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Technical Analysis (Page 23)

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

2023-03-28
USDJPY drops within falling wedge

USDJPY struggles to defend the first positive week in five, grinding lower inside a falling wedge bullish chart formation.

2023-03-27
GBPUSD bears flex muscles to retake control

GBPUSD confirmed a rising wedge bearish chart pattern on Friday, despite posting another weekly gain and marking an intraday run-up of late.

2023-03-24
Gold has smoother road towards the north

Gold teased bears earlier in the week by defying the bullish channel but the follow-on bounce off the $1,934-36 zone renewed buying interest in the yellow metal.

2023-03-23
GBPUSD runs into key resistance as BoE rate hike looms

While Cable bulls brace for the BoE updates, GBPUSD runs into key resistance.

2023-03-22
EURUSD bulls approach strong resistance area on Fed day

EURUSD bulls are about to reach the strongest resistance ahead of the FED day.

2023-03-21
USDCAD appears well-set for further downside towards 1.3500

USDCAD justifies a downside break of a five-week-old ascending trend channel, as well as downbeat RSI and MACD signals.

2023-03-20
USDJPY bears appear tiring as the Fed week begins

USDJPY marked the biggest weekly loss since early January despite trading within a one-week-long descending triangle.

2023-03-17
Gold buyers brace for fresh 2023 high

Gold buyers poke a four-month-old support-turned-resistance line as bulls await final clues for the next week’s Fed meeting.