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Technical Analysis (Page 57)

2022-01-10
“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.

2022-01-07
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.

2022-01-06
GBPUSD must stay above 1.3555 to keep bulls on the table

GBPUSD keeps the 50-DMA breakout to battle the 100-DMA as traders await final readings of UK Services PMI for December.

2022-01-05
EURUSD bears eye 1.1260 key support ahead of US ADP, FOMC Minutes

EURUSD dropped beneath the 20-DMA and made seller’s way clear for a battle with a six-week-old support line, around 1.1260.

2022-01-04
Brent oil stays softer ahead of OPEC+ JTC, US ISM PMI

Brent oil sees further downside after confirming short-term rising wedge bearish chart pattern the last week.

2022-01-03
USDCAD bears have miles to go before retaking controls

USDCAD bears are yet to provide a convincing sign of return despite Friday’s heavy fall.