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Technical Analysis (Page 38)

2022-06-03
Gold wavers around the last defense for bears ahead of US NFP

Gold prices seesaw around the monthly top after crossing a five-week-old resistance line, as well as a weekly hurdle.

2022-06-02
EURUSD teases bears ahead of US ADP Employment data

EURUSD fades three-week-old recovery as it remains below a downward sloping trend line from early February, around 1.0745 by the press time.

2022-06-01
UDUSD bulls run out of steam after Aussie GDP

AUDUSD struggles to remain beyond a three-week-old support line, having reversed from a multi-day high the previous day.

2022-05-31
200-DMA tests USDCAD bears ahead of Canada GDP

USDCAD bears keep reins around a five-week low, attacking the 200-DMA ahead of the key Canada Q1 GDP.

2022-05-30
GBPUSD rebound remains doubtful unless crossing 1.2780

GBPUSD refreshed its monthly high the previous day but the bulls don’t have smooth sailing due to the weekly closing below the 1.2630-40 horizontal hurdle.

2022-05-27
EURUSD stays bullish above 1.0640 key support, US PCE Inflation eyed

EURUSD remains firmer inside a fortnight old bullish channel ahead of the Fed’s preferred gauge of inflation.

2022-05-26
Gold’s recovery is on a test around mid-$1,800s

Gold prices stay pressured inside a fortnight-old bullish channel, recently challenging the channel’s lower line.

2022-05-25
NZDUSD bulls eye four-month-long hurdle past 0.6500 on RBNZ

NZDUSD renews a three-week high around 0.6500 after the RBNZ confirmed the widely anticipated 0.50% rate hike.

2022-05-24
EURUSD stays on the bull’s radar despite recent pullback

EURUSD consolidates the biggest daily gains in nearly three months around a fortnight top during Tuesday.

2022-05-23
Brent oil again approaches $116.00 key resistance

Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally.

2022-05-20
GBPUSD bulls have more upside on the platter

GBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400.

2022-05-19
Gold stays below 200-DMA, signals more downside

Gold prices hold lower grounds below the 200-DMA so far during the week, backed by downbeat MACD and RSI (14).