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Technical Analysis: Bumpy road for GBPUSD sellers ahead of 1.2865

Despite Brexit optimism, GBPUSD fails to defy the weakness portrayed from October 21 as the second lockdown in England rekindles fears of a double-dip recession

Denis Sergienko

2020-11-02

Technical Analysis: Bumpy road for GBPUSD sellers ahead of 1.2865
Technical Analysis: Brent breaks seven-week-old trend line to high June lows for oil bears

Brent oil prices recently conquered the key support line to confirm near-term bearish momentum.

Denis Sergienko

2020-10-30

Technical Analysis: Brent breaks seven-week-old trend line to high June lows for oil bears
Technical Analysis: EURUSD flirts with monthly support line on ECB day

EURUSD is yet to conquer an ascending trend line from September 25 as it faces key events like the US GDP and the ECB.

Denis Sergienko

2020-10-29

Technical Analysis: EURUSD flirts with monthly support line on ECB day
Technical Analysis: 200-candle SMA probes USDCAD bulls banking on BPC formation

USDCAD bulls need to defy the pullback (P) from 200-bar SMA to justify the latest bounce off resistance-turned-support, continuation (C) point.

Denis Sergienko

2020-10-28

Technical Analysis: 200-candle SMA probes USDCAD bulls banking on BPC formation
Technical Analysis: AUDUSD bulls battle key upside hurdle with diminishing strength

AUDUSD keeps its bounce off 100-day EMA, not to forget a one-month-old ascending trend line, amid normal RSI conditions However, a confluence of 21-day and 50-day EMA, followed by a descending

Denis Sergienko

2020-10-27

Technical Analysis: AUDUSD bulls battle key upside hurdle with diminishing strength
Technical Analysis: GBPUSD entertain intraday bears on key data release

Having reversed from 61.8% Fibonacci retracement on Wednesday, GBPUSD remains on the back foot as the US dollar recovers losses The declines, despite being smaller, ignore upbeat UK Retail Sales and

Denis Sergienko

2020-10-23

Technical Analysis: GBPUSD entertain intraday bears on key data release
Technical Analysis: USDJPY retraces the heaviest drop in two months

USDJPY prints mild gains while bouncing off a four-week low. However, the bulls have miles to go with the 50-day SMA level of 105.65

Denis Sergienko

2020-10-22

Technical Analysis: USDJPY retraces the heaviest drop in two months
Technical Analysis: Two-month-old resistance line probes Gold bulls around $1925

​Although the upside break of 200-bar SMA keeps the gold buyers happy near a one-week high, the easing of RSI may play its role to trigger the quote's pull

Denis Sergienko

2020-10-21

Technical Analysis: Two-month-old resistance line probes Gold bulls around $1925
Technical Analysis: AUDUSD prints Head-and-Shoulders on H4

AUDUSD refreshes three-week low while declining to 0.7040 on Tuesday The pair forms a Head-and-Shoulders bearish chart pattern on the four-hour play (H4) with the quote currently testing the

Denis Sergienko

2020-10-20

Technical Analysis: AUDUSD prints Head-and-Shoulders on H4
Technical Analysis: Silver sellers look for entry below monthly support line

Although bearish MACD and sustained trading below 200-bar SMA keep silver sellers hopeful, an upward sloping trend line from September 24, at $23.96 now, probe the bears' entry

Denis Sergienko

2020-10-19

Technical Analysis: Silver sellers look for entry below monthly support line
Technical Analysis: GBPUSD drops to 21-day SMA as Brexit talks dwindle

Although the European Union (EU) and the UK didn't leave the table on the expire of the previously cheered October 15 deadline for the Brexit talks, GBPUSD remains sluggish ahead of UK PM Johnson's

Denis Sergienko

2020-10-16

Technical Analysis: GBPUSD drops to 21-day SMA as Brexit talks dwindle
Technical Analysis: EURUSD struggle for traction above 1.1700 as EU summit begins

EURUSD remains mildly positive above 50-day EMA, which in turn propels the quote towards a five-week-old falling trend line, at 1.1810 now.

Denis Sergienko

2020-10-15

Technical Analysis: EURUSD struggle for traction above 1.1700 as EU summit begins
Technical Analysis: AUDUSD recovers from 13-day-old support line, eyes Aussie jobs report

Although 200-bar SMA restricts immediate AUDUSD upside, the pair's ability to keep an ascending trend line from September 25, not to forget staying beyond 100-bar SMA, favors the bulls

Denis Sergienko

2020-10-14

Technical Analysis: AUDUSD recovers from 13-day-old support line, eyes Aussie jobs report
Technical Analysis: USDJPY bears to remain hopeful below 105.65/70

In addition to the USDJPY pair's sustained trading below a three-week-old support line, now resistance, as well as 200-bar SMA, the quote's inability to cross 100-bar SMA and bearish MACD also favor

Denis Sergienko

2020-10-13

Technical Analysis: USDJPY bears to remain hopeful below 105.65/70
Technical Analysis: 50-day SMA probes gold buyers cheering trendline break

Gold buyers are approaching the mid-September tops near $1,973/74, 50-day SMA challenges the bulls around $1,939.

Denis Sergienko

2020-10-12

Technical Analysis: 50-day SMA probes gold buyers cheering trendline break