Search

Client support: Phone: +357 (22) 008796

Technical Analysis

Pairs:




05 November 2018
  • 11:10

    NZDUSD: Kiwi Tests 100 DMA

    NZDUSD: Kiwi Tests 100 DMA 05.11.2018


    Our previous NZDUSD analysis seems to be correct and the NZDUSD pair rocketed higher in previous week as the Kiwi rose 2 per cent on Thursday. The NZDUSD pair was seen to be trading at 0.20per cent higher on Monday and is now testing the 100-day moving average near 0.6660.

    If the Kiwi jumps above the 100-day moving average, the current bullish momentum could be confirmed, targeting the strong resistance of 0.6720, where pervious highs and lows converged.

    On the downside, the pair must defend the first major support of 0.66 if bulls want to consider maintaining the current bullish breakout. Another buying zone could be at the broken trend-line, which is near 0.6560.

    The Dollar index failed to push to new cycle highs and slid from the 97.00 level, which could boost the Kiwi over the next few days. Moreover, the NZD is heavily oversold and if investors start to exit their short positions, the Kiwi could push further higher.

    Disclaimer:

    Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

     

     

  • 10:30

    GBPUSD: Cable Retakes 1.30, Fights for 100 DMA

    GBPUSD: Cable Retakes 1.30, Fights for 100 DMA 05.11.2018


    The Pound soared on Thursday, which brought the GBPUSD pair back to the psychological level of 1.30 and the Sterling is now trying to settle above this level. It was seen at 0.25 per cent stronger during the London session on Monday.

    The next resistance for bulls is at the 100-day moving average near 1.3040 and if this level is broken, the trend might switch back to bullish, at least from the short-term point of view. Another area which could be worth paying attention to at the short-term bearish trend line, could be slightly below the 1.32 mark.

    On the other hand, the support for today’s trading could be at 1.2920. For this positive outlook to be maintained, the Pound needs to stay above this level.

    The major support remains at last week’s lows at 1.27 and it seems like this could be a double bottom formation on the daily chart. If the Sterling receives a positive boost from an unexpected soft Brexit deal, the resistance of this pattern could be at 1.33, with the potential of this formation toward the 1.39 level.

    The Dollar index failed to push to new cycle highs and slid from the 97.00 level, which could boost the Sterling over the next couple of days.

    Disclaimer:

    Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

Market Focus

  • Irish PM Varadkar: Ideally Would Get Brexit Deal By Year End
  • The sentix overall index for Euro Area fell again in November from 11.4 to 8.8 points
  • UK consumer credit increased by £0.8bn in September
  • Spanish unemployment continues at its lowest levels in the last 9 years
November 2018
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
3
4
19
20
21
22
23
24
25
26
27
28
29
30

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    © 2011-2018 TeleTrade DJ Limited

  • Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work both to your advantage and disadvantage. There is a possibility that you may lose all of your initial investments, so you should not risk more than you are prepared to lose.

  • Prior to trading you should make sure you fully understand all the risks involved and take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but if the risks seem still unclear to you, please seek independent advice.

  • The information presented on this website should not be perceived as a basis for investment decision making and is intended solely for informational purposes.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page