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Technical Analysis (Page 2)

2024-06-06
EURUSD bulls need validation from 1.0920 and ECB

EURUSD prints the first daily gains in three while approaching the top line of a two-month-old rising wedge bearish chart formation.

2024-06-05
Australia GDP, rising wedge lure AUDUSD bears despite latest rebound

AUDUSD picks up bids to consolidate the biggest daily loss in a fortnight early Wednesday.

2024-06-04
GBPUSD crosses key resistance to refresh 11-week high

GBPUSD rises to the highest level since mid-March by crossing an 11-month-old descending resistance line.

2024-06-03
Crude Oil bears attack key support despite OPEC+ verdict

WTI Crude Oil prints a four-day losing streak while falling to over a week’s low early Monday.

2024-05-31
EURUSD fades bounce off 200-SMA as EU/US inflation clues loom

EURUSD marked the biggest daily gain in a week the previous day while bouncing off the 200-SMA.

2024-05-30
Gold remains vulnerable to further downside, $2,306 eyed

Gold slides beneath a four-week-old rising support line while extending the previous day’s fall amid a firmer US Dollar early Thursday.

2024-05-29
AUDUSD seesaws within rising wedge despite upbeat Australia inflation

AUDUSD makes rounds to mid-0.6600s early Wednesday despite witnessing better-than-forecast Monthly CPI data from Australia.

2024-05-28
Overbought RSI, 1.2810 hurdle will test GBPUSD bulls at nine-week high

GBPUSD rises for the third consecutive day while refreshing the two-month high.

2024-05-27
USDJPY retreats within rising wedge on US holiday, inflation clues eyed

USDJPY snaps a three-day winning streak early Monday even as markets lack momentum amid holidays in the US and the UK.

2024-05-24
Gold braces for biggest weekly loss of 2024, focus on $2,270

Gold licks its wounds at the lowest level in a fortnight after falling in the last three consecutive days.

2024-05-23
EURUSD bounces off 1.0810 support confluence ahead of key PMIs

EURUSD portrays a corrective bounce from the lowest level in a week, snapping a three-day losing streak.

2024-05-22
NZDUSD jumps on RBNZ’s hawkish halt but 0.6140-45 hurdle tests bulls

NZDUSD prints the biggest daily jump in more than a week, while snapping a two-day losing streak.