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Technical Analysis (Page 27)

2023-01-12
EURUSD portrays bullish trend-widening formation

EURUSD grinds higher around the seven-month top inside a rising megaphone chart pattern on the daily formation.

2023-01-11
Gold buyers need $1,880 breakout for confirmation

Gold buyers struggle with an 11-month-old horizontal resistance, despite crossing an upward-sloping resistance line stretched from early October 2022.

2023-01-10
USDCAD bears brace for mid-1.3200s with eyes on BOC’s Macklem

USDCAD remains depressed at the lowest levels in six weeks after breaking the 100-DMA as broad US Dollar weakness joins firmer oil prices.

2023-01-09
AUDUSD bulls are all set to visit the 0.7000 threshold

AUDUSD offered the first daily closing beyond the 200-DMA, as well as a downward-sloping trend line from June.

2022-12-30
Gold braces for bullish end of 2022

Gold portrays the second consecutive monthly gain as it flirts with the $1,800 threshold in the last few days.

2022-12-29
GBPUSD bears lurk behind 1.2000 to retake control

GBPUSD braces for the first weekly gain in four as 200-EMA and a two-week-old support line defends Cable buyers.

2022-12-28
EURUSD stays on bull’s radar despite recent pullback

EURUSD retreats inside a six-week-old bullish channel as the holiday season allows buyers to take a breather.

2022-12-27
USDJPY recovery remains doubtful

USDJPY consolidates the biggest daily loss in 14 years while positing a gradual rebound from the 78.6% Fibonacci retracement level of its May-October upside.

2022-12-23
Gold has little room to the north as traders brace for holiday season

Gold retreats from a weekly horizontal resistance that’s near a top-end of an upward-sloping trend channel stretched since mid-November.

2022-12-22
GBPUSD bears lurk behind 1.2080 key support

GBPUSD fades upside momentum after reversing from the 61.8% Fibonacci retracement level of January-September downside.

2022-12-21
Ascending triangle teases USDCAD bears ahead of BOC inflation

USDCAD portrays a bearish triangle formation after multiple rejections from the 1.3700 threshold.

2022-12-20
USDJPY prints bear flag as Bank of Japan gains attention

USDJPY is likely to end 2022 on a negative note, despite bracing for the biggest yearly run-up since 2013.