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USDJPY bulls struggle to extend Friday’s bounce towards the immediate hurdle surrounding 50-DMA, near 113.45.
Gold prices remain below the key hurdles, namely an ascending trend line from August and a convergence of 50, 100 and 200 DMAs.
Brent oil’s rebound from an ascending support line from March, energy traders stay bearish ahead of the key OPEC+ decision.
Gold prices are vulnerable to further downside as sustained trading below the two-month-old support line.
GBPUSD struggles to defend 1.3270 support convergence, comprising a descending trend line from late July and 61.8% Fibonacci retracement (Fibo.) level.
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.
Silver comes with a sustained trading below the 200-SMA and a two-month-old support line hints at the commodity’s weakness.
Gold extends the previous day’s bounce off an ascending support line from August towards 200-DMA amid a sluggish Asian session on Thursday.
EURUSD bears are hopeful to visit a 20-pip horizontal region comprising March 2020 peak and June 2020 trough.
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.
Gold’s pullback from the yearly resistance gains supports from RSI retreat, suggesting further weakness in prices.
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.
NZDUSD goes towards confirming falling wedge bullish formation, extending run-up towards the 200-SMA level of 0.7070.
The broad US dollar strength could be well witnessed on the EURUSD chart that prints the lowest level since July 2020.
Gold buyers battle the yearly resistance line heading into the US Retail Sales release for October.