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Technical Analysis: USDCAD bears aim for 1.3155 support confluence ahead of Canadian jobs report

USDCAD remains bears' favorite as sustained trading below 200-bar SMA and 50% Fibonacci retracement level keeps sellers hopeful amid downbeat MACD Also favoring the odds of the pair's weakness could

Denis Sergienko

2020-10-09

Technical Analysis: USDCAD bears aim for 1.3155 support confluence ahead of Canadian jobs report
Technical Analysis: Inverse head-and-shoulders, 200-bar SMA highlights 1.3000 for GBPUSD bulls

GBPUSD's bounce off 23.6% Fibonacci retracement again drives the pair upwards to the key 1.3000 resistance.

Denis Sergienko

2020-10-08

Technical Analysis: Inverse head-and-shoulders, 200-bar SMA highlights 1.3000 for GBPUSD bulls
Technical Analysis: USDJPY bulls attack 105.80 key resistance

USDJPY again confronts the joint of 50-day SMA and a falling trend line from July 01, around 105.80.

Denis Sergienko

2020-10-07

Technical Analysis: USDJPY bulls attack 105.80 key resistance
Technical Analysis: Gold eases ahead of key resistances as previous risk-on struggles

With the fresh doubts over US President Donald Trump's health, despite his leave form the hospital, Gold prices lose the previous day's upside momentum

Denis Sergienko

2020-10-06

Technical Analysis: Gold eases ahead of key resistances as previous risk-on struggles
Technical Analysis: AUDUSD struggles to regain 0.7200 despite recent risk recovery

Despite following a one-week-old rising trend line, AUDUSD bulls repeatedly fail to overcome 100-bar SMA, which in turn directs the quote towards the short-term support line around 0.7155

Denis Sergienko

2020-10-05

Technical Analysis: AUDUSD struggles to regain 0.7200 despite recent risk recovery
Technical Analysis: EURUSD bears firming up grip ahead of US NFP

EURUSD marked a corrective bounce after the news that US President Donald Trump tests positive for the coronavirus (COVID-19) However, the quote stays below 100-bar SMA and a falling trend line from

Denis Sergienko

2020-10-02

Technical Analysis: EURUSD bears firming up grip ahead of US NFP
Technical Analysis: Monthly resistance line probes Brent oil's recovery above $40.00

Despite bouncing off the fortnight low, Brent oil prices are yet to clear a falling trend line from August 31, at $42.10 now While the MACD and RSI are both suggesting a further recovery in the

Denis Sergienko

2020-10-01

Technical Analysis: Monthly resistance line probes Brent oil's recovery above $40.00
Technical Analysis: USDJPY reverses from key SMA on US election debate

Although the US presidential election debate came out as more of a disappointment, Donald Trump's warning of a delay in the result triggered a rush for risk-safety afterward

Denis Sergienko

2020-09-30

Technical Analysis: USDJPY reverses from key SMA on US election debate
Technical Analysis: GBPUSD bulls stay chained ahead of the key Brexit talks

GBPUSD bears away, 100-bar SMA and a falling trend line from September 10, respectively around 1.2890 and 1.2960, restrict the cable's near-term upside.

Denis Sergienko

2020-09-29

Technical Analysis: GBPUSD bulls stay chained ahead of the key Brexit talks
Technical Analysis: Strong support confluence around $1,850/45 probe Gold bears

Gold prices keep Friday's losses while taking rounds to $1,855 during the early Monday Although clear trading below August month's low of $1,862.88 keeps the sellers hopeful, a confluence of 100-day

Denis Sergienko

2020-09-28

Technical Analysis: Strong support confluence around $1,850/45 probe Gold bears
Technical Analysis: EURUSD sellers are up for a big move downwards to sub-1.1550 area

Despite declining for the last three consecutive days to refresh two-month low, EURUSD bears are yet to enjoy as a sustained break of a six-month-old ascending trend line and 50-day EMA suggest the

Denis Sergienko

2020-09-23

Technical Analysis: EURUSD sellers are up for a big move downwards to sub-1.1550 area
Technical Analysis: AUDUSD bears cheer risk-off mood below 0.7230/35 resistance confluence

AUDUSD's bounces off 61.8% Fibonacci retracement, amid oversold RSI conditions, failed to cross the previous support line, which in turn keeps the sellers hopeful around 0.7215 during the early

Denis Sergienko

2020-09-22

Technical Analysis: AUDUSD bears cheer risk-off mood below 0.7230/35 resistance confluence
Technical Analysis: NZDUSD bulls flexing muscle above 21-day SMA

Having already refreshed the multi-month peak on Friday, NZDUSD bulls keep the reins while extending its run-up beyond the 21-day SMA Although RSI conditions offer a bumpy road ahead, traders are

Denis Sergienko

2020-09-21

Technical Analysis: NZDUSD bulls flexing muscle above 21-day SMA
Technical Analysis: 50-day SMA probes Brent oil bulls targeting $46.00

In case where the Brent oil prices remain weak past-$39.00, the 23.6% Fibonacci retracement level of $38.78 will be important.

Denis Sergienko

2020-09-18

Technical Analysis: 50-day SMA probes Brent oil bulls targeting $46.00
Technical Analysis: GBPUSD pulls back from 10-day SMA ahead of BOE

While Friday's Doji pleased GBPUSD bulls so far, 10-day SMA triggered a corrective pullback ahead of the Bank of England's (BOE) monetary policy decision on Thursday

Denis Sergienko

2020-09-17

Technical Analysis: GBPUSD pulls back from 10-day SMA ahead of BOE