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Market Analysis (Page 31)

2023-06-07
USDCAD portrays bearish consolidation on BoC Day

USDCAD remains unimpressive after breaking a seven-week-old horizontal support zone the previous day.

2023-06-06
AUDUSD bulls can keep control beyond 0.6560 on RBA Day

AUDUSD struggles to defend the previous weekly rebound from the yearly low as traders await the Reserve Bank of Australia’s (RBA) monetary policy decision.

2023-06-05
EURUSD bears have a bumpy road to travel

EURUSD’s failure to cheer the US Dollar’s first weekly loss in four appears less positive for the pair bears.

2023-06-02
Gold buyers look set to recapture $2,000 on US NFP day

Gold price extends rebound from an 11-week-old horizontal support zone, as well as the 100-DMA, as it approaches the 50-DMA hurdle surrounding $1,992.

2023-06-01
EURUSD appears set for further downside before important EU, US data

EURUSD’s break of a six-month-old ascending support line, as well as poking of the 200-day EMA.

2023-05-31
AUDUSD remains vulnerable to testing sub-0.6400 zone

AUDUSD remains on the bear’s side after breaking the key support line in the last week.

2023-05-30
USDCHF teases bears on Swiss GDP day, rising wedge in focus

USDCHF fades upside momentum, after witnessing a three-week uptrend.

2023-05-29
GBPUSD needs to break 1.2260 to convince sellers

GBPUSD marked a three-week downtrend while closing below the 50-DMA, as well as an eight-month-old ascending support line.

2023-05-26
Gold sellers need acceptance below $1,928 to dominate further

Gold braces for the third consecutive weekly loss as it challenges a six-month-old bullish trend channel formation.

2023-05-25
EURUSD portrays rising wedge bearish chart formation

A gradual shrinking of EURUSD upside moves prints a six-month-old rising wedge bearish chart pattern, currently between 1.1120 and 1.0690.

2023-05-24
NZDUSD slumps on RBNZ, 200-DMA and 0.6130 regain attention

NZDUSD fails to justify the RBNZ’s 0.25% rate hike as it drops the most in a week after the Interest Rate Decision.

2023-05-23
AUDUSD sellers need to break 0.6600 support to retake control

After repeated failures to cross the 100-DMA, the AUDUSD pair again attacks an 11-week-long ascending support line.