Market Insights

Technical Analysis: Silver stays en route $23.00

Silver comes with a sustained trading below the 200-SMA and a two-month-old support line hints at the commodity’s weakness.

Denis Sergienko

2021-11-26

Technical Analysis: Gold buyers battle 200-DMA at three-week low

Gold extends the previous day’s bounce off an ascending support line from August towards 200-DMA amid a sluggish Asian session on Thursday.

Denis Sergienko

2021-11-25

Technical Analysis: EURUSD inches closer to 1.1160-40 support area

EURUSD bears are hopeful to visit a 20-pip horizontal region comprising March 2020 peak and June 2020 trough.

Denis Sergienko

2021-11-24

Technical Analysis: Brent oil fades bounce off 100-day EMA

Brent oil’s bounce off a two-month low the previous day, the black gold remains pressured towards re-testing the 100-day EMA level.

Denis Sergienko

2021-11-23

Technical Analysis: Gold sellers need validation from $1,834

Gold’s pullback from the yearly resistance gains supports from RSI retreat, suggesting further weakness in prices.

Denis Sergienko

2021-11-22

Technical Analysis: Rising wedge teases GBPUSD sellers before UK Retail Sales

GBPUSD’s gradual rebound from the yearly low is at test ahead of the UK Retail Sales as the pair portrays a bearish chart pattern.

Denis Sergienko

2021-11-19

Technical Analysis: NZDUSD braces for a bull-run ahead of next week’s RBNZ

NZDUSD goes towards confirming falling wedge bullish formation, extending run-up towards the 200-SMA level of 0.7070.

Denis Sergienko

2021-11-18

Technical Analysis: EURUSD refreshes 16-month low on the road to 1.1150

The broad US dollar strength could be well witnessed on the EURUSD chart that prints the lowest level since July 2020.

Denis Sergienko

2021-11-17

Technical Analysis: Gold bulls are at test ahead of the key US data

Gold buyers battle the yearly resistance line heading into the US Retail Sales release for October.

Denis Sergienko

2021-11-16

Technical Analysis: GBPUSD rebound needs validation from 1.3500

GBPUSD also cheers US dollar pullback to bounce off yearly low during early Monday.

Denis Sergienko

2021-11-15

Technical Analysis: Brent oil bears set to retake controls, 61.8% Fibo. eyed

Brent oil fades bounce off 61.8% Fibonacci retracement (Fibo.) level of September-October upside

Denis Sergienko

2021-11-12

Technical Analysis: GBPUSD keeps bearish consolidation targeting 1.3320 on UK GDP day

GBPUSD posts a corrective pullback from the yearly low of around 1.3425 ahead of the UK data dump, comprising preliminary readings of the UK Q3 GDP.

Denis Sergienko

2021-11-11

Technical Analysis: EURUSD pulls back from 200-SMA ahead of US inflation data

EURUSD defies a three-day recovery ahead of the key US Consumer Price Index (CPI) data on early Wednesday.

Denis Sergienko

2021-11-10

Technical Analysis: Gold buyers struggle to keep reins above $1,800

Gold fades upside momentum after refreshing a two-month high on early Tuesday.

Denis Sergienko

2021-11-09

Technical Analysis: USDCAD stays directed towards 1.2480 key resistance

USDCAD pair remains above four-month-old horizontal support despite failing to cross a convergence of the 200-SMA and a 50% Fibonacci retracement.

Denis Sergienko

2021-11-08