Market Insights

Technical Analysis: AUDUSD bulls eye 0.7370 on inverse head-and-shoulders confirmation

RBA towards a rate hike, favoring AUDUSD prices to consolidate losses posted since late October.

Denis Sergienko

2021-12-17

Technical Analysis: EURUSD sellers have smooth sailing ahead of ECB

EURUSD traders cautious inside a short-term symmetrical triangle ahead of the ECB monetary policy meeting.

Denis Sergienko

2021-12-16

Technical Analysis: Gold bears bracing for Fed’s verdict inside $25 range

Gold traders prepare for the end of two-week-long choppy moves between 200-DMA and an ascending trend line from early October.

Denis Sergienko

2021-12-15

Technical Analysis: GBPUSD fakes falling wedge ahead of UK employment data

GBPUSD’s corrective pullback from the yearly low confirmed a five-week-old falling wedge bullish chart pattern before dropping back.

Denis Sergienko

2021-12-14

Technical Analysis: EURUSD bulls bracing for a bumpy road with eyes on Fed, ECB

EURUSD buyers hopeful as global markets await the key central bank announcements scheduled for the week.

Denis Sergienko

2021-12-13

Technical Analysis: Gold bears eye $1,760-58 zone ahead of US CPI

Gold traders eye a three-month-old horizontal area surrounding $1,760-58.

Denis Sergienko

2021-12-10

Technical Analysis: GBPUSD bears turning pale inside falling wedge, 1.3280 in focus

GBPUSD funnels down to the break-point of a bullish chart pattern called a falling wedge.

Denis Sergienko

2021-12-09

Technical Analysis: USDCAD looks to 1.2550 on BOC day

USDCAD are sellers hopeful as they brace for the Bank of Canada (BOC) Interest Rate Decision on Wednesday.

Denis Sergienko

2021-12-08

Technical Analysis: EURUSD stays directed to 1.1150

EURUSD fails to extend the corrective pullback from yearly low beyond 20-DMA and previous support from August.

Denis Sergienko

2021-12-07

Technical Analysis: USDJPY bears need validation from 112.50

USDJPY bulls struggle to extend Friday’s bounce towards the immediate hurdle surrounding 50-DMA, near 113.45.

Denis Sergienko

2021-12-06

Technical Analysis: Gold bears eye $1,756 as market braces for US NFP

Gold prices remain below the key hurdles, namely an ascending trend line from August and a convergence of 50, 100 and 200 DMAs.

Denis Sergienko

2021-12-03

Technical Analysis: Brent oil eyes OPEC+ verdict within 200-DMA, key support envelope

Brent oil’s rebound from an ascending support line from March, energy traders stay bearish ahead of the key OPEC+ decision.

Denis Sergienko

2021-12-02

Technical Analysis: Gold sellers cheer bear cross, key support break below $1,800

Gold prices are vulnerable to further downside as sustained trading below the two-month-old support line.

Denis Sergienko

2021-12-01

Technical Analysis: GBPUSD keeps bounce off 1.3270 key support, bears in charg

GBPUSD struggles to defend 1.3270 support convergence, comprising a descending trend line from late July and 61.8% Fibonacci retracement (Fibo.) level.

Denis Sergienko

2021-11-30

Technical Analysis: EURUSD rebound stays on the cards until breaking 1.1147

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.

Denis Sergienko

2021-11-29