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Technical Analysis (Page 28)

Gold buyers struggle inside rising wedge on Fed day

While a year-long resistance line has been testing gold buyers for one week, a six-week-old rising wedge bearish chart pattern teases sellers as markets brace for the Fed’s verdict.

USDJPY eyes further losses, 112.80 is the key

USDJPY extends pullback from a four-year high, recently failed to keep the bounce off 113.50, amid downbeat MACD and RSI.

GBPUSD battles 1.3540-35 key support ahead of UK PMIs

GBPUSD keeps pullback from 200-DMA and 78.6% Fibonacci retracement (Fibo.) of September-December 2021.

Gold braces for a bumpy road to $1,877

Gold buyers cheer a clear break of the 23.6% Fibonacci retracement (Fibo.) of August-November 2021

EURUSD bears flexing muscles ahead of ECB Meeting Accounts

EURUSD remains on the back foot so far during the current week, heading into the key ECB Monetary Policy Meeting Accounts.

USDCAD sellers attack 1.2450 key support ahead of Canadian CPI

Although USDCAD buyers keep lurking around an upward sloping trend line from June, failures to stay decisively above the 200-DMA keep sellers hopeful of breaking the 1.2450 support.

GBPUSD bears look for entries with eyes on UK employment data

Having reversed from the late October tops, GBPUSD pokes the key support lines around the mid-1.3600s.

UDUSD eyes further downside, monthly support line in focus

AUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day.

EURUSD rebound needs to stay beyond 1.1385 to convince bulls

EURUSD extends the run-up beyond 200-SMA to cross a two-month-old horizontal area surrounding 1.1385 post-US inflation data.

Gold buyers tighten grips ahead of US inflation data

Gold keeps the bounce off 23.6% Fibonacci retracement of November-December fall to cross the 100-SMA surrounding $1,805

“Head and Shoulders” on 4H keeps USDCAD bears hopeful

USDCAD traders to a decisive point with a “Head and Shoulders” bearish chart pattern luring sellers.

Gold stays directed towards $1,760 ahead of US NFP

Gold broke the key support around $1,795 comprising 200-SMA and a 13-day-old ascending trend line.