Market Insights

Technical Analysis: EURUSD bounces off key Fibonacci retracement but bears remain hopeful

EURUSD fades bounce off 61.8% Fibonacci retracement of November 2020 to January 2021 upside amid fresh selling pressure witnessed ruing early Friday.

Denis Sergienko

2021-06-18

Technical Analysis: USDCHF bulls aim for 0.9115 confluence after Fed, SNB

USDCHF extends Fed-led rally to the fresh high since May 06 even as the Swiss National Bank (SNB) reiterated status-quo during early Thursday.

Denis Sergienko

2021-06-17

Technical Analysis: Gold stays on the road to 200-DMA support ahead of FOMC

Gold struggles for a clear direction, after a three-day south-run, during early Wednesday.

Denis Sergienko

2021-06-16

Technical Analysis: AUDUSD stays directed towards 2.5-month-old support line

Although AUDUSD keeps Monday’s recovery moves around 0.7700, the pair bulls have a bumpy road ahead.

Denis Sergienko

2021-06-15

Technical Analysis: GBPUSD bounces off monthly support line amid Brexit, covid doldrums

GBPUSD pays a little heed to the price-negative catalysts during early Monday to ignore the confirmation of a four-week delay in the UK’s unlock.

Denis Sergienko

2021-06-14

Technical Analysis: EURUSD bulls remain hesitant unless crossing 1.2200

EURUSD struggles to extend post-ECB/US CPI-led run-up during early Friday. The pair’s bounce off 200-SMA fades below 100-SMA.

Denis Sergienko

2021-06-11

Technical Analysis: Gold stays pressured below $1900 as traders brace for ECB, US inflation

Gold prices remain on the back foot amid anxious hours of early Thursday as markets wait for the ECB and the US Consumer Price Index (CPI) data.

Denis Sergienko

2021-06-10

Technical Analysis: AUDUSD bulls return from 0.7730-25 support confluence

AUDUSD reverses the previous day’s losses while a bounce off 50-day and 100-day SMA confluence near 0.7730-25.

Denis Sergienko

2021-06-09

Technical Analysis: USDCAD tease falling wedge breakout near multi-month low

USDCAD reverses Friday’s losses inside a bullish chart pattern, falling wedge, on the daily play.

Denis Sergienko

2021-06-08

Technical Analysis: GBPUSD eases inside short-term rectangle near multi-month top

GBPUSD is found inside a two-week-old rectangle formation between 1.4250 and 1.4190.

Denis Sergienko

2021-06-07

Technical Analysis: Brent oil buyers need to defend $70.30 breakout to aim for $72.00

Brent oil holds onto a weekly uptrend despite the previous day’s pullback moves.

Denis Sergienko

2021-06-02

Technical Analysis: Brent oil buyers need to defend $70.30 breakout to aim for $72.00

Technical Analysis: AUDUSD eases from key hurdle after RBA, US PMI eyed

AUDUSD bulls step back from a convergence of a three-week-old resistance line and 100-SMA

Denis Sergienko

2021-06-01

Technical Analysis: AUDUSD eases from key hurdle after RBA, US PMI eyed

Technical Analysis: GBPUSD consolidates recent gains, bulls seek 1.4220 breakout

GBPUSD fades bounce off monthly support line during the quiet Asian session on Monday.

Denis Sergienko

2021-05-31

Technical Analysis: GBPUSD consolidates recent gains, bulls seek 1.4220 breakout

Technical Analysis: EURUSD sellers attack key support ahead of US inflation data, budget

Cautious markets drag EURUSD to a two-month-old support line, adjacent to 100-SMA, during early Friday.

Denis Sergienko

2021-05-28

Technical Analysis: EURUSD sellers attack key support ahead of US inflation data, budget

Technical Analysis: NZDUSD buyers remain hopeful despite recent pullback

Although the US dollar rebound dragged NZDUSD from 0.7300, the kiwi pair keeps the short-term triangle breakout.

Denis Sergienko

2021-05-27

Technical Analysis: NZDUSD buyers remain hopeful despite recent pullback