Market Insights

Technical Analysis: Rising wedge near February high tests EURUSD bulls ahead of US GDP

EURUSD eases to 1.2130, following its run-up to a two-month high, during early Thursday.

2021-04-29

Technical Analysis: Rising wedge near February high tests EURUSD bulls ahead of US GDP

Technical Analysis: Gold looks set for further losses ahead of FOMC

Gold sellers cheer a clear downside break of the monthly support line, now resistance, amid bearish MACD signals near the lowest in a week.

Denis Sergienko

2021-04-28

Technical Analysis: Gold looks set for further losses ahead of FOMC

Technical Analysis: NZDUSD suggests pullback inside monthly rising wedge

NZDUSD buyers attack the upper line of the short-term rising wedge bearish chart pattern on early Tuesday.

Denis Sergienko

2021-04-27

Technical Analysis: NZDUSD suggests pullback inside monthly rising wedge

Technical Analysis: AUDUSD bulls stay hopeful on crossing two-month-old trend line hurdle

AUDUSD bulls to aim for a five-week-long resistance line, near 0.7810 with a a clear breakout of a downward sloping trend line from early March.

Denis Sergienko

2021-04-26

Technical Analysis: AUDUSD bulls stay hopeful on crossing two-month-old trend line hurdle

Technical Analysis: Rising wedge on 4H keeps gold sellers hopeful

Gold picks up bids inside a two-week-old bearish chart pattern during early Friday.gold sellers are hopeful.

Denis Sergienko

2021-04-23

Technical Analysis: Rising wedge on 4H keeps gold sellers hopeful

Technical Analysis: EURUSD looks set to refresh two-month top, ECB in focus

EURUSD traders turn optimistic ahead of Thursday’s European Central Bank (ECB) meeting.

Denis Sergienko

2021-04-22

Technical Analysis: EURUSD looks set to refresh two-month top, ECB in focus

Technical Analysis: Brent oil bears need 200-SMA breakdown to keep the reins

With the pandemic woes back to the table, fears of depleting oil demand and scheduled jump in supplies weigh on Brent prices during early Wednesday.

Denis Sergienko

2021-04-21

Technical Analysis: Brent oil bears need 200-SMA breakdown to keep the reins

Technical Analysis: GBPUSD bulls eye 1.4025-35 horizontal resistance

GBPUSD extends the upside break of the two-month-old resistance line, now support, towards horizontal hurdles comprising late February tops.

Denis Sergienko

2021-04-20

Technical Analysis: GBPUSD bulls eye 1.4025-35 horizontal resistance

Technical Analysis: EURUSD teases short-term rising wedge confirmation on 4H

EURUSD again eyes the 1.1990–1.2000 horizontal resistance area established since early March.

Denis Sergienko

2021-04-19

Technical Analysis: EURUSD teases short-term rising wedge confirmation on 4H

Technical Analysis: Gold flirts with previous resistance line during BPC play on 4H

Gold’s pullback from a two-month low, followed by a bounce off the previous resistance line, portrays a BPC bullish chart.

Denis Sergienko

2021-04-16

Technical Analysis: Gold flirts with previous resistance line during BPC play on 4H

Technical Analysis: USDJPY signals further losses below 109.00

USDJPY’s failures to regain above 200-SMA, coupled with monthly falling channel formation, favor bears targeting an ascending support line from March 05

Denis Sergienko

2021-04-15

Technical Analysis: USDJPY signals further losses below 109.00

Technical Analysis: AUDUSD crosses seven-week-old resistance line

AUDUSD takes the bids near the one-week top. Given the strong RSI and upbeat MACD.

Denis Sergienko

2021-04-14

Technical Analysis: AUDUSD crosses seven-week-old resistance line

Technical Analysis: $64.30, $65.55 become the key hurdles for Brent oil bulls

Brent oil’s gradual recovery from late March nears a five-week-old resistance line. Upbeat RSI conditions and an upward sloping support line favor oil buye

Denis Sergienko

2021-04-13

Technical Analysis: $64.30, $65.55 become the key hurdles for Brent oil bulls

Technical Analysis: EURUSD steps back from 200-SMA but 1.1810 can test the bears

EURUSD recovery from April-start couldn’t cross 200-SMA as overbought RSI triggered the currency major pair’s pullback.

Denis Sergienko

2021-04-12

Technical Analysis: EURUSD steps back from 200-SMA but 1.1810 can test the bears

Technical Analysis: $1,761 holds the key to Gold’s further upside

Gold refreshed six-week top the previous day but failed to cross a downward sloping trend line from January-end, not to forget 50-DMA.

Denis Sergienko

2021-04-09

Technical Analysis: $1,761 holds the key to Gold’s further upside