Search

Client support: Phone: +357 (22) 008796

Technical Analysis

Pairs:




07 November 2018
  • 10:18

    EURUSD: Euro Posts a Bullish Breakout

    EURUSD: Euro Posts a Bullish Breakout 07.11.2018


    The greenback was trading broadly lower on Wednesday as traders took the latest election results negatively and the US Dollar was sold-off. Thus, the EURUSD pair pushed higher and was seen to be 0.40per cent stronger during the London session, changing hands at two-week highs, near 1.1480.

    The pair managed to jump above the first important resistance at 1.1445 and therefore, posted a bullish breakout from the latest consolidation zone. As long as the single currency trades above 1.1445, the short-term outlook seems bullish.

    Bulls may target the 1.15 level now, but it appears that the Dollar index made a double top pattern recently, which could lead to deeper losses for the greenback. Therefore, the next area of interest for bulls might be at 1.1550.

    On the other hand, if the 1.1445 support cracks, the next level might be at around 1.1380, where the short-term bullish trend line is converged with another horizontal support.

     

    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.

     

  • 09:41

    CADCHF: Swissie Seems Ready to Accelerate Higher


    CADCHF: Swissie Seems Ready to Accelerate Higher 07.11.2018


    The Loonie-Swissie cross has been trading in a triangle pattern over recent days and the price is currently testing the lower bound of this triangle pattern today (Wednesday), as the cross is down by 0.20 per cent and it was trading at around 0.7620 during the London session.

    If the price drops further below the support line, currently at 0.7625, the short-term outlook could switch to bearish, with the next target at the medium-term upward trend line near 0.7580. This trend line is very important for bulls, because if they do not defend it, the medium-term outlook could switch to bearish. The next zone might be at around 0.7550, where both the 200- and 100-day moving averages converge.

    On the upside, the resistance might be near 0.7650 and could move to the upper line of the triangle pattern near 0.7670. If this one is broken, the bullish trend could be confirmed, with the next level of interest at the current swing highs at 0.7720.

    The RSI indicator is yet to send a bearish signal, but if it declines below the green horizontal line, the downward momentum could be supported by this breakdown.  

    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