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Market Analysis (Page 6)

2024-08-20
GBPUSD buyers can ignore pullback from one-month high

GBPUSD snaps a three-day winning streak by easing from its highest level in a month as the US Dollar licks its wounds at the multi-month low.

2024-08-16
Rising wedge portrays EURUSD buyer’s exhaustion ahead of US data

EURUSD is bouncing back after a big drop, as traders wait for the University of Michigan’s Consumer Sentiment Index.

2024-08-15
Gold buyers stay optimistic around mid-$2,400s within a symmetrical triangle

Gold has ended a two-day drop by bouncing off its 9-day Exponential Moving Average (EMA) within a symmetrical triangle pattern.

2024-08-14
NZDUSD reverses from 200-SMA hurdle on RBNZ’s surprise rate cut

NZDUSD dropped over 1.0% today, making the biggest move among major currencies.

2024-08-13
100-SMA challenges Crude Oil buyers at three-week high

WTI crude oil has ended its four-day rise as prices fall from their highest level since July 19, due to a slow start on Tuesday morning in Asia.

2024-08-12
USDJPY braces for another bear run with eyes on Japan GDP, US inflation

Early Monday, the USDJPY has risen slightly above 147.00 after its first weekly gain in six weeks.

2024-08-09
Gold buyers take a breather above 100-SMA, focus on $2,450

Gold's recent strong performance suggests a positive sentiment among buyers.

2024-08-08
EURUSD portrays bullish exhaustion, focus on 1.0960 and US data

EURUSD is seeing its first daily gains in three days as buyers gear up to tackle key resistance levels ahead of upcoming US employment data.

2024-08-07
GBPUSD bounces off 100-SMA but bears stay hopeful

The GBPUSD saw its first daily gain in three days on Wednesday, bouncing back from the 100-day Simple Moving Average (SMA).

2024-08-06
GBPJPY rebound appears elusive below 200-SMA

GBPJPY portrays a corrective bounce off the lowest level in seven months while recovering from a 10-month-old ascending support line.

2024-08-05
USDJPY slumps to seven-month low amid risk aversion, hawkish BoJ bias

USDJPY begins the week on a back foot while declining for the fifth consecutive day to the lowest since early January.

2024-08-02
Gold buyers keep eyes on US NFP, inverse Head and Shoulders

Early Friday, Gold price reverses the previous day’s pullback from a two-week high as traders await the US monthly employment data for July.