Technical Analysis: Oversold RSI, October 2019 lows check GBPUSD bears

With the expectations of another heavy stimulus announcement from the UK Chancellor Rishi Sunak, GBP/USD traders await fresh details to justify the oversold RSI.

Technical Analysis: Oversold RSI, October 2019 lows check GBPUSD bears
Technical Analysis: USDJPY struggles to justify Fed/BOJ actions below 200-day SMA

While the Fed's surprise rate cut and the QE dragged the USDJPY back to 10-day SMA, BOJ's inaction, except for increasing the ETF buying, failed to fetch the quote further down

Technical Analysis: USDJPY struggles to justify Fed/BOJ actions below 200-day SMA
Technical Analysis: Gold bounces off five-week low, 100-day EMA, 61.8% Fibonacci in focus

Although the recent financial market meltdown negatively affected Gold as well, the previous metal stays above 100-day EMA As a result, the odds of the bullion's pullback towards $1,625 are on the

Technical Analysis: Gold bounces off five-week low, 100-day EMA, 61.8% Fibonacci in focus
Technical Analysis: AUDUSD bears dominate after fiscal measures from Australia and US

Even with the multi-billion dollars of stimulus, policymakers from the US and Australia fail to lure the AUDUSD buyers as the quote nosedives towards the 11-year low during early Thursday

Technical Analysis: AUDUSD bears dominate after fiscal measures from Australia and US
Technical Analysis: GBPUSD remains below 200-SMA, yearly trendline before UK's key budget

The GBPUSD pair's recovery moves from 1.2865 needs to be watched carefully as monthly data from the UK and the first British budget after the Brexit is in the pipeline for publishing today

Technical Analysis: GBPUSD remains below 200-SMA, yearly trendline before UK's key budget
Technical Analysis: NZDUSD struggles between 10/21-day SMA amid a broad downtrend

With the US dollar recovering Monday's losses on expectations of the broad stimulus and receding coronavirus fears, NZDUSD struggles between 10 and 21-day SMA

Technical Analysis: NZDUSD struggles between 10/21-day SMA amid a broad downtrend
Technical Analysis: EURUSD slips from seven-month high on NFP-day

While the broad the US dollar weakness, amid coronavirus-led risk-off, propelled the EURUSD pair towards seven-month high, the pre-NFP lull seems to drag the quote below 61.8% Fibonacci retracement

Technical Analysis: EURUSD slips from seven-month high on NFP-day
Technical Analysis: Gold bulls need confirmation to stay above 23.6% Fibonacci

With the recent risk recovery, gold prices have been forming a lower high pattern, portrayed by the short-term descending trend line, off-late However, the bullion prices have been above 23.6%

Technical Analysis: Gold bulls need confirmation to stay above 23.6% Fibonacci
Technical Analysis: USDJPY confronts 61.8% Fibonacci while consolidating losses from Fed's shock rate cut

The US Federal Reserve's emergency rate cut of 0.50% dragged the USDJPY pair to five-month lows on Tuesday However, the following pullback currently confronts 61.8% Fibonacci retracement of its

Technical Analysis: USDJPY confronts 61.8% Fibonacci while consolidating losses from Fed's shock rate cut
Technical Analysis: AUDUSD fails to cross short-term resistance despite RBA rate cut

Despite the broad US dollar weakness weighing over the RBA's rate cut, AUDUSD fails to conquer the short-term resistance trend line, around 0.6565 now

Technical Analysis: AUDUSD fails to cross short-term resistance despite RBA rate cut
Technical Analysis: GBPUSD remains directionless between 1.2695-1.2860 area

Despite bouncing off four-month low, GBPUSD isn't out of the woods yet The reason being the start of the formal UK-EU Brexit deal talks as well as the pair's sustained trading below 10-week-old

Technical Analysis: GBPUSD remains directionless between 1.2695-1.2860 area
Technical Analysis: WTI bears eye $44.00 on the break of a year-long trendline

With the global financial markets bearing the burden of coronavirus fears, commodities are down to multi-month low WTI oil is not an exception while trading near the 13-month low after a sustained

Technical Analysis: WTI bears eye $44.00 on the break of a year-long trendline
Technical Analysis: EURUSD tops 11-day high with eyes on US GDP

With the US 10-year Treasury yields declining to fresh record lows, amid coronavirus fears, the US dollar registers across the board weakness during early Thursday

Technical Analysis: EURUSD tops 11-day high with eyes on US GDP
Technical Analysis: USDCHF aims to revisit 50-day SMA amid sustained risk-off

Daily technical analysis based on price charts. Find out where's the USDCHF going to move next.

Technical Analysis: USDCHF aims to revisit 50-day SMA amid sustained risk-off
Technical Analysis: USDJPY bounces off 10-day SMA as risk reset welcomes Japanese traders

Daily technical analysis based on price charts. Find out where's the USDJPY going to move next.

Technical Analysis: USDJPY bounces off 10-day SMA as risk reset welcomes Japanese traders