Market Insights

Technical Analysis: Silver remains vulnerable to further downside despite rebound

Silver prints corrective pullback around three-week low, bouncing off 78.6% Fibonacci retracement (Fibo.) of December 15 to January 20 upside.

Denis Sergienko

2022-02-01

Technical Analysis: GBPUSD bears need validation from 1.3330

A corrective pullback on Friday failed to lift GBPUSD beyond 50-DMA, not to forget a fortnight-old descending trend line.

Denis Sergienko

2022-01-31

Technical Analysis: USDJPY is ready to refresh five-year high

A clear upside break of 20-DMA enables USDJPY bulls to challenge the two-month-old horizontal resistance area, surrounding 115.50-60.

Denis Sergienko

2022-01-28

Technical Analysis: EURUSD bears aim for sub-1.1200 area post-Fed, US GDP eyed

EURUSD bears cheer a clear downside break of a two-month-old ascending trend line, as well as sustained trading below 50-DMA, to brace for 2021 bottom surrounding 1.1185.

Denis Sergienko

2022-01-27

Technical Analysis: Gold buyers struggle inside rising wedge on Fed day

While a year-long resistance line has been testing gold buyers for one week, a six-week-old rising wedge bearish chart pattern teases sellers as markets brace for the Fed’s verdict.

Denis Sergienko

2022-01-26

Technical Analysis: USDJPY eyes further losses, 112.80 is the key

USDJPY extends pullback from a four-year high, recently failed to keep the bounce off 113.50, amid downbeat MACD and RSI.

Denis Sergienko

2022-01-25

Technical Analysis: GBPUSD battles 1.3540-35 key support ahead of UK PMIs

GBPUSD keeps pullback from 200-DMA and 78.6% Fibonacci retracement (Fibo.) of September-December 2021.

Denis Sergienko

2022-01-24

Technical Analysis: Gold braces for a bumpy road to $1,877

Gold buyers cheer a clear break of the 23.6% Fibonacci retracement (Fibo.) of August-November 2021

Denis Sergienko

2022-01-21

Technical Analysis: EURUSD bears flexing muscles ahead of ECB Meeting Accounts

EURUSD remains on the back foot so far during the current week, heading into the key ECB Monetary Policy Meeting Accounts.

Denis Sergienko

2022-01-20

Technical Analysis: USDCAD sellers attack 1.2450 key support ahead of Canadian CPI

Although USDCAD buyers keep lurking around an upward sloping trend line from June, failures to stay decisively above the 200-DMA keep sellers hopeful of breaking the 1.2450 support.

Denis Sergienko

2022-01-19

Technical Analysis: GBPUSD bears look for entries with eyes on UK employment data

Having reversed from the late October tops, GBPUSD pokes the key support lines around the mid-1.3600s.

Denis Sergienko

2022-01-18

Technical Analysis: AUDUSD eyes further downside, monthly support line in focus

AUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day.

Denis Sergienko

2022-01-17

Technical Analysis: EURUSD rebound needs to stay beyond 1.1385 to convince bulls

EURUSD extends the run-up beyond 200-SMA to cross a two-month-old horizontal area surrounding 1.1385 post-US inflation data.

Denis Sergienko

2022-01-13

Technical Analysis: Gold buyers tighten grips ahead of US inflation data

Gold keeps the bounce off 23.6% Fibonacci retracement of November-December fall to cross the 100-SMA surrounding $1,805

Denis Sergienko

2022-01-12

Technical Analysis: “Head and Shoulders” on 4H keeps USDCAD bears hopeful

USDCAD traders to a decisive point with a “Head and Shoulders” bearish chart pattern luring sellers.

Denis Sergienko

2022-01-10