Market Insights

Technical Analysis: Brent oil bears need $78.00 breakdown to retake controls

Brent oil prices consolidate the heaviest daily loss since late August, not to forget reversal from November 2014 levels.

Denis Sergienko

2021-10-07

Technical Analysis: NZDUSD drops back towards 0.6900 despite RBNZ rate hike

RBNZ leads the developed-world central banks with a 0.25% rate hike on Wednesday but couldn’t lift the NZDUSD prices.

Denis Sergienko

2021-10-06

Technical Analysis: AUDUSD drops back below 20-DMA on RBA day

The Aussie central bank’s concerns over economic growth, due to the pandemic-led local lockdowns, weigh on the AUD/USD prices.

Denis Sergienko

2021-10-05

Technical Analysis: GBPUSD renews bearish move, 1.3500 lures intraday sellers

GBPUSD retreats below 50-EMA during early Monday as the market’s risk-off mood favors the USD bulls.

Denis Sergienko

2021-10-04

Technical Analysis: EURUSD set to drop further towards 1.1500

EURUSD is all in for further weakness. The current consolidation during early Friday could be linked to oversold RSI conditions.

Denis Sergienko

2021-10-01

Technical Analysis: Gold bears should await $1,721 break for fresh entries

Gold fades bounce off six-week-old horizontal support surrounding $1,724.

Denis Sergienko

2021-09-30

Technical Analysis: Brent oil buyers can ignore pullback towards monthly support line

Brent oil consolidation the early week’s oversold RSI conditions while dropping back below $78.00 on Wednesday.

Denis Sergienko

2021-09-29

Technical Analysis: USDCAD bears eye another battle with 100-day EMA

USDCAD drops to the lowest level since September 10 during the six-day downtrend on early Tuesday.

Denis Sergienko

2021-09-28

Technical Analysis: AUDUSD jumps back towards 200-SMA amid firmer sentiment

AUDUSD reverses Friday’s pullback from the key moving average while picking up bids to 0.7286 during early Monday.

Denis Sergienko

2021-09-27

Technical Analysis: EURUSD rebound fades before Fed Chairman Powell’s speech

EURUSD struggles to extend the strongest recovery in a month as anxiety over Evergrande test pair buyers ahead of a speech from Fed Chairman Jerome Powell.

Denis Sergienko

2021-09-24

Technical Analysis: GBPUSD rebound seeks validation on BOE Super Thursday

GBPUSD recovers from monthly bottom as the cable traders await Bank of England’s (BOE) Quarterly Inflation Report (QIR).

Denis Sergienko

2021-09-23

Technical Analysis: Gold heads to $1,790 key hurdle with eyes on Fed tapering

Risk-on mood helps gold extend the early-week rebound towards the key upside resistance area during early Wednesday.

Denis Sergienko

2021-09-22

Technical Analysis: NZDUSD bears rejected around 0.7000 key support

NZDUSD refreshed monthly low, before bouncing off 50-DMA during the four-day downtrend.

Denis Sergienko

2021-09-21

Technical Analysis: USDCAD bulls need validation from 1.2810 on Canada Election Day

USDCAD respects the broad US dollar strength while rising to the fresh high of the month. Also adding to the upside pressure is the Federal Elections in Canada.

Denis Sergienko

2021-09-20

Technical Analysis: Monthly rising channel defends GBPUSD bulls

GBPUSD remained far from bear’s reach despite refreshing weekly low while major currency pairs dropped notably the previous day.

Denis Sergienko

2021-09-17