Market Insights

Technical Analysis: Gold bulls are on test seats below $1,800

Gold pierces the key horizontal resistance established in late June during a five-day consolidation of the August 08 fall. However, the RSI remains normal and MACD flashes bearish signals, which in turn probe the rebound.

Angelina Morozova

2021-08-17

Technical Analysis: Brent oil sellers look for $68.00 retest

Escalating covid woes weigh on commodities while downbeat China data exerts additional pressure on the Brent oil prices during early Monday.

Angelina Morozova

2021-08-16

Technical Analysis: USDCAD bears need to break 1.2455-50 for conviction

USDCAD struggles to extend the previous day’s rebound during early Friday. Inability to rise joins downbeat MACD and sluggish RSI to keep sellers hopeful.

Denis Sergienko

2021-08-13

Technical Analysis: GBPUSD struggles to extend bounce off 21-DMA post UK GDP

GBPUSD fails to cheer upbeat UK GDP figures as market plays await fresh clues to confirm the Fed tapering chatters.

Denis Sergienko

2021-08-12

Technical Analysis: EURUSD tests five-week-old support line ahead of US inflation data

EURUSD remains pressured around the yearly lows as the pair traders await July month Consumer Price Index (CPI) data from the US.

Denis Sergienko

2021-08-11

Technical Analysis: Gold bears step-back but not out below $1,765

Gold’s rebound from four-month low struggles around previous supports but the MACD recently flashed bearish signals and the RSI isn’t oversold as well.

Denis Sergienko

2021-08-09

Technical Analysis: Gold sellers look for conviction ahead of US NFP

After breaking an ascending support line from late June, now resistance, gold bears battle 200-HMA amid cautious market sentiment ahead of the US Nonfarm Payrolls (NFP) data.

Denis Sergienko

2021-08-06

Technical Analysis: GBPUSD seesaws inside bullish pennant ahead of BOE

GBPUSD bears the burden of the US dollar rebound and the pre-BOE anxiety during the early Super Thursday.

Denis Sergienko

2021-08-05

Technical Analysis: NZDUSD confirms rising wedge bullish pattern on strong NZ employment

The NZDUSD prices beyond a key hurdle from mid-June, which in turn confirmed a bullish formation.

Denis Sergienko

2021-08-04

Technical Analysis: AUDUSD bulls attack monthly hurdle on hawkish RBA

The Reserve Bank of Australia’s (RBA) keeping of September tapering on the table, despite covid woes at home, offered over 40 pips of immediate upside to the AUD/USD pair on the announcement.

Denis Sergienko

2021-08-03

Technical Analysis: Silver bulls seek entries beyond $25.85

Despite bouncing off a four-month low during the last week, silver buyers need validation from the 200-SMA level near $25.85 to retake the controls.

Denis Sergienko

2021-08-02

Technical Analysis: Brent oil stays on the way to $76.25 despite recent pullback

Brent oil prices ease from the two-week top during early Friday. However, the British oil benchmark holds onto the three-week-old resistance breakout.

Denis Sergienko

2021-07-30

Technical Analysis: EURUSD heads to 1.1880 key resistance ahead of US GDP

The post-Fed rally of EURUSD pokes a two-week-old resistance line as bulls brace for the preliminary figures of the US Q2 GDP, up for publishing later today.

Denis Sergienko

2021-07-29

Technical Analysis: Gold recovery remains elusive below $1,810, focus on Fed

Although US dollar weakness ahead of the Fed’s verdict put a bid under gold prices, a confluence of 100 and 50-SMA becomes a tough nut to crack for the bulls around $1,807-08.

Denis Sergienko

2021-07-28

Technical Analysis: AUDUSD bulls have a bumpy road ahead

AUDUSD refreshes intraday low under 0.7400 threshold as covid woes escalate in Australia, taking down the overall risk sentiment amid pre-Fed cautious mood.

Denis Sergienko

2021-07-27