Market Insights

Technical Analysis: USDJPY bears need validation from 112.50

USDJPY bulls struggle to extend Friday’s bounce towards the immediate hurdle surrounding 50-DMA, near 113.45.

2021-12-06

Technical Analysis: Gold bears eye $1,756 as market braces for US NFP

Gold prices remain below the key hurdles, namely an ascending trend line from August and a convergence of 50, 100 and 200 DMAs.

Denis Sergienko

2021-12-03

Technical Analysis: Brent oil eyes OPEC+ verdict within 200-DMA, key support envelope

Brent oil’s rebound from an ascending support line from March, energy traders stay bearish ahead of the key OPEC+ decision.

Denis Sergienko

2021-12-02

Technical Analysis: Gold sellers cheer bear cross, key support break below $1,800

Gold prices are vulnerable to further downside as sustained trading below the two-month-old support line.

Denis Sergienko

2021-12-01

Technical Analysis: GBPUSD keeps bounce off 1.3270 key support, bears in charg

GBPUSD struggles to defend 1.3270 support convergence, comprising a descending trend line from late July and 61.8% Fibonacci retracement (Fibo.) level.

Denis Sergienko

2021-11-30

Technical Analysis: EURUSD rebound stays on the cards until breaking 1.1147

EURUSD bears keep reins around the yearly, the odds of a corrective pullback can’t be ruled out considering the quote’s ability to stay beyond a three-week-old resistance line.

Denis Sergienko

2021-11-29

Technical Analysis: Silver stays en route $23.00

Silver comes with a sustained trading below the 200-SMA and a two-month-old support line hints at the commodity’s weakness.

Denis Sergienko

2021-11-26

Technical Analysis: Gold buyers battle 200-DMA at three-week low

Gold extends the previous day’s bounce off an ascending support line from August towards 200-DMA amid a sluggish Asian session on Thursday.

Denis Sergienko

2021-11-25

Technical Analysis: EURUSD inches closer to 1.1160-40 support area

EURUSD bears are hopeful to visit a 20-pip horizontal region comprising March 2020 peak and June 2020 trough.

Denis Sergienko

2021-11-24

Technical Analysis: Brent oil fades bounce off 100-day EMA

Brent oil’s bounce off a two-month low the previous day, the black gold remains pressured towards re-testing the 100-day EMA level.

Denis Sergienko

2021-11-23

Technical Analysis: Gold sellers need validation from $1,834

Gold’s pullback from the yearly resistance gains supports from RSI retreat, suggesting further weakness in prices.

Denis Sergienko

2021-11-22

Technical Analysis: Rising wedge teases GBPUSD sellers before UK Retail Sales

GBPUSD’s gradual rebound from the yearly low is at test ahead of the UK Retail Sales as the pair portrays a bearish chart pattern.

Denis Sergienko

2021-11-19

Technical Analysis: NZDUSD braces for a bull-run ahead of next week’s RBNZ

NZDUSD goes towards confirming falling wedge bullish formation, extending run-up towards the 200-SMA level of 0.7070.

Denis Sergienko

2021-11-18

Technical Analysis: EURUSD refreshes 16-month low on the road to 1.1150

The broad US dollar strength could be well witnessed on the EURUSD chart that prints the lowest level since July 2020.

Denis Sergienko

2021-11-17

Technical Analysis: Gold bulls are at test ahead of the key US data

Gold buyers battle the yearly resistance line heading into the US Retail Sales release for October.

Denis Sergienko

2021-11-16