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Market insights

Technical Analysis: Brent oil again approaches $116.00 key resistance

Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally.

Technical Analysis: GBPUSD bulls have more upside on the platter

GBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400.

Technical Analysis: Gold stays below 200-DMA, signals more downside

Gold prices hold lower grounds below the 200-DMA so far during the week, backed by downbeat MACD and RSI (14).

Technical Analysis: USDCAD remains vulnerable to further downside ahead of Canada CPI

USDCAD sellers hopeful ahead of Canada’s Consumer Price Index (CPI) data on Wednesday.

Technical Analysis: EURUSD bears dominate ahead of EU GDP, US Retail Sales

EURUSD portrays a bearish consolidation inside a seven-week-old descending trend channel ahead of the key Eurozone GDP for Q1 2022.

Technical Analysis: AUDUSD rebound appears interesting if it stays beyond 0.6960

AUDUSD managed to rebound from a two-year low on Friday, snapping a six-day downtrend and portraying a falling wedge bullish chart pattern.

Technical Analysis: USDJPY activates much-awaited fall, 127.00 appears nearby support

USDJPY remains pressured around a two-week low, despite the latest rebound from 127.50, after the yen pair slipped beneath an upward sloping support line from March-end.

Technical Analysis: Falling wedge at two-year low teases GBPUSD buyers ahead of UK GDP

GBPUSD remains guarded, despite all the difficulties, ahead of the preliminary readings of UK Q1 2022 GDP. In doing so, the cable pair portrays a falling wedge bullish chart pattern at the lowest levels since June 2020.

Technical Analysis: Gold bears need validation from $1,835 to take control

Gold’s failure to rebound from $1,850 joins bearish MACD signals to keep sellers hopeful as markets await the key US inflation numbers.

Technical Analysis: EURUSD’s bear flag hints at further fall in prices

Although the weekly channel restricts EURUSD moves while other major currency pairs portray heavy selling against the USD, the bearish flag formation joins downbeat MACD and RSI signals to keep sellers hopeful.

Technical Analysis: Brent oil buyers seem running out of steam

Although a fortnight old rising channel portrays the bull’s command over Brent oil, backed by the fears of a supply crunch, the commodity prices have failed to portray a notable run-up.

Technical Analysis: Gold buyers remain hopeful to regain $1,900 on NFP day

Despite reversing the post-Fed rally, gold prices remain beyond a three-day-old ascending support line, around $1,870 by the press time, ahead of the US Nonfarm Payrolls (NFP) release on Friday.