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Technical Analysis (Page 13)

2023-08-24
Gold buyers seek re-entry but road towards north is long and bumpy

Gold braces for the first weekly gain in five while bouncing off the multi-month low marked earlier in the week, piercing the 200-DMA of late.

2023-08-23
AUDUSD forms falling wedge but bulls need more to return

AUDUSD bears take a breather after a five-week downtrend, portraying a falling wedge bullish chart pattern around the yearly low.

2023-08-22
GBPUSD eyes further upside, 1.2830 challenges buyers

GBPUSD gained buyer’s attention after snapping a four-week downtrend the last week.

2023-08-21
USDJPY portrays bullish consolidation beyond 200-SMA

USDJPY posted a three-week winning streak but ended Thursday on a negative note.

2023-08-18
Gold stays bearish despite corrective bounces

Gold braces for the fourth weekly losses even as a one-month-old falling support line defends intraday buyers.

2023-08-17
AUDUSD remains vulnerable to refresh yearly low past 0.6400

A daily closing beneath a nine-month-old rising support line, now resistance around 0.6480, keeps the AUDUSD bears hopeful of witnessing further downside.

2023-08-16
Falling wedge, oversold RSI tease NZDUSD buyers on RBNZ day

NZDUSD bears are losing momentum after a four-week downtrend. The Kiwi pair is showing a one-month-old bullish falling wedge chart pattern at the yearly low.

2023-08-15
GBPUSD closing in key support ahead of UK employment data

As GBPUSD bears near the 1.2600 support, pending UK employment data could influence their momentum. A negative jobs report might push them towards the 200-day moving average (DMA) support.

2023-08-14
EURUSD sellers tighten grips ahead of a busy week

EURUSD ended the week on a negative note while piercing a 10-week-old rising support line, now immediate resistance around 1.0950.

2023-08-11
GBPUSD bulls need 1.2870 breakout and strong UK GDP to retake control

A bullish triangle joins Thursday’s rebound to lure GBPUSD buyers as markets await the first estimates of the UK Q2 GDP.

2023-08-10
EURUSD sellers prepare for entry but 1.0930 and US inflation are the keys

EURUSD bears appear running out of steam during the fourth weekly loss. Moreover, the Euro pair seesaws between a three-week-old falling resistance line.

2023-08-09
AUDUSD downside hinges on 0.6470 breakdown and Aussie/US inflation

A clear downside break of the 10-month-old rising support line teases the AUDUSD bears as China releases mixed inflation data from July.