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Technical Analysis (Page 22)

2023-04-13
Two-month-old resistance line challenges EURUSD bulls

EURUSD bulls struggle at an 11-week-high as an upward-sloping trend line resistance challenges the major currency pair’s further upside around the 1.1000 psychological magnet.

2023-04-12
USDCAD stays on bear’s radar as US inflation, BoC looms

Be it a clear downside break of the 10-week-old ascending trend line or sustained trading below the 200-SMA.

2023-04-11
AUDUSD signals fresh 2023 low despite recent rebound

Be it a clear rejection of a one-month-old bullish channel or sustained trading below the key SMAs, not to forget dovish RBA, AUDUSD has it all to convince bears.

2023-04-10
USDJPY rebound appears unimpressive below 133.80

USDJPY reverses the early-month losses by keeping the bounce off a nine-week-old ascending support line.

2023-04-07
Gold buyers run out of fuel ahead of US NFP

Be it the Doji candlestick just beneath the 10-week-old ascending resistance line or the overbought RSI (14), Gold Price flashes clear signs of bullish exhaustion.

2023-04-06
EURUSD eases on the way to refresh 2023 high

EURUSD extends the previous day’s pullback from a seven-week-old ascending resistance line as it pares the weekly gains.

2023-04-05
NZDUSD bulls eyes 0.6400 as RBNZ surprises markets with 0.50% rate hike

NZDUSD extends the early March’s bearish consolidation inside a three-week-old ascending trend channel as RBNZ announces the 11th consecutive rate increase

2023-04-04
AUDUSD approaches key resistances on RBA day

AUDUSD stays within a three-week-old bullish channel, poking the upside hurdle, on the RBA day.

2023-04-03
USDJPY attracts bullish bias till it stays above 131.00

USDJPY marked the first weekly gain in five while luring bulls to cross the 100-bar Exponential Moving Average (EMA).

2023-03-31
EURUSD grapples with 1.0930 hurdle ahead of EU, US inflation

EURUSD braces for the biggest weekly gains since early January even as it eases from a 2.5-month-old horizontal resistance area.

2023-03-30
Gold portrays bullish consolidation within multi-day-old rising channel

Gold price seesaws around the top line of a five-month-old bullish channel, recently supported by the 10-day EMA

2023-03-29
AUDUSD bulls slowly tighten grips on Australia inflation day

Following its bounce off YTD low, the AUDUSD pair crossed an important resistance line from early February, now support