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Technical Analysis: USDJPY prints mild gains inside short-term rising wedge

Despite staying above 200-bar SMA, USDJPY stays inside a bearish technical chart pattern, rising wedge, on the four-hour (H4) chart.

Denis Sergienko

2020-05-21

Technical Analysis: USDJPY prints mild gains inside short-term rising wedge
Technical Analysis: 0.6560/70 becomes the tough nut to crack for AUDUSD buyers

AUDUSD again reverses from 0.6560/70 area comprising late-April highs In addition to the pair's multiple failures, three so far, nearly overbought conditions of RSI also increases the odds of a

Denis Sergienko

2020-05-20

Technical Analysis: 0.6560/70 becomes the tough nut to crack for AUDUSD buyers
Technical Analysis: EURUSD stays positive around fortnight top ahead of Powell's testimony

While printing a three-day winning streak above 1.0790, EURUSD aims to confront a 100-day EMA level of 1.0950 ahead of the Fed Chair Jerome Powell's testimony.

Denis Sergienko

2020-05-19

Technical Analysis: EURUSD stays positive around fortnight top ahead of Powell's testimony
Technical Analysis: Immediate support-turned-resistance restricts GBPUSD pullback from seven-week low

Although oversold RSI triggered GBPUSD pullback from the lowest since March 26, the pair remains below a falling trend line from April 29 Additionally, bearish MACD and sustained trading below April

Denis Sergienko

2020-05-18

Technical Analysis: Immediate support-turned-resistance restricts GBPUSD pullback from seven-week low
Technical Analysis: $1740/36 horizontal area regains gold buyers' attention

Gold buyers are up for another battle with the key resistance area near $1736/40 The key upside barrier has disappointed the bulls multiple times in the past month

Denis Sergienko

2020-05-15

Technical Analysis: $1740/36 horizontal area regains gold buyers' attention
Technical Analysis: AUDUSD inches closer to monthly horizontal support after Aussie employment data

Broad US dollar strength, coupled with downbeat Aussie jobs report for April, finally dragged the AUDUSD pair below an ascending trend line since April 21.

Denis Sergienko

2020-05-14

Technical Analysis: AUDUSD inches closer to monthly horizontal support after Aussie employment data
Technical Analysis: NZDUSD probes support-turned-resistance line after RBNZ-led losses

Be it RBNZ's QE expansion or dovish comments by the policymakers, NZDUSD justifies it all with over 1.0% loss However, the recent bounces off 0.6000 confront the previous support line stretched from

Denis Sergienko

2020-05-13

forex technical analysis for beginners
Technical Analysis: AUDUSD stays depressed inside ascending triangle after Aussie/China data

Despite recently bouncing off 0.6430, AUDUSD remains pressured inside a short-term ascending triangle formation on Tuesday.

Denis Sergienko

2020-05-12

Technical Analysis: AUDUSD stays depressed inside ascending triangle after Aussie/China data
Technical Analysis: Gold bounces off 100-bar SMA, monthly resistance line back in focus

Multiple failures to cross a month-old falling trend line don't speak for Gold's weakness as the yellow metal recently bounced off 100-bar SMA, shifting the traders' focus back to the 1,722

Denis Sergienko

2020-05-11

Technical Analysis: Gold bounces off 100-bar SMA, monthly resistance line back in focus
Technical Analysis: EURUSD bulls retreat ahead of the NFP

Having confirmed falling wedge bullish formation the previous day, EURUSD buyers seem to catch a breath ahead of the key US employment figures for April

Denis Sergienko

2020-05-08

Technical Analysis: EURUSD bulls retreat ahead of the NFP
Technical Analysis: GBPUSD pierces weekly resistance line after BOE's rate decision

Despite announcing no change in its present monetary policy, as expected, the BOE managed to propel GBPUSD by over 70 pips after the upbeat statements

Denis Sergienko

2020-05-07

Technical Analysis: GBPUSD pierces weekly resistance line after BOE's rate decision
Technical Analysis: NZDUSD stays below 61.8% Fibonacci, inside ascending channel after NZ Q1 employment data

Although upbeat prints of New Zealand's first quarter (Q1) employment figures please NZD/USD buyers, 61.8% Fibonacci retracement of the pair's March month fall restricts the kiwi pair's immediate

Denis Sergienko

2020-05-06

Technical Analysis: NZDUSD stays below 61.8% Fibonacci, inside ascending channel after NZ Q1 employment data
Technical Analysis: Multiple bottoms around 0.9590/85 keeps USDCHF buyers hopeful

With a five-week-old horizontal area restricting the USDCHF downside, the pair pops up on the buyers' radars. In doing so, a 200-bar SMA level of 0.9705 becomes the first levels to aim while 23.6% Fibonacci retracement near 0.9730 can challenge buyers next.

Denis Sergienko

2020-05-05

Technical Analysis: Multiple bottoms around 0.9590/85 keeps USDCHF buyers hopeful
Technical Analysis: 0.6250 back on AUDUSD sellers’ radars amid risk-off

In addition to breaking a month-old rising trend line, AUDUSD also trades below the mid-April top, which in turn suggests the pair's further weakening towards April 21 low near 0.6250.

Denis Sergienko

2020-05-04

Technical Analysis: 0.6250 back on AUDUSD sellers’ radars amid risk-off
Technical Analysis: GBPUSD traders should be mindful of 1.2640/50 resistance area

GBPUSD registers another pullback from the key 1.2640/50 horizontal resistance, amid nearly overbought RSI, which in turn suggests the pair's drop to 61.8% Fibonacci retracement near 1.2515

Denis Sergienko

2020-05-01

Technical Analysis: GBPUSD traders should be mindful of 1.2640/50 resistance area