Market Insights

Technical Analysis: USDCAD bulls battle 1.2545-50 key hurdle ahead of Canadian employment data

USDCAD struggles to defend a four-day uptrend ahead of the monthly employment data for Canada.

Denis Sergienko

2021-07-09

Technical Analysis: Eight-month-old support line test EURUSD bears on ECB day

EURUSD bounces off an ascending support line from November 2020 amid oversold RSI during early Thursday.

Denis Sergienko

2021-07-08

Technical Analysis: Gold buyers need acceptance beyond $1,800, FOMC Minutes eyed

Gold rises for the fifth straight day even as market sentiment dwindles. In doing so, the yellow metal keeps the previous day’s upside break of 100-DMA amid recovering oscillators.

Denis Sergienko

2021-07-07

Technical Analysis: AUDUSD again crosses seven-week-old hurdle on RBA moves

Despite pouring cold water on the face of monetary policy adjustment hopes, the Reserve Bank of Australia (RBA) manages to keep AUDUSD at the front of the G10 gainers.

Denis Sergienko

2021-07-06

Technical Analysis: GBPUSD bounce challenges short-term resistance line

Although US traders cheer extended weekend on Monday, UK PM Boris Johnson’s unlock plan details may help GBPUSD to entertain the markets.

Denis Sergienko

2021-07-05

Technical Analysis: Gold battles recovery point on US NFP Day

Gold extends early week recovery from March tops to poke 50-EMA ahead of the key US employment data.

Denis Sergienko

2021-07-02

Technical Analysis: Brent oil buyers remain hopeful inside five-week-old rising channel

Although the weekly falling trend line probes Brent oil buyers of late, the commodity prices remain inside an ascending trend channel from May 27.

Denis Sergienko

2021-07-01

Technical Analysis: Gold bears battle key horizontal support ahead of US ADP data

Gold justifies a downswing from 100-DMA and a 61.8% Fibonacci retracement break around $1,757 during early Wednesday.

Denis Sergienko

2021-06-30

Technical Analysis: EURUSD remains pressured below 50-SMA, monthly low in focus

Despite bouncing off intraday low, EURUSD remains below immediate hurdles, namely 50-SMA and weekly rising trend line.

Denis Sergienko

2021-06-29

Technical Analysis: AUDUSD bulls struggle between 50-SMA and previous support

Despite failing to cross the previous support line from May 13, AUDUSD holds onto bounce off 50-SMA amid early Monday.

Denis Sergienko

2021-06-28

Technical Analysis: Silver floats above $25.65-60 key support, 100-DMA eyed

Silver’s first weekly gain in four portrays the metal’s gradual recovery from 200-DMA and 61.8% Fibonacci retracement April-May upside.

Denis Sergienko

2021-06-25

Technical Analysis: EURUSD drops back below 200-day EMA to keep sellers hopeful

Sluggish markets and wobbling Treasury yields keep EURUSD below the key EMA amid a quiet session on early Thursday.

Denis Sergienko

2021-06-24

Technical Analysis: AUDUSD recovery battles 200-DMA amid mixed sentiment

AUDUSD pares weekly gains while easing to 0.7543 amid early Wednesday.

Denis Sergienko

2021-06-23

Technical Analysis: 100-DMA probes gold’s recovery ahead of Powell’s Testimony

Gold’s rebound from seven-month-old horizontal support fades below 100-DMA during early Tuesday.

Denis Sergienko

2021-06-22

Technical Analysis: GBPUSD kick-starts the key week on a bearish note

GBPUSD remains pressured around mid-April lows, down for the fifth consecutive day, amid early Monday.

Denis Sergienko

2021-06-21