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Technical Analysis (Page 48)

2022-07-21
EURUSD bulls have a long way ahead to take control as ECB looms

EURUSD fades a week-long recovery mode ahead of the key European Central Bank (ECB) meeting.

2022-07-20
GBPUSD buyers jostle with key resistance around 1.2030

GBPUSD's rebound dribbles around a one-week high while extending Friday’s upside break of a descending resistance line from June 27, now support.

2022-07-18
NZDUSD recovery hinges on 0.6200 breakout

NZDUSD ended the third loss-making week on a positive side, by marking the biggest daily gains in three weeks.

2022-07-15
Gold bears need validation from $1,690 to keep reins

Gold braces for the fifth consecutive weekly fall at the yearly low.

2022-07-14
AUDUSD stays inside short-term bearish channel at yearly low

AUDUSD justifies its risk-barometer status aptly as it remains near the two-year bottom, inside a 12-day-long bearish channel.

2022-07-13
EURUSD bounces off key support ahead of US inflation data

EURUSD bears take a breather after refreshing the 20-year low the previous day. The corrective pullback.

2022-07-12
NZDUSD bears keep reins ahead of RBNZ again lift rates

NZDUSD stays inside a monthly falling wedge bullish chart pattern ahead of the Reserve Bank of New Zealand’s (RBNZ) third consecutive rate hike.

2022-07-11
USDJPY refreshes 24-year high but bulls have a bumpy road ahead

USDJPY begins the week on a positive note by rising for six consecutive days to refresh the multi-year high.

2022-07-08
Gold retains bearish bias ahead of US NFP

Gold remains inside a four-month-old descending trend channel despite a recent corrective bounce off the yearly low, mainly due to the oversold RSI.

2022-07-07
GBPUSD bears have a bumpy road to the south at multi-month low

GBPUSD has to bear it all as it dropped to the lowest level since March 2020.

2022-07-06
EURUSD widened doors for bears ahead of FOMC Minutes

EURUSD dropped to the lowest levels since late 2020 on breaking the two-month-old horizontal support area near 1.0360-50, before the latest dribbling around 20-year low.

2022-07-05
AUDUSD rebound appears overdue on RBA rate hike day

AUDUSD holds onto its bounce off a downward sloping support line from late January.