Market Insights

Technical Analysis: GBPUSD pierces half-yearly resistance line after BOE

With the Bank of England (BOE) holding a benchmark rate unchanged at 0.10% while announcing no change in Quantitative Easing (QE) corpus of £745 billion, GBPUSD bulls take a sigh of relief while

Denis Sergienko

2020-08-06

Technical Analysis: GBPUSD pierces half-yearly resistance line after BOE

Technical Analysis: Gold pierces $2000 to refresh all-time high, $2077 in focus

Gold bulls are unstoppable as they keep refreshing the record highs The recent one crossed $2,000 mark during the early Wednesday while flashing $2030.87 as the milestone

Denis Sergienko

2020-08-05

Technical Analysis: Gold pierces $2000 to refresh all-time high, $2077 in focus

Technical Analysis: AUDUSD keeps five-week-old supåçport line after RBA

AUDUSD manages to stay positive beyond a short-term support line despite RBA policymaker's downbeat concerns for the global economic outlook

Denis Sergienko

2020-08-04

Technical Analysis: AUDUSD keeps five-week-old supåçport line after RBA

Technical Analysis: 9-day-old ascending channel keep GBPUSD buyers hopeful

GBPUSD recedes from the highest since March However, an upward sloping trend channel from July 21 keeps the upside momentum intact As a result, bulls targeting 1.3200 remain hopeful

Denis Sergienko

2020-08-03

Technical Analysis: 9-day-old ascending channel keep GBPUSD buyers hopeful

Technical Analysis: USDCAD battles 13-day-old resistance line before Canadian GDP

USDCAD's recovery moves from 1.3330 are put on the test by a two-week-old resistance line ahead of the Canadian GDP for May.

Denis Sergienko

2020-07-31

Technical Analysis: USDCAD battles 13-day-old resistance line before Canadian GDP

Technical Analysis: AUDUSD takes a U-turn from seven-week-old resistance line

AUDUSD snaps a four-day winning streak while declining below 0.7160 during the early Thursday.

Denis Sergienko

2020-07-30

Technical Analysis: AUDUSD takes a U-turn from seven-week-old resistance line

Technical Analysis: EURUSD recedes from 22-month top on FOMC day

The market's approaching the Fed's meeting, EUR/USD grabs major attention as it eases from the multi-month top The pair stays on the front-foot but lacks the buying push off-late, signaled by the

Denis Sergienko

2020-07-29

Technical Analysis: EURUSD recedes from 22-month top on FOMC day

Technical Analysis: US dollar bears have more room to cheer below two-year low

Despite bouncing off the early-June low, US dollar index (I.USDX) stays below multi-day-old support lines, now resistance, during early Tuesday.

Denis Sergienko

2020-07-28

Technical Analysis: US dollar bears have more room to cheer below two-year low

Technical Analysis: Gold marks stellar run-up to refresh record high with $1944

While crossing the landmarks one-by-one, Gold prices refreshed record high on Monday The yellow metal takes rounds to $1932 following the rally that crossed the year 2011 top with $1944.38 level

Denis Sergienko

2020-07-27

Technical Analysis: Gold marks stellar run-up to refresh record high with $1944

Technical Analysis: GBPUSD challenges monthly rising wedge on the data-packed day

GBPUSD remains on the front foot during the early Friday.

Denis Sergienko

2020-07-24

Technical Analysis: GBPUSD challenges monthly rising wedge on the data-packed day

Technical Analysis: Gold pumps up to challenge the record high above $1900

Gold bulls seem unstoppable as the yellow metal takes the bids near the highest levels since September 2011.

Denis Sergienko

2020-07-22

Technical Analysis: Gold pumps up to challenge the record high above $1900

Technical Analysis: AUDUSD bulls are on their way to June month top near 0.7065

While paying more attention to the stimulus of 750 billion Euros, AUDUSD pays a little heed to the RBA Governor Philip Lowe's signals for the rate cut

Denis Sergienko

2020-07-21

Technical Analysis: AUDUSD bulls are on their way to June month top near 0.7065

Technical Analysis: EURUSD refreshes 19-week top even as EU summit extends

EURUSD stays on the front foot while European leaders jostle over 750 billion Euros of the stimulus plan With the latest updates suggesting the frugals' easing of bias, the major pair surged to the

Denis Sergienko

2020-07-20

Technical Analysis: EURUSD refreshes 19-week top even as EU summit extends

Technical Analysis: Brent oil again fails to cross $43.65/70 upside barrier

Price of Brent oil mark another failure to cross a three-week-old horizontal resistance on Friday The black gold currently indicates pullback towards an ascending trend line from June 12, at $42.37

Denis Sergienko

2020-07-17

Technical Analysis: Brent oil again fails to cross $43.65/70 upside barrier

Technical Analysis: EURUSD justifies Wednesday's "shooting star" ahead of the ECB

Having flashed a bearish candlestick formation the previous day, EURUSD drops below 1.1400 ahead of the key European Central Bank (ECB) monetary policy meeting

Denis Sergienko

2020-07-16