Technical Analysis: EURUSD struggles to keep monthly trendline breakout on ECB day

With the 21-day EMA continues to challenge EURUSD buyers, the pair's break of monthly trend line fails to post any gains ahead of the key ECB meeting While the European Central Bank (ECB) isn't

Technical Analysis: EURUSD struggles to keep monthly trendline breakout on ECB day
Technical Analysis: Overbought RSI checks AUDUSD bulls despite upbeat sentiment

Having refreshed the monthly high above April 14 top, AUDUSD stays mildly positive beyond the horizontal support However, overbought RSI conditions restrict the pair's further upside

Technical Analysis: Overbought RSI checks AUDUSD bulls despite upbeat sentiment
Technical Analysis: Gold carries pullback from 100-bar SMA, monthly support line ahead of US GDP, FOMC

​Gold prices defy the previous two-day gains while taking a U-turn from 100-bar SMA and monthly support-line. However, the bullion's gains are capped by the market's cautious momentum ahead of the key data/event viz.

Technical Analysis: Gold carries pullback from 100-bar SMA, monthly support line ahead of US GDP, FOMC
Technical Analysis: USDJPY breaks weekly support after BOJ, 106.90 back in focus

Despite the Bank of Japan's (BOJ) easing efforts and watered-down economic forecasts for the first quarter (Q1) of 2020, USDJPY drops below the one-week-old support line.

Technical Analysis: USDJPY breaks weekly support after BOJ, 106.90 back in focus
Technical Analysis: EURUSD remains pressured below key resistances, bears target March low

While extending its U-turn from 100-bar SMA, EURUSD drops near the weekly low close to 1.0760/55. The pair sellers currently aim for 1.0700 ahead of the March month low near 1.0635.

Technical Analysis: EURUSD remains pressured below key resistances, bears target March low
Technical Analysis: USD/JPY funneling down to the short-term triangle breakout

USD/JPY nears the break of the symmetrical triangle on a key day comprising US Jobless Claims, PMIs and House voting on a $484 billion aid package Considering the normal conditions of RSI as well as

Technical Analysis: USD/JPY funneling down to the short-term triangle breakout
Technical Analysis: Gold bounces off 21-day EMA, but stays below near-term key resistance

Gold prices fail to extend the bounce off 21-day EMA as a horizontal area since March 09, around $1,702/07 restricts the bullion's immediate upside amid broad US dollar strength

Technical Analysis: Gold bounces off 21-day EMA, but stays below near-term key resistance
Technical Analysis: No mercy of WTI traders despite oversold RSI

Although WTI recovers Monday's losses, the energy benchmark still stays below the monthly resistance line, which in-turn portrays the bears' dominance over the oil prices.

Technical Analysis: No mercy of WTI traders despite oversold RSI
Technical Analysis: 1.2310/05 stays on GBPUSD sellers' watch list

Not only repeated failures to cross 61.8% Fibonacci retracement of January-March downside but the inability to rise-past 200-day SMA also speaks largely for the GBPUSD pair sellers.

Technical Analysis: 1.2310/05 stays on GBPUSD sellers' watch list
Technical Analysis: EURUSD remains below support-turned-resistance

The EURUSD pair's bounce off 1.0816 fails to cross the previous support line, at 1.0885 now, which in turn portrays the underlying weakness in momentum.

Technical Analysis: EURUSD remains below support-turned-resistance
Technical Analysis: AUDUSD breaks monthly support line after Aussie employment data

As soon as the Aussie traders knew that the recently upbeat job figures for March don't reveal the lockdown impact, the AUD/USD pair extended the previous pullback moves and slipped below the one-month-old rising trend line.

Technical Analysis: AUDUSD breaks monthly support line after Aussie employment data
Technical Analysis: USDCAD bounces off multi-day-old support line ahead of BOC

USDCAD takes a U-turn from a one-month-old falling trend line while confronting short-term resistance on early Wednesday The pair remains on the recovery mode ahead of the Bank of Canada (BOC)

Technical Analysis: USDCAD bounces off multi-day-old support line ahead of BOC
Technical Analysis: AUDUSD probes yearly resistance line on China trade data

Following its successful rise above the 50-day SMA, AUDUSD trades near the monthly top while also challenging the descending trend line stretched from December 31, 2019, near 0.6445 now.

Technical Analysis: AUDUSD probes yearly resistance line on China trade data
Technical Analysis: Rising wedge, overbought RSI question Gold buyers

Although gold prices are near to the monthly top, a short-term rising wedge formation, coupled with overbought RSI conditions seems to challenge the buyers

Technical Analysis: Rising wedge, overbought RSI question Gold buyers
Technical Analysis: WTI drops from 21-day EMA, monthly resistance line on OPEC+ disappointment

Not only lesser than expected production cuts of 20 million barrels a day to the half amid the OPEC members but no final decision over its application on OPEC+ group also weighs on the WTI off-late

Technical Analysis: WTI drops from 21-day EMA, monthly resistance line on OPEC+ disappointment