USD/JPY grinds higher around intraday top after two-week rebound from multi-month low. Convergence of 21-DMA, the downward-sloping trend line from late November guards immediate upside. Bullish...
USD/CAD picks up bids to pare intraday losses after six-week downtrend. Bearish triangle, downbeat RSI (14) conditions challenge buyers. Late 2022 low could lure bears past...
EUR/USD seesaws around intraday high after snapping two-day downtrend. Descending resistance line from Thursday, 50-HMA restricts immediate upside. MACD, RSI conditions back the latest recovery moves...
Investors have turned risk-averse ahead of the US PCE Price Index data. The formation of an Ascending Triangle indicates sheer volatility contraction. The RSI (14) has...
USD/CHF picks up bids to extend the previous day’s rebound from weekly lows. Convergence of 200-SMA, support-turned-resistance line and a descending trend line from early January...
WTI braces for first weekly loss in three on breaking 50-SMA, fortnight-long trend line. U-turn from two-month-old resistance, bearish MACD signals also keeps sellers hopeful. Ascending...
AUD/JPY retreats from six-week high, stays pressured near intraday low of late. 50-SMA pierces off 200-SMA from below to suggest further upside via golden cross. Weekly...
AUD/USD sees around five-month high as bulls take a breather after four-day uptrend. Higher highs on RSI (14) contrast with the lower highs on prices to...
EUR/USD renews intraday high but the bulls struggle to keep the reins during five-day uptrend. Successful trading above 200-HMA, immediate resistance break favors buyers. RSI (14)...
EUR/GBP grinds near weekly high, up for the fourth consecutive day. Clear rebound from 50% Fibonacci retracement, upside break of 100-SMA favors bulls. One-week-old resistance line...
The Cable is displaying a balanced auction ahead of the UK Retail Sales data. Pound Sterling has resumed its upside journey after testing the breakout zone...
EUR/USD is aiming to stretch its recovery move above 1.0840 as investors’ risk-taking capacity is improving. The formation of an Ascending Triangle chart pattern indicates a...
WTI picks up bids to approach short-term key hurdles during its second consecutive weekly gain near 1.5-month high. Successful trading above two-week-old ascending trend line, upbeat...
GBP/USD trades water as bulls and bears jostle between crucial resistance and support. Looming bear cross on MACD, failure to cross 1.2450 hurdle teases sellers. Two-week-old...
AUD/USD extends the previous day’s pullback from five-month high, renews weekly low. Confirmation of bearish chart pattern, sustained break of 50-SMA favors sellers. 200-SMA, monthly support...
USD/JPY picks up bids to extend the week-start rebound from the lowest levels since May 2022. Upbeat RSI backs confirmation of bullish chart pattern to tease...
GBP/USD retreats from intraday highs to pare the biggest weekly gain since late November. RSI pullback from nearly overbought conditions adds strength to the pullback moves....
GBP/USD grinds near intraday high, snaps two-day losing streak. Bullish candlestick formation, sustained bounce off key moving average favors buyers. Sellers remain off the table unless...
AUD/USD grinds higher even as China CPI improved but PPI eased for December. Successful trading above 200-DMA, previous resistance line from June favors bulls. Two-month-old ascending...
Investors are awaiting US/China inflation data for fresh cues. The absence of follow-up buying after a Double Bottom formation indicates a lack of strength in the...