Technical Analysis: USDJPY bounces off seven-week-old support line to regain 107.00

Although the early-day risk-off sentiment dragged USDJPY to a three-day low, an ascending trend line from May 06 triggered the pair's bounce afterward

Technical Analysis: USDJPY bounces off seven-week-old support line to regain 107.00
Technical Analysis: Gold breaks monthly horizontal resistance to pierce $1750

While gradually extending its recovery moves from $1717.50, Gold prices cross the key horizontal resistance, around $1745, to refresh the monthly top above $1,758.40

Technical Analysis: Gold breaks monthly horizontal resistance to pierce $1750
Technical Analysis: AUDUSD drops to monthly support line amid latest consolidation

Despite stepping back from 0.6975, the monthly support line keeps the AUDUSD buyers hopeful As a result, the optimists can expect a bounce to 0.6900 ahead of witnessing an obstacle during the

Technical Analysis: AUDUSD drops to monthly support line amid latest consolidation
Technical Analysis: GBPUSD traders await BOE's action with mild losses

GBPUSD extends its pullback from Tuesday while declining to 1.2545 ahead of the bank of England's (BOE) monetary policy meeting on Thursday Although the BOE is widely anticipated to add to its bond

Technical Analysis: GBPUSD traders await BOE's action with mild losses
Technical Analysis: Brent oil about to form Head-and-Shoulders on 4-hour chart

Considering the Brent oil's U-turn from $41.17 the previous day, the energy benchmark seems to undertake the efforts to print Head-and-Shoulders bearish formation on the four-hour chart.

Technical Analysis: Brent oil about to form Head-and-Shoulders on 4-hour chart
Technical Analysis: EURUSD extends recoveries from key horizontal support ahead of Fed Chair Powell's testimony

EURUSD benefits from the market's latest optimism backed by the Federal Reserve's readiness to buy more corporate bonds and offer lending support to the non-profit organizations

Technical Analysis: EURUSD extends recoveries from key horizontal support ahead of Fed Chair Powell's testimony
Technical Analysis: USDJPY reverses from 107.45/50 resistance confluence amid risk-off sentiment

Global markets turn risk-off at the week's start as fears of the coronavirus (COVID-19) resurgence gained momentum As a result, the USDJPY pair extends pullback from a confluence of 200-bar SMA and

Technical Analysis: USDJPY reverses from 107.45/50 resistance confluence amid risk-off sentiment
Technical Analysis: GBPUSD remains weak below 200-day SMA after UK GDP

After witnessing downbeat UK data dump for April, including over 20% fall in GDP, GBPUSD remains on the back foot below the key SMA As a result, the sellers can keep targeting a 50% Fibonacci

Technical Analysis: GBPUSD remains weak below 200-day SMA after UK GDP
Technical Analysis: Multiple supports, oversold RSI question USDCHF sellers near 3-month low

USDCHF bounces off the mid-March bottom while trading around 0.9450 amid the early Thursday The pair seems to take clues from oversold RSI conditions while staying near the short-term key horizontal

Technical Analysis: Multiple supports, oversold RSI question USDCHF sellers near 3-month low
Technical Analysis: Gold prices aim for the monthly resistance line on Fed day

Gold prices seem to pick-up the bids around $1717/18 as broad US dollar weakness ahead of the US Federal Reserve monetary policy meeting favor the yellow metal.

Technical Analysis: Gold prices aim for the monthly resistance line on Fed day
Technical Analysis: AUDUSD steps back from 10-month high amid overbought RSI

With the overbought RSI restricting the fuel for the AUDUSD pair buyers, the quote recedes from the multi-day top.

Technical Analysis: AUDUSD steps back from 10-month high amid overbought RSI
Technical Analysis: Multiple upside barriers to question Brent oil's rise past-$40

Despite trading near a three-month top, Brent oil's further upside becomes doubtful amid multiple resistance and overbought RSI conditions.

Technical Analysis: Multiple upside barriers to question Brent oil's rise past-$40
Technical Analysis: USDJPY confronts key resistance amid overbought RSI on NFP day

Despite successfully trading beyond 200-day SMA, USDJPY is yet to clear the key 109.30/40 resistance area comprising March 20 low and April 06 high In addition to the strong upside barrier

Technical Analysis: USDJPY confronts key resistance amid overbought RSI on NFP day
Technical Analysis: EURUSD steps back from the key horizontal resistance on ECB day

The EURUSD pair's run-up to 12-week top fails to cross the horizontal resistance comprising tops marked on December 31, 2019, and March 16, 2020, amid overbought RSI conditions

Technical Analysis: EURUSD steps back from the key horizontal resistance on ECB day
Technical Analysis: Brent Oil confronts 100-day SMA in a run-up to 12-week top

While extending its gradual recovery from April 22, as portrayed by a six-week-old rising trend line, Brent oil probes the 100-day SMA around $39.50 during the early Wednesday.

Technical Analysis: Brent Oil confronts 100-day SMA in a run-up to 12-week top