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Technical Analysis (Page 2)

2024-06-18
WTI Crude Oil’s pullback appears elusive beyond $78.00

WTI crude oil pares the biggest daily gain in a week while posting mild losses near $79.50 early Tuesday.

2024-06-17
USDJPY pokes key resistance amid mixed market, light calendar

USDJPY struggles to defend a two-day winning streak and the weekly gains while jostling with a seven-week-old symmetrical triangle’s resistance line early Monday.

2024-06-14
Crude Oil buyers brace for a bumpy road ahead, focus on $79.50

WTI Crude Oil picks up bids to reverse the previous day’s retreat from a seven-week-old falling resistance line.

2024-06-13
Gold snaps three-day uptrend, impending “Death Cross” keeps sellers hopeful

The US Federal Reserve’s (Fed) hawkish halt failed to impress the US Dollar buyers as softer inflation data raised doubts.

2024-06-12
EURUSD traders should focus on 1.0790, US inflation, and Fed meeting

EURUSD licks its wounds at the lowest level in six weeks as the pair traders await the US Consumer Price Index (CPI) for May.

2024-06-11
GBPUSD defends week-start recovery as UK employment data looms

GBPUSD stays defensive above 1.2700 as traders await the UK’s monthly employment data early Tuesday.

2024-06-10
USDJPY approaches key upside hurdle as Fed, BoJ week begins

USDJPY extends Friday’s recovery from the 50-SMA while rising toward a six-week-old descending resistance ahead.

2024-06-07
“Golden Cross” directs Gold buyers toward $2,400 as US NFP looms

Gold braces for the first weekly gain in three even as it seesaws at the highest level in a fortnight early Friday.

2024-06-06
EURUSD bulls need validation from 1.0920 and ECB

EURUSD prints the first daily gains in three while approaching the top line of a two-month-old rising wedge bearish chart formation.

2024-06-05
Australia GDP, rising wedge lure AUDUSD bears despite latest rebound

AUDUSD picks up bids to consolidate the biggest daily loss in a fortnight early Wednesday.

2024-06-04
GBPUSD crosses key resistance to refresh 11-week high

GBPUSD rises to the highest level since mid-March by crossing an 11-month-old descending resistance line.

2024-06-03
Crude Oil bears attack key support despite OPEC+ verdict

WTI Crude Oil prints a four-day losing streak while falling to over a week’s low early Monday.