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While a year-long resistance line has been testing gold buyers for one week, a six-week-old rising wedge bearish chart pattern teases sellers as markets brace for the Fed’s verdict.
2022-01-26
USDJPY extends pullback from a four-year high, recently failed to keep the bounce off 113.50, amid downbeat MACD and RSI.
2022-01-25
GBPUSD keeps pullback from 200-DMA and 78.6% Fibonacci retracement (Fibo.) of September-December 2021.
2022-01-24
Gold buyers cheer a clear break of the 23.6% Fibonacci retracement (Fibo.) of August-November 2021
2022-01-21
EURUSD remains on the back foot so far during the current week, heading into the key ECB Monetary Policy Meeting Accounts.
2022-01-20
Although USDCAD buyers keep lurking around an upward sloping trend line from June, failures to stay decisively above the 200-DMA keep sellers hopeful of breaking the 1.2450 support.
2022-01-19
Having reversed from the late October tops, GBPUSD pokes the key support lines around the mid-1.3600s.
2022-01-18
AUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day.
2022-01-17
EURUSD extends the run-up beyond 200-SMA to cross a two-month-old horizontal area surrounding 1.1385 post-US inflation data.
2022-01-13
Gold keeps the bounce off 23.6% Fibonacci retracement of November-December fall to cross the 100-SMA surrounding $1,805
2022-01-12
USDCAD traders to a decisive point with a “Head and Shoulders” bearish chart pattern luring sellers.
2022-01-10
Gold broke the key support around $1,795 comprising 200-SMA and a 13-day-old ascending trend line.
2022-01-07
GBPUSD keeps the 50-DMA breakout to battle the 100-DMA as traders await final readings of UK Services PMI for December.
2022-01-06
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.
2022-01-05
Brent oil sees further downside after confirming short-term rising wedge bearish chart pattern the last week.
2022-01-04
USDCAD bears are yet to provide a convincing sign of return despite Friday’s heavy fall.
2022-01-03
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