Share: EUR/USD grinds higher around intraday top, extends previous day’s rebound from two-month low. Clear upside break of 100-DMA, RSI rebound from nearly oversold territory underpin...
Share: Weekly forecast, May 22 – 26, 2023 Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 4173,25, which will...
Share: Natural Gas price retreats from the highest levels in five weeks, pares the biggest daily jump in seven months. Overbought RSI, 4.5-month-old horizontal area challenges...
Share: AUD/USD fails to extend the corrective bounce off multi-day low inside ascending trend channel. Short-term falling resistance line produces recovery moves. Below-50 levels of RSI...
Share: USD/JPY snaps six-day uptrend at highest levels since November 2022, struggles to defend Yen buyers of late. Short-term support lines, previous resistance from March challenge...
Share: USD/JPY snaps three-day uptrend as it retreats from six-week high. Convergence of one-month-old previous support line, ascending trend line from the last Friday challenges bears....
Share: AUD/USD rebounds from 0.6865-70 support confluence to consolidate biggest daily loss in two weeks. Convergence of head-and-shoulders’ neckline, two-month-old ascending trend line bears challenges. Buyers...
Share: USD/CHF picks up bids to refresh intraday high, extends previous day’s bounce off one-week low. Upbeat MACD signals, sustained trading beyond 200-HMA favor buyers inside...
Share: AUD/USD takes offers to refresh intraday low, prints first daily loss in three. RBA’s Lowe fails to impress hawks despite citing inflation woes. Failures to...
Share: USD/CHF takes offers to renew intraday low, stretching pullback from weekly top. Clear downside break of short-term key trend line, SMA joins downbeat oscillators to...
Share: GBP/USD is hovering near the edge of the Symmetrical Triangle pattern for a breakout. Economic events such as the US Inflation and the UK employment...
Share: Silver price takes offers to renew multi-day low, fades the previous day’s corrective bounce off 100-DMA. Bearish MACD signals, failure to rebound from key DMA...
Share: USD/INR remains sidelined between four-month-old resistance line and 50-DMA. A convergence of the 100-DMA, the ascending trend line from late January appears a tough nut...
Share: AUD/USD holds onto the previous day’s bearish technical confirmation as China data favored bears. China CPI, PPI both disappoint with softer numbers for January. Downside...
Share: USD/CAD is attempting to deliver a breakout of the Falling Channel for the third time. The Loonie asset has reclaimed the 20-EMA, which indicates that...
Share: USD/JPY reverses the previous day’s recovery from weekly low, sidelined of late. Firmer RSI, sustained break of weekly resistance line keeps Yen buyers hopeful. Bulls...
Share: A downside break of the Inverted Flag pattern will drag EUR/JPY firmly. The 50-and 200-EMAs have delivered a death cross, which adds to the downside...
Share: AUD/USD clings to mild gains during two-day rebound from monthly low. Sustained break of 200-EMA joins upbeat oscillators to favor buyers. Two-week-old horizontal resistance area...
Share: EUR/JPY rebounds from short-term key support confluence amid sluggish markets. Unimpressive oscillators, descending trend line from late December challenge buyers. Multiple hurdles to probe bears...
Share: AUD/USD retreats from previous support line, pares the first daily gains in four while bouncing off the key support confluence. RBA-inspired gains join 0.6860-65 support...