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Market Analysis (Page 35)

2023-03-27
GBPUSD bears flex muscles to retake control

GBPUSD confirmed a rising wedge bearish chart pattern on Friday, despite posting another weekly gain and marking an intraday run-up of late.

2023-03-24
Gold has smoother road towards the north

Gold teased bears earlier in the week by defying the bullish channel but the follow-on bounce off the $1,934-36 zone renewed buying interest in the yellow metal.

2023-03-23
GBPUSD runs into key resistance as BoE rate hike looms

While Cable bulls brace for the BoE updates, GBPUSD runs into key resistance.

2023-03-22
EURUSD bulls approach strong resistance area on Fed day

EURUSD bulls are about to reach the strongest resistance ahead of the FED day.

2023-03-21
USDCAD appears well-set for further downside towards 1.3500

USDCAD justifies a downside break of a five-week-old ascending trend channel, as well as downbeat RSI and MACD signals.

2023-03-20
USDJPY bears appear tiring as the Fed week begins

USDJPY marked the biggest weekly loss since early January despite trading within a one-week-long descending triangle.

2023-03-17
Gold buyers brace for fresh 2023 high

Gold buyers poke a four-month-old support-turned-resistance line as bulls await final clues for the next week’s Fed meeting.

2023-03-16
EURUSD bears take a break ahead of ECB

EURUSD posted the biggest daily slump in six months as Credit Suisse headlines fanned risk aversion on Wednesday.

2023-03-15
AUDUSD bulls need validation from 0.6770

AUDUSD confirmed a falling wedge bullish chart pattern during the early days and is keeping the breakout so far during Wednesday

2023-03-14
GBPUSD buyers struggle on UK employment, US inflation release day

GBPUSD buyers take a break and make a deep breath before the CPI Index and UK Jobs report release.

2023-03-13
USDJPY attracts bears but 200-SMA is the key support

USDJPY showcases the second loss in a week to attract bears but still has 200-SMA as the key support.

2023-03-10
200-EMA defends Gold buyers on US NFP day

Gold reverses the previous weekly gains with 200-EMA to defend metal buyers.