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Market Analysis (Page 30)

2023-11-23
GBPUSD bounces off 200-SMA ahead of UK PMIs

GBPUSD ended a three-day winning streak following the UK's Autumn Statement, which failed to impress buyers of the British pound (Cable).

2023-11-22
EURUSD bulls prod golden Fibonacci ratio amid overbought RSI

The EURUSD currency pair is currently trading close to its highest level in 14 weeks.

2023-11-21
USDCAD sellers need validation from 1.3670 and Canada inflation data

USDCAD fades the week-start recovery as market players await Canada inflation data on early Tuesday

2023-11-20
USDJPY drops to three-week low on breaking 150.00 key support

USDJPY prints a three-day losing streak as it slides to the lowest level in three weeks amid early Monday.

2023-11-17
EURUSD hovers around key resistance, focus on ECB’s Lagarde

EURUSD appears all-set for the weekly gain even if a three-month-old descending resistance line and the overbought RSI (14) restrict the pair’s immediate upside.

2023-11-16
Gold price recovery appears elusive below $1,975

Gold price braces for the first weekly gain in three while defending the week-start rebound.

2023-11-14
GBPUSD fades bounce off 21-SMA, UK inflation, US inflation eyed

GBPUSD snaps a two-day winning streak with mild losses around 1.2270 as traders await the UK employment and the US inflation data on early Tuesday.

2023-11-13
USDJPY bulls eye another battle with 4.5-month-old resistance line

USDJPY rises for the sixth consecutive day while poking the yearly high marked in October, mildly bid near 151.70 during early Monday.

2023-11-10
GBPUSD drops towards 1.2200-2190 support confluence

GBPUSD remains on the way to posting a weekly loss after declining in the last four consecutive days.

2023-11-09
EURUSD edges higher within bear flag, central bankers eyed

EURUSD consolidates the previous losses within a six-week-old rising channel, currently between 1.0760 and 1.0590.

2023-11-08
Bull flag challenges Gold sellers ahead of Fed Chair Powell’s speech

Gold price remains pressured at the lowest level in two weeks, down for the third consecutive day.

2023-11-07
AUDUSD fails to cheer RBA rate hike, extends pullback from 100-SMA

AUDUSD drops nearly 50 pips even after the Reserve Bank of Australia (RBA) matches expectations of announcing a 0.25% rate hike.