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Technical Analysis (Page 16)

2023-08-03
GBPUSD signals further downside on BoE Day

A daily closing beneath the 1.2720 support confluence, now resistance, teases the GBPUSD bears as Bank of England (BoE) policymakers brace for another interest rate hike.

2023-08-02
NZDUSD challenges two-month-long bullish trend

NZDUSD slides beneath a two-month-old rising support line as New Zealand released mixed second-quarter (Q2) employment data.

2023-08-01
AUDUSD has a long way to go before convincing bulls

AUDUSD fades bounce off a three-week low while poking a two-month-old rising support line on the Reserve Bank of Australia (RBA) Interest Rate Decision Day.

2023-07-31
EURUSD tests sellers by bouncing off 1.0970 support

EURUSD signals a corrective bounce but the bullish trend remains elusive unless the quote remains below 50-SMA.

2023-07-28
USDJPY breaks immediate support despite BoJ inaction

USDJPY appears well-set to reverse the previous weekly gains as it reverses from a three-week-old descending resistance line surrounding 141.00.

2023-07-27
Gold buyers still occupy driver’s seat after Fed, eyes on ECB now

Gold price remains bullish as markets brace for the European Central Bank (ECB) monetary policy meeting despite the Fed-inflicted volatility.

2023-07-26
AUDUSD portrays bearish triangle on Australia inflation, Fed decision day

AUDUSD fades bounce off 200-EMA, reversing from a one-week-old falling resistance line, as Australian inflation happened.

2023-07-25
EURUSD bears have further downside to track, focus on 1.100

EURUSD stays on the back foot ever since it reversed from a multi-month high the last week, despite the latest corrective bounce.

2023-07-24
GBPUSD sellers should keep eyes on 1.2760 and UK PMI

GBPUSD marked the first weekly loss in three while slipping beneath the 100-SMA and an upward-sloping support trend line stretched from late June.

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.