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Technical Analysis (Page 34)

2022-09-09
GBPUSD approaches 1.1730 on bullish RSI divergence, channel breakout

GBPUSD crosses the monthly bearish channel, also the 50-SMA hurdle, after briefly declining to the lowest levels since 1985.

2022-09-08
EURUSD bears running out of steam ahead of ECB

EURUSD fades bounce off the lowest levels in almost two decades as traders await the European Central Bank’s (ECB) second rate hike.

2022-09-07
Fortnight-old bearish channel keeps gold sellers hopeful

Gold extends pullback from 50-SMA and the upper line of the 12-day-long descending trend channel as sellers flirt with the $1,695.

2022-09-06
UDUSD braces for yearly low on RBA day

AUDUSD bears take a breather after bouncing off a two-month-old horizontal support area, inside a broad bearish channel from early May.

2022-09-05
USDCAD bulls struggle ahead of BOC, Canada employment data

USDCAD again battle with the resistance line of an upward sloping trend channel since late October 2021.

2022-09-02
Gold eyes fresh yearly low, $1,660 in focus

Gold flirts with the $1,700 threshold as it approaches the yearly bottom ahead of the key US Nonfarm Payrolls (NFP) data.

2022-09-01
USDJPY renews 24-year high with eyes on 141.60

USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998.

2022-08-31
EURUSD rebound needs validation ahead of Eurozone inflation

Having refreshed the multi-year low the previous week, EURUSD rose during the last two days.

2022-08-30
GBPUSD portrays falling wedge at multi-month low

GBPUSD prints a falling wedge bullish chart pattern amid all the pessimism surrounding the UK economy and the hawkish Fed, not to forget the US dollar’s run-up.

2022-08-29
UDUSD prepares for more downside below 0.6900

AUDUSD reversed before the 100-DMA hurdle on Friday. The bears, however, jostle with the five-week-old horizontal support area surrounding 0.6860-50 afterward.

2022-08-26
Gold teases bears as Fed Chair Powell braces for Jackson Hole

Gold fades the bounce off 61.8% Fibonacci retracement of July-August moves as traders await Fed Chair Jerome Powell’s appearance at the annual Jackson Hole Symposium.

2022-08-25
NZDUSD stays on the way to refreshing yearly low

NZDUSD picks up bids inside a weekly trading range that restricts the pair’s move after it dropped below a five-week-old ascending trend line and the 200-SMA.