Technical Analysis: EURUSD looks set to refresh two-month top, ECB in focus

EURUSD traders turn optimistic ahead of Thursday’s European Central Bank (ECB) meeting.

Technical Analysis: EURUSD looks set to refresh two-month top, ECB in focus
Technical Analysis: Brent oil bears need 200-SMA breakdown to keep the reins

With the pandemic woes back to the table, fears of depleting oil demand and scheduled jump in supplies weigh on Brent prices during early Wednesday.

Technical Analysis: Brent oil bears need 200-SMA breakdown to keep the reins
Technical Analysis: GBPUSD bulls eye 1.4025-35 horizontal resistance

GBPUSD extends the upside break of the two-month-old resistance line, now support, towards horizontal hurdles comprising late February tops.

Technical Analysis: GBPUSD bulls eye 1.4025-35 horizontal resistance
Technical Analysis: EURUSD teases short-term rising wedge confirmation on 4H

EURUSD again eyes the 1.1990–1.2000 horizontal resistance area established since early March.

Technical Analysis: EURUSD teases short-term rising wedge confirmation on 4H
Technical Analysis: Gold flirts with previous resistance line during BPC play on 4H

Gold’s pullback from a two-month low, followed by a bounce off the previous resistance line, portrays a BPC bullish chart.

Technical Analysis: Gold flirts with previous resistance line during BPC play on 4H
Technical Analysis: USDJPY signals further losses below 109.00

USDJPY’s failures to regain above 200-SMA, coupled with monthly falling channel formation, favor bears targeting an ascending support line from March 05

Technical Analysis: USDJPY signals further losses below 109.00
Technical Analysis: AUDUSD crosses seven-week-old resistance line

AUDUSD takes the bids near the one-week top. Given the strong RSI and upbeat MACD.

Technical Analysis: AUDUSD crosses seven-week-old resistance line
Technical Analysis: $64.30, $65.55 become the key hurdles for Brent oil bulls

Brent oil’s gradual recovery from late March nears a five-week-old resistance line. Upbeat RSI conditions and an upward sloping support line favor oil buye

Technical Analysis: $64.30, $65.55 become the key hurdles for Brent oil bulls
Technical Analysis: EURUSD steps back from 200-SMA but 1.1810 can test the bears

EURUSD recovery from April-start couldn’t cross 200-SMA as overbought RSI triggered the currency major pair’s pullback.

Technical Analysis: EURUSD steps back from 200-SMA but 1.1810 can test the bears
Technical Analysis: $1,761 holds the key to Gold’s further upside

Gold refreshed six-week top the previous day but failed to cross a downward sloping trend line from January-end, not to forget 50-DMA.

Technical Analysis: $1,761 holds the key to Gold’s further upside
Technical Analysis: GBPUSD is grinding lower towards the key support line

GBPUSD has a bumpy road to recovery with horizontal hurdles from early March and bearish MACD signals.

Technical Analysis: GBPUSD is grinding lower towards the key support line
Technical Analysis: USDCAD battles key resistance ahead of Biden’s speech, FOMC minutes

USDCAD extends recovery moves from 1.2500 as bulls attack a 10-week-old descending trend line ahead of the key speech from US President Joe Biden and FOMC

Technical Analysis: USDCAD battles key resistance ahead of Biden’s speech, FOMC minutes
Technical Analysis: Gold fades upside momentum below $1,730

Gold fails to stay positive amid RSI pullback below the key 200-SMA level.

Technical Analysis: Gold fades upside momentum below $1,730
Technical Analysis: EURUSD recovery looks difficult below 1.1860, US NFP eyed

EURUSD is on a corrective pullback from the yearly low, mainly due to the downbeat US Treasury yields.

Technical Analysis: EURUSD recovery looks difficult below 1.1860, US NFP eyed
Technical Analysis: EURUSD stays offered ahead of Biden’s infrastructure spending plan

EURUSD drops to the lowest in five months as traders await US President Joe Biden infrastructure bill details.

Technical Analysis: EURUSD stays offered ahead of Biden’s infrastructure spending plan