Market Insights

Technical Analysis: Gold stays directed towards $1,760 ahead of US NFP

Gold broke the key support around $1,795 comprising 200-SMA and a 13-day-old ascending trend line.

Denis Sergienko

2022-01-07

Technical Analysis: GBPUSD must stay above 1.3555 to keep bulls on the table

GBPUSD keeps the 50-DMA breakout to battle the 100-DMA as traders await final readings of UK Services PMI for December.

Denis Sergienko

2022-01-06

Technical Analysis: EURUSD bears eye 1.1260 key support ahead of US ADP, FOMC Minutes

EURUSD dropped beneath the 20-DMA and made seller’s way clear for a battle with a six-week-old support line, around 1.1260.

Denis Sergienko

2022-01-05

Technical Analysis: Brent oil stays softer ahead of OPEC+ JTC, US ISM PMI

Brent oil sees further downside after confirming short-term rising wedge bearish chart pattern the last week.

Denis Sergienko

2022-01-04

Technical Analysis: USDCAD bears have miles to go before retaking controls

USDCAD bears are yet to provide a convincing sign of return despite Friday’s heavy fall.

Denis Sergienko

2022-01-03

Technical Analysis: GBPUSD bulls are at test on the final day of 2021

GBPUSD bulls cheer clear upside break of 50-DMA to poke six-week top, amid bullish MACD signals

Denis Sergienko

2021-12-31

Technical Analysis: Gold bears eye $1,764 on fortnight-old support break

Gold prices conquered a two-week-long ascending support line. The bearish impulse takes clues from downbeat MACD signals.

Denis Sergienko

2021-12-30

Technical Analysis: EURUSD pierces 200-SMA but 1.1350 holds the gate for bulls

EURUSD seesaws around 200-SMA inside a six-week-old symmetrical triangle, suggesting the buyer’s return.

Denis Sergienko

2021-12-29

Technical Analysis: GBPUSD battles 50-DMA but bearish trend persists

GBPUSD bulls fail to cheer a clear upside break of the monthly horizontal resistance, now support, as the 50-DMA challenges immediate upside.

Denis Sergienko

2021-12-28

Technical Analysis: Six-week-old support line, 200-SMA test USDCAD bears

USDCAD sellers cheer a rising wedge bearish pattern confirmation at the yearly top amid downbeat MACD and RSI signals to keep the reins during the last days of 2021.

Denis Sergienko

2021-12-27

Technical Analysis: EURUSD bears to keep reins during final days of 2021

EURUSD remains within a small trading range ever since it refreshed the yearly low to 1.1186.

Denis Sergienko

2021-12-24

Technical Analysis: Gold sellers flex muscles around $1,800 ahead of key US data

Sustained trading below the 200-SMA and monthly horizontal resistance keep gold sellers hopeful as markets brace for the last data dose ahead of Christmas fever.

Denis Sergienko

2021-12-23

Technical Analysis: GBPUSD remains vulnerable to refresh 2021 low

The GBPUSD pair’s failure to cross a five-week-old ascending trend line, not to forget 200-SMA, keeps sellers hopeful.

Denis Sergienko

2021-12-22

Technical Analysis: Nine-month-old support line becomes crucial for Brent oil bears

Brent oil sellers cheer a clear downside break of 200-DMA and 50% Fibonacci retracement of March-October upside around 13-day low.

Denis Sergienko

2021-12-21

Technical Analysis: USDCAD bulls attack five-month-old resistance

USDCAD posted the highest daily close of 2021 on Friday, bouncing off 10-day EMA.

Denis Sergienko

2021-12-20