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Technical Analysis: GBPUSD pierces 11-week-old horizontal resistance ahead of UK PMIs

With the cautious optimism surrounding Brexit and the coronavirus (COVID-19) vaccine favoring the USD weakness, GBPUSD crosses the key upside hurdle while extending the uptrend beyond 1.3315/20 key

Denis Sergienko

2020-11-23

Technical Analysis: GBPUSD pierces 11-week-old horizontal resistance ahead of UK PMIs
Technical Analysis: Brent oil sellers can look for entries only below $41.30

Although a short-term symmetrical triangle restricts Brent oil's move off-late, upbeat RSI and MSCD signals keep the commodity buyer-friendly unless breaking a confluence of 100-SMA and 18-day-old

Denis Sergienko

2020-11-20

Technical Analysis: Brent oil sellers can look for entries only below $41.30
Technical Analysis: Risk aversion, falling channel direct USDJPY sellers toward 103.00

Be it covid resurgence in the US, Europe and Japan or the 'five eyes' attacking China's Hong Kong crackdown, not to forget Brexit woes, everything weighs on the risks and drags the USDJPY

Denis Sergienko

2020-11-19

Technical Analysis: Risk aversion, falling channel direct USDJPY sellers toward 103.00
Technical Analysis: Bearish flag on 4H keeps Gold sellers hopeful below $1,900

Gold prices nurse November 09 losses while portraying a short-term ascending trend channel afterward The moves, considered together, print a bearish flag formation on the four-hour chart

Denis Sergienko

2020-11-18

Technical Analysis: Bearish flag on 4H keeps Gold sellers hopeful below $1,900
Technical Analysis: GBPUSD gears up for monthly top beyond 1.3300

With the recently increasing odds of a soft Brexit, GBPUSD extends pullback from the monthly support line, towards challenging Monday's top above 1.3200

Denis Sergienko

2020-11-17

Technical Analysis: GBPUSD gears up for monthly top beyond 1.3300
Technical Analysis: Bullish flag on 4H keeps AUDUSD buyers hopeful

Despite recently easing from the intraday high of 0.7297, AUDUSD keeps bullish flag intact Thus, pair buyers keep September's high of 0.7358 on the radar with the 0.7300 threshold acting as a

Denis Sergienko

2020-11-16

Technical Analysis: Bullish flag on 4H keeps AUDUSD buyers hopeful
Technical Analysis: EURUSD bulls look for fresh push amid risk aversion

While keeping upside moves past-200-bar SMA, amid normal RSI, EURUSD bulls suggest further upside beyond 1.1800 However, a downward sloping trend line from Tuesday, near 1.1815, offers an immediate

Denis Sergienko

2020-11-13

Technical Analysis: EURUSD bulls look for fresh push amid risk aversion
Technical Analysis: Gold struggles between 100-EMA, September low

Gold prices consolidate the heaviest drop in three months, marked on Monday, below 100-day EMA, at $1,875 now However, a horizontal line comprising September's low near $1,847 restricts the

Denis Sergienko

2020-11-12

Technical Analysis: Gold struggles between 100-EMA, September low
Technical Analysis: NZDUSD rises to 20-month high after RBNZ's FLP, LSAP

Although the Reserve Bank of New Zealand (RBNZ) offered fresh means to cheap lending, via the Funding for Lending Program (FLP), while also adding to the Large Scale Asset Purchases (LSAP), the

Denis Sergienko

2020-11-11

Technical Analysis: NZDUSD rises to 20-month high after RBNZ's FLP, LSAP
Technical Analysis: AUDUSD buyers keep 0.7340/45 horizontal resistance on radar

Despite failing to cross the 10-week-old horizontal resistance line, AUDUSD buyers keep the reins above 23.6% Fibonacci retracement of its upside from the mid-June to September-start amid the

Denis Sergienko

2020-11-10

Technical Analysis: AUDUSD buyers keep 0.7340/45 horizontal resistance on radar
Technical Analysis: GBPUSD bulls print two-month high inside short-term rising channel

GBPUSD stays positive near the highest since early-September as the US dollar gets offered amid broad risk-on mood.

Denis Sergienko

2020-11-09

Technical Analysis: GBPUSD bulls print two-month high inside short-term rising channel
Technical Analysis: USDJPY bears look to yearly low on defying falling wedge

With the US dollar's stellar weakness dragging USDJPY below the three-month bottom the previous day, bears are determined to ignore oversold RSI conditions

Denis Sergienko

2020-11-06

Technical Analysis: USDJPY bears look to yearly low on defying falling wedge
Technical Analysis: EURUSD traders have a tough road to the north ahead of Fed

Although Joe Biden's nearness to the US presidency weighs on the US dollar off-late, multiple upside barriers probe the EURUSD bulls ahead of the Federal Reserve's (Fed) monetary policy meeting

Denis Sergienko

2020-11-05

Technical Analysis: EURUSD traders have a tough road to the north ahead of Fed
Technical Analysis: Gold sellers return even as US election polls blue wave hopes

The US dollar's gains weigh on the gold amid the initial updates. In doing so, the bullion steps back from a two-month-old falling trend line.

Denis Sergienko

2020-11-04

Technical Analysis: Gold sellers return even as US election polls blue wave hopes
Technical Analysis: AUDUSD keeps pullback from 100-day EMA on RBA-led bearish move

Although RBA couldn't please bears much, despite offering a 0.15% rate cut and A$100 billion QE, AUDUSD marks fourth U-turn from 100-day EMA While global markets are closing watching over the US

Denis Sergienko

2020-11-03

Technical Analysis: AUDUSD keeps pullback from 100-day EMA on RBA-led bearish move