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Market insights

2022-10-28
Technical Analysis: Gold sellers flex muscles around mid-$1,600s

Although a one-week-old ascending trend line challenges gold bears of late, repeated failures to cross the 200-SMA signals further hardships for buyers.

2022-10-25
Technical Analysis: EURUSD braces for further upside but 0.9900 tests bulls

EURUSD jostles with a four-month-old resistance line, as well as the 50-DMA, respectively around 0.9870 and 0.9900, as it lures buyers near a fortnight top.

2022-10-24
Technical Analysis: GBPUSD upside remains elusive below 1.1400

The US dollar’s decline versus most currencies on Friday allowed GBPUSD to bounce off a three-week-old support line.

2022-10-21
Technical Analysis: Gold portrays bullish triangle but $1,643 is the key hurdle

Gold braces for the second weekly loss but the bears appear hesitant around the yearly low.

2022-10-20
Technical Analysis: EURUSD signals further downside, 0.9670 in focus

EURUSD returned to the red zone as it broke the weekly support line.

2022-10-19
Technical Analysis: GBPUSD needs to cross and stay beyond 1.1500 to regain buyer’s confidence

GBPUSD seesaws around a monthly resistance line, after successfully crossing the 200-SMA, as buyers await the UK inflation data.

2022-10-18
Technical Analysis: AUDUSD braces for recovery near YTD low, 0.6365 is crucial

AUDUSD rebounds inside a three-week-old falling wedge bullish chart formation and it becomes more important for the short-term buyer’s return.

2022-10-17
Technical Analysis: Rising wedge challenges USDCAD bulls below 1.4000

USDCAD retreats from the highest level in 29 months as bulls appear to run out of steam.

2022-10-14
Technical Analysis: USDJPY bulls need to cross 147.70 to stay on the table

USDJPY poked the year 1998 high on Thursday while piercing a weekly resistance line, staying near the immediate resistance line of late.

2022-10-13
Technical Analysis: Gold’s rebound remains unconvincing below $1,692

A two-month-old previous resistance line defends gold buyers as they seek clarity ahead of the US Consumer Price Index (CPI) data.

2022-10-12
Technical Analysis: EURUSD braces for fresh yearly low ahead of key events/data

EURUSD bears take a rest around the two-week-old horizontal support area while waiting for this week’s key catalysts.

2022-10-11
Technical Analysis: GBPUSD braces for further downside, 1.0930-20 eyed immediately

GBPUSD holds onto the previous week’s downside break of the 50-SMA and a two-week-old support line, now resistance around 1.1160.