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Technical Analysis (Page 25)

2023-02-22
NZDUSD bears struggle with 200-DMA on RBNZ day

NZDUSD dribbles around a seven-week low as the Reserve Bank of New Zealand (RBNZ) announced a 0.50% rate hike on Wednesday.

2023-02-21
Ascending triangle teases GBPUSD bears ahead of UK PMI

GBPUSD stays defensive inside a three-month-old ascending triangle.

2023-02-20
AUDUSD stays bearish unless crossing 0.6950

AUDUSD braces for the first monthly loss in four despite Friday’s rebound from the 61.8% Fibonacci retracement of its December 2022.

2023-02-17
Gold approaches key support surrounding $1,820

Gold approaches key support surrounding $1,820 and extends the early February fall towards 2-month-old horizontal support.

2023-02-16
AUDUSD sellers need 200-DMA breakdown to keep control

AUDUSD bounces off 50-DMA, following a retreat from the 3.5-month-old previous support line.

2023-02-15
GBPUSD recovery remains unconvincing ahead of UK inflation

GBPUSD holds onto the recovery from an early February rebound from a three-month-old ascending support line, staying beyond the 100-day EMA to lure more bids.

2023-02-14
EURUSD rebound appears shallow ahead of important EU, US data

The EURUSD pair rebounds ahead of first readings of Eurozone Q4 GDP and US CPI for January loom.

2023-02-13
USDJPY lures buyers ahead of Japan GDP, US inflation

USDJPY traders are waiting for the official release of Japan's Q4 GDP and the US Consumer Price Index.

2023-02-10
GBPUSD reverses from 200-SMA ahead of UK GDP

GBPUSD pares the early-week recovery from 78.6% Fibonacci retracement of January 06-23 upside while taking a U-turn from the 200-SMA hurdle.

2023-02-09
EURUSD sellers need to conquer 1.0670 to retake control

EURUSD fades bounce off the 10-week-old ascending support line as the weekly resistance line and the 200-SMA challenge buyers.

2023-02-08
Gold sellers need confirmation from $1,860 to keep control

Gold bears remain unconvinced as they retreat from the key support, despite pulling back the metal from a multi-month high the last month.

2023-02-07
AUDUSD has limited downside room on RBA day

Having breached a one-month-old bullish channel the last Friday, AUDUSD portrays a recovery