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Technical Analysis (Page 15)

2023-07-21
EURUSD bulls are still in the game as markets await Fed, ECB play

EURUSD remains on the buyer’s radar despite the latest retreat as the key event remain on the docket to shake the markets next week.

2023-07-20
AUDUSD reverses before 0.6680 key support on impressive Aussie data

AUDUSD remains on the front foot while printing the first daily gains in five after strong Australian employment data.

2023-07-19
UK inflation and 1.3170 need to vouch for GBPUSD bulls

GBPUSD extends pullback from a 15-month high, marked the last week, as it awaits the UK’s headline inflation data for June.

2023-07-18
Gold price pullback remains unimpressive beyond $1,900

Gold price reverses the previous week’s retreat from an eight-week-old descending resistance line, grinding higher past the 100-bar Exponential Moving Average (EMA).

2023-07-17
USDJPY rebound appears overdue

USDJPY dropped in the last two consecutive weeks but ended Friday on a positive note.

2023-07-14
EURUSD bulls have multiple challenges in keeping the reins

Pullback moves remain elusive unless the EURUSD remains firmer past the previous resistance line from February, near 1.1180.

2023-07-13
Gold buyers appear well-set to visit $1,985 hurdle

Gold price rises to the highest level in a month after crossing a convergence of the 200-SMA and a six-week-old descending trend line.

2023-07-12
NZDUSD crosses 200-EMA within bearish channel despite RBNZ inaction

NZDUSD jumps to a three-week high while piercing the 200-EMA.

2023-07-11
GBPUSD renews multi-month high near 1.2900

GBPUSD printed the first weekly gain in three after the US Dollar’s fall post-NFP.

2023-07-10
AUDUSD retreats from 0.6700 as China inflation eases

AUDUSD’s previous weekly gain appears a one-off affair unless the US inflation signals keep softening.

2023-07-07
Gold sellers must break $1,895 to show dominance on NFP day

Gold price again hits the key support around $1,895 comprising the 200-EMA and an upward-sloping trend line from late November 2022.

2023-07-06
GBPUSD recovery appears elusive below 1.2850

GBPUSD defends the last Thursday’s rebound from the 200-EMA to brace for the first weekly gain in three.