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Technical Analysis (Page 9)

2023-11-08
Bull flag challenges Gold sellers ahead of Fed Chair Powell’s speech

Gold price remains pressured at the lowest level in two weeks, down for the third consecutive day.

2023-11-07
AUDUSD fails to cheer RBA rate hike, extends pullback from 100-SMA

AUDUSD drops nearly 50 pips even after the Reserve Bank of Australia (RBA) matches expectations of announcing a 0.25% rate hike.

2023-11-06
Rising wedge confirmation favors USDCAD bears at 13-day low

USDCAD posted the biggest weekly loss in more than seven months amid broad-based US Dollar weakness.

2023-11-03
Gold pares weekly loss below $2,000 on NFP day

Gold price edges higher after bouncing off 50-EMA as markets brace for the US employment report for October.

2023-11-02
GBPUSD rebound approaches key upside hurdle on BoE Day

GBPUSD picks up bids to extend the previous day’s rebound from an eight-month-old ascending support line.

2023-11-01
EURUSD challenges bullish channel formation on Fed day

Softer prints of the Eurozone inflation joined the overall risk-off mood and slightly upbeat US data to drag the EURUSD pair down on Tuesday.

2023-10-31
USDJPY challenges rising wedge bearish formation on BoJ status quo

USDJPY bounces off 200-SMA while testing the previous day’s rising wedge confirmation as Yen traders respond to the Bank of Japan’s (BoJ) inaction.

2023-10-30
AUDUSD begins eventful week on a front foot, 0.6380 eyed

AUDUSD prints a three-day winning streak on upbeat Australia Retail Sales for September.

2023-10-20
Gold buyers approach $1,990 resistance amid overbought RSI

Gold Price rises to the highest level in three months on early Friday amid a softer US Dollar and mixed sentiment.

2023-10-19
AUDUSD bears again approach 0.6285 key support

AUDUSD continues its decline from the weekly peak, heading towards the lower boundary of a three-week descending triangle near 0.6285

2023-10-18
GBPUSD stays pressured on UK inflation day

GBPUSD prints mild losses below 1.2200 during early Wednesday as market players await the UK inflation data.

2023-10-17
EURUSD stays in bear’s jaws ahead of US Retail Sales

EURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day.