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Market Analysis (Page 34)

2023-09-11
Rising wedge lures USDJPY sellers amid hawkish BoJ concerns

USDJPY begins the week on a negative note while extending a downside gap during the early hours of Monday.

2023-09-08
Gold has limited downside room unless it breaks $1,900

Gold prices may see their first weekly loss in three weeks as they defend a recent U-turn from a key resistance line below important EMAs.

2023-09-07
EURUSD remains on the back foot within six-week-long bearish channel

EURUSD braces for the eighth consecutive weekly loss despite the latest hesitance of the bears surrounding the bottom line of the 1.5-month-old descending trend channel.

2023-09-06
USDCAD bulls jostle with 1.3640-50 crucial resistance on BoC Day

USDCAD bulls struggle to keep the reins at a five-month high as markets await the all-important Bank of Canada (BoC) Interest Rate Decision.

2023-09-05
AUDUSD bears flex muscles on RBA Day

AUDUSD bulls struggle to hold the forte after posting the first weekly gain in seven on the Reserve Bank of Australia (RBA) Interest Rate Decision Day.

2023-09-04
GBPUSD buyers remain hopeful despite latest disappointment

GBPUSD managed to confuse pair sellers last week by defending a one-month-long falling wedge bullish chart pattern despite declining in the later days.

2023-09-01
Gold buyers remain hopeful on NFP day, focus on $1,955

Gold braces for the second consecutive weekly gain as it confronts the key resistances on the US Nonfarm Payrolls (NFP) day.

2023-08-31
EURUSD recovery remains unconvincing below 1.1040

EURUSD continues its upward momentum, surpassing the 200-DMA and breaking a two-week descending resistance trendline.

2023-08-30
GBPUSD appears ready for further downside towards 200-SMA

GBPUSD remains on the back foot while justifying a downside break of a 5.5-month-old rising support line and the 100-SMA.

2023-08-29
USDJPY bulls run out of steam around mid-146.00s

USDJPY again flirts with the 78.6% Fibonacci retracement of the October 2022 to January 2023 downturn within a five-month-long bullish channel.

2023-08-28
23-week-old support line challenges AUDUSD bears

AUDUSD bears ran out of steam during the sixth week of the downtrend by positing the slimmest losses since mid-July.

2023-08-25
EURUSD drops within monthly bearish channel with eyes on Jackson Hole

EURUSD prepares for the sixth consecutive weekly fall as ECB and Federal Reserve bosses prepare for the annual showdown at the Jackson Hole Symposium.