time of writing.It is currently trading around 16278.Short term trend is bearish as long as resistance 16700 (7 W EMA) holds. Any break below 16500 confirms minor trend reversal , a decline till 16000/15500 is possible .On the higher side major resistance is around...
On daily charts, USDBRL has formed descending triangle. The prices have been consistently below 21DMA, price slumps have remained below sloping side of the triangle ever since it has dropped from the resistance at 4.0145 levels. RSI is in convergence to the declining trend. While, %D crossover on stochastic oscillator signals selling momentum is intensified. On...
From last 5 days attempts of spike has now been struggling at 0.7382 levels, it has bounced from 0.7302 to 0.7403 levels (today's high) in last 5 days. We now emphasize "0.7382" areas as stiff resistance of sloping channel as shown on the monthly graph. 21DMA has crossed over 7DMA that signals sell, as a result we are seeing bearish candle t sloping trend...
Candlestick Pattern- Gravestone Doji Major resistance – 1.4460 The pair has made a high of 1.4459 yesterday and declined till 1.4325 at the time of writing. It is currently trading around 1.43825. Short term trend is weak as long as resistance 1.4460 holds. Any break above 1.4460 will take the pair to next level till 1.4520/1.4580. On the lower side major...
Technical Inference: Broken rising wedge base on daily chart at around 1240 levels. Currently, experiencing resistance between 1245-1250 range. Daily RSI has been converging downwards with every dips ever since it has dropped from top-line of wedge formation. Although, the current prices have jumped today, it has still remained below 21DMA. On a broader...
GBP/NZD has been trading a falling wedge formation and has resumed downside after multiple rejections at wedge top. Downside has been supported with rising volumes and Technicals confirm further downside. Resistance on the upside is located at 2.0964 (5-DMA), 2.1049 (10-DMA) and 2.1200 (Wedge top). On the other side, supports are seen at 2.0751 (session low...
Major resistance – 6245(200 day MA) Major support - 6080 The index has retreated after making a high of 6220 yesterday. It is currently trading around 6165. Major resistance is around 6245 (200 day MA) and any break above 6245 confirms major trend reversal, jump till 6325/6348 is possible. The minor resistance is around 6220. On the lower side minor support...
The current EURAUD ATM implied volatilities are observed at 15.04% (1D) and 12.35% for 1W tenors. Ahead of data event in Eurozone, we see these higher volatility times in this pair. We have list of important economic data events for today as lined below: German retail sales that has produced disappointing numbers at -0.4%, a drop from previous -0.1%. French...
The weekly prices slid below 7 & 21DMAs, attempting to break neckline supports 1.4670 with downward convergence by leading oscillators. See for break below major support -1.4670 (neckline of double top). On monthly charts, the pair retreats after the formation of shooting star at 1.5223 level. See for more weakness upon rejection below resistance 1.6216 and...