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Technical Analysis (Page 12)

2023-10-10
USDJPY retreats within two-month-old rising wedge

USDJPY began the trading week on a back foot within a two-month-old rising wedge bearish chart formation.

2023-10-09
USDCAD bears attack resistance-turned-support near 1.3650

USDCAD remains pressured for the third consecutive day after reversing from a 6.5-month high marked last week.

2023-10-06
EURUSD pares losses within five-week-old bearish channel

EURUSD stays defensive within a short-term bearish chart pattern after recovering from the Year-To-Date (YTD) low in the last two consecutive days.

2023-10-05
Gold price recovery remains elusive below $1,880

Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815.

2023-10-04
GBPUSD appears vulnerable to test multi-month-old support line

GBPUSD remains pressured at the lowest level in seven months as the Cable traders await final prints of the UK S&P Global/CIPS PMIs for September.

2023-10-03
AUDUSD stays pressured around yearly low on RBA status quo

AUDUSD is trading near 0.6335, close to its yearly low following the Reserve Bank of Australia's decision to keep its cash rate unchanged, in line with expectations.

2023-10-02
USDJPY renews one-year high near 150.00

USDJPY extends Friday’s rebound from the nine-week-old rising support line while printing the fresh high of the year 2023.

2023-09-29
EURUSD bounces off 10-month-old support but remains bearish

EURUSD pares weekly losses ahead of the key inflation data from the Eurozone and the US.

2023-09-28
Gold bears cheer death cross, trend line break to aim for mid-$1,800s

Gold licks its wounds at the lowest level in more than six months after falling the most since late July the previous day.

2023-09-27
AUDUSD drops toward yearly low despite upbeat Australia inflation

AUDUSD breaks a three-week-old rising support line despite upbeat Australian inflation data.

2023-09-26
GBPUSD jostles with multi-month-old support around 1.2200

GBPUSD stays depressed at the six-month low even as bears struggle with a horizontal area comprising multiple levels marked since early February.

2023-09-25
USDJPY bulls struggle within rising wedge, focus on 147.30

USDJPY stays defensive at an 11-month high as market players await this week’s key Japan inflation data.