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Technical Analysis (Page 46)

2022-07-27
EURUSD bears brace for 0.9870 with eyes on Fed

EURUSD remains pressured around a one-week low as traders prepared for the Fed’s verdict, likely a 0.75% rate hike and Powell’s aggression.

2022-07-26
GBPUSD bulls need validation from 1.2110

GBPUSD refreshed a three-week high on Tuesday while extending the breakout of 100-SMA.

2022-07-25
USDCAD approaches key resistance inside 250-pip trading range

USDCAD bounced off its monthly low on Friday, approaching a convergence of the 100 and 50-SMA around 1.2960-65 at the latest.

2022-07-22
Gold fades bearish channel breakout above $1,700

Gold fails to extend the post-ECB rebound from yearly low, not to mention unable to extend the bearish channel breakout.

2022-07-21
EURUSD bulls have a long way ahead to take control as ECB looms

EURUSD fades a week-long recovery mode ahead of the key European Central Bank (ECB) meeting.

2022-07-20
GBPUSD buyers jostle with key resistance around 1.2030

GBPUSD's rebound dribbles around a one-week high while extending Friday’s upside break of a descending resistance line from June 27, now support.

2022-07-18
NZDUSD recovery hinges on 0.6200 breakout

NZDUSD ended the third loss-making week on a positive side, by marking the biggest daily gains in three weeks.

2022-07-15
Gold bears need validation from $1,690 to keep reins

Gold braces for the fifth consecutive weekly fall at the yearly low.

2022-07-14
AUDUSD stays inside short-term bearish channel at yearly low

AUDUSD justifies its risk-barometer status aptly as it remains near the two-year bottom, inside a 12-day-long bearish channel.

2022-07-13
EURUSD bounces off key support ahead of US inflation data

EURUSD bears take a breather after refreshing the 20-year low the previous day. The corrective pullback.

2022-07-12
NZDUSD bears keep reins ahead of RBNZ again lift rates

NZDUSD stays inside a monthly falling wedge bullish chart pattern ahead of the Reserve Bank of New Zealand’s (RBNZ) third consecutive rate hike.

2022-07-11
USDJPY refreshes 24-year high but bulls have a bumpy road ahead

USDJPY begins the week on a positive note by rising for six consecutive days to refresh the multi-year high.