Technical Analysis: GBPUSD bears turning pale inside falling wedge, 1.3280 in focus

GBPUSD funnels down to the break-point of a bullish chart pattern called a falling wedge.

Technical Analysis: USDCAD looks to 1.2550 on BOC day

USDCAD are sellers hopeful as they brace for the Bank of Canada (BOC) Interest Rate Decision on Wednesday.

Technical Analysis: EURUSD stays directed to 1.1150

EURUSD fails to extend the corrective pullback from yearly low beyond 20-DMA and previous support from August.

Technical Analysis: USDJPY bears need validation from 112.50

USDJPY bulls struggle to extend Friday’s bounce towards the immediate hurdle surrounding 50-DMA, near 113.45.

Technical Analysis: Gold bears eye $1,756 as market braces for US NFP

Gold prices remain below the key hurdles, namely an ascending trend line from August and a convergence of 50, 100 and 200 DMAs.

Technical Analysis: Brent oil eyes OPEC+ verdict within 200-DMA, key support envelope

Brent oil’s rebound from an ascending support line from March, energy traders stay bearish ahead of the key OPEC+ decision.

Technical Analysis: Gold sellers cheer bear cross, key support break below $1,800

Gold prices are vulnerable to further downside as sustained trading below the two-month-old support line.

Technical Analysis: GBPUSD keeps bounce off 1.3270 key support, bears in charg

GBPUSD struggles to defend 1.3270 support convergence, comprising a descending trend line from late July and 61.8% Fibonacci retracement (Fibo.) level.

Technical Analysis: EURUSD rebound stays on the cards until breaking 1.1147

EURUSD bears keep reins around the yearly, the odds of a corrective pullback can’t be ruled out considering the quote’s ability to stay beyond a three-week-old resistance line.

Technical Analysis: Silver stays en route $23.00

Silver comes with a sustained trading below the 200-SMA and a two-month-old support line hints at the commodity’s weakness.

Technical Analysis: Gold buyers battle 200-DMA at three-week low

Gold extends the previous day’s bounce off an ascending support line from August towards 200-DMA amid a sluggish Asian session on Thursday.

Technical Analysis: EURUSD inches closer to 1.1160-40 support area

EURUSD bears are hopeful to visit a 20-pip horizontal region comprising March 2020 peak and June 2020 trough.

Technical Analysis: Brent oil fades bounce off 100-day EMA

Brent oil’s bounce off a two-month low the previous day, the black gold remains pressured towards re-testing the 100-day EMA level.

Technical Analysis: Gold sellers need validation from $1,834

Gold’s pullback from the yearly resistance gains supports from RSI retreat, suggesting further weakness in prices.

Technical Analysis: Rising wedge teases GBPUSD sellers before UK Retail Sales

GBPUSD’s gradual rebound from the yearly low is at test ahead of the UK Retail Sales as the pair portrays a bearish chart pattern.