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Market Analysis (Page 53)

2022-05-02
Silver breaks key support to refresh three-month low, bears eye sub-$22.00

On Friday, silver prices closed at the lowest levels last seen during early February while portraying a seven-day downtrend.

2022-04-29
USDCAD pullback eyes 1.2700 ahead of the key US data

USDCAD refreshed a seven-year high on Thursday before reversing from a downward sloping trend line from December 2021.

2022-04-28
Gold bears approach key support ahead of US GDP

Gold sellers cheer firmer US dollar and a sustained break of the three-month-old ascending trend line at the lowest levels in nine weeks ahead of the key US Q1 2022 GDP data.

2022-04-27
AUDUSD stays on the way to sub-0.7000 region despite recent bounce

AUDUSD rebounds from a two-month low, also snapping a four-day downtrend, by cheering a strong quarterly inflation data at home.

2022-04-26
EURUSD hints at corrective pullback during the big week

EURUSD prices remain above a five-month-old downward sloping support line.

2022-04-22
GBPUSD signals further losses, UK data, BOE’s Bailey eyed

GBPUSD extends pullback from 1.3090 ahead of the key UK data, as well as a speech from the BOE Governor Andrew Bailey, during early Friday.

2022-04-21
Rising wedge confirmation keeps gold sellers hopeful

Gold prices fail to reject the rising wedge bearish chart pattern confirmation portrayed on Tuesday.

2022-04-20
EURUSD remains vulnerable to further downside

EURUSD licks its wounds around a two-year low during a cautiously optimistic Asian session on Wednesday.

2022-04-19
USDCHF pullback is in the offing, focus on SNB’s Jordan

USDCHF prints a five-day uptrend to refresh the yearly high at around 0.9460. The pair’s latest upswing took place from the 21-DMA and monthly support line.

2022-04-18
AUDUSD sellers attack 0.7365-60 support zone on China data

AUDUSD renews its monthly low during early Monday as mixed data from the biggest customer China joins the risk-off mood.

2022-04-15
USDCAD struggles to keep recovery around 1.2600

USDCAD’s rebound from a weekly low fails to cross the 200-SMA hurdle amid a holiday-thinned trading session on Friday.

2022-04-14
AUDUSD rebound remains elusive below 0.7500

AUDUSD keeps the bounce off 200-SMA despite mixed jobs report as market sentiment improves during early Thursday in Asia.