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Technical Analysis: Gold bounces off weekly support line, inside key triangle, ahead of Fed decision

Gold prices defy the previous day's pullback from the monthly resistance line while attacking $1,960 The yellow remains on the front foot as the US dollar marks mild losses ahead of the US Federal

Denis Sergienko

2020-09-16

Technical Analysis: Gold bounces off weekly support line, inside key triangle, ahead of Fed decision
Technical Analysis: USDJPY bears keep the reins despite risk-positive news from US, China

Following Beijing's extension of the tariff relief on the US goods imports, the Trump administration also reversed the previously announced ban on cotton and tomato imports from Xinjiang

Denis Sergienko

2020-09-15

Technical Analysis: USDJPY bears keep the reins despite risk-positive news from US, China
Technical Analysis: AUDUSD stays bid above 0.7250 support confluence

While extending last week's pullback from 21-day EMA, AUDUSD remains positive during the initial Monday With an ascending trend line from mid-June joining the stated short-term EMA, buyers are

Denis Sergienko

2020-09-14

Technical Analysis: AUDUSD stays bid above 0.7250 support confluence
Technical Analysis: EURUSD keeps bounces off support-turned-resistance ahead of ECB

EURUSD remains on the front foot after the previous day's pullback from one month low while waiting for the European Central Bank (ECB) monetary policy meeting decision

Denis Sergienko

2020-09-10

Technical Analysis: EURUSD keeps bounces off support-turned-resistance ahead of ECB
Technical Analysis: USDCAD probes 200-bar SMA ahead of BOC

In addition to the broad US dollar strength, mainly driven by risk-off mood, WTI's plunge offered an extra hand to the USDCAD bulls that currently attack the mid-August tops

Denis Sergienko

2020-09-09

Technical Analysis: USDCAD probes 200-bar SMA ahead of BOC
Technical Analysis: AUDUSD bulls stay hopeful unless breaking 0.7185

Although 0.7300 acts as the immediate upside cap for AUDUSD, the pair's sustained trading above 100-bar EMA favors the buyers As a result, threats to the 0.7350 and 0.7400 levels to the north stay

Denis Sergienko

2020-09-07

Technical Analysis: AUDUSD bulls stay hopeful unless breaking 0.7185
Technical Analysis: EURUSD struggles to keep bounce off 200-bar SMA on NFP day

​Tuesday's pullback from a five-week-old resistance trend line by EURUSD reversed from the key SMA on Thursday.

Denis Sergienko

2020-09-04

Technical Analysis: EURUSD struggles to keep bounce off 200-bar SMA on NFP day
Technical Analysis: Brent oil sellers attack $43.80-70 support confluence

The oil traders aren't relieved from the biggest fall in ten weeks as the Brent remains on the back foot near a key support joint.

Denis Sergienko

2020-09-03

Technical Analysis: Brent oil sellers attack $43.80-70 support confluence
Technical Analysis: NZDUSD prints gramophone at multi-month high, 0.6800 in focus

Be it the broad market optimism or the RBNZ's comments suggesting no fears from the multi-month high of the NZDUSD pair, the quote manages to cheer everything while refreshing the highest since July

Denis Sergienko

2020-09-02

Technical Analysis: NZDUSD prints gramophone at multi-month high, 0.6800 in focus
Technical Analysis: USDJPY sellers eye further declines towards 105.20

In addition to the pair's pullback from 200-bar SMA, bearish MACD also suggests the USDJPY's further weakness.

Denis Sergienko

2020-09-01

Technical Analysis: USDJPY sellers eye further declines towards 105.20
Technical Analysis: Late-2018 top lures AUDUSD bulls post-200-week SMA

Although AUDUSD recedes the from the yearly high beyond 0.7350, the pair's sustained trading beyond 200-week SMA enables the bulls to attack December 2018 top near 0.7400 during the further upside

Denis Sergienko

2020-08-31

Technical Analysis: Late-2018 top lures AUDUSD bulls post-200-week SMA
Technical Analysis: GBPUSD eyes 1.3300 key hurdle ahead of BOE Gov. Bailey's speech

GBPUSD regains upside momentum while attacking the late-December 2019 peak of 1.3284 Having slipped from the yearly high the previous day.

Denis Sergienko

2020-08-28

Technical Analysis: GBPUSD eyes 1.3300 key hurdle ahead of BOE Gov. Bailey's speech
Technical Analysis: Gold trades near the key levels as Jackson Hole Symposium begins

With global markets waiting for Fed Chair Jerome Powell's power-play, up for publishing at 14:00 GMT, gold prices ease from short-term resistance line.

Denis Sergienko

2020-08-27

Technical Analysis: Gold trades near the key levels as Jackson Hole Symposium begins
Technical Analysis: 100-bar EMA questions Silver sellers inside short-term triangle

Although lower high formation keeps the Silver bears hopeful, a one-month-old triangle and 100-bar EMA probe the downside bias Among them, $26.25 becomes the immediate level, comprising the key EMA

Denis Sergienko

2020-08-26

Technical Analysis: 100-bar EMA questions Silver sellers inside short-term triangle
Technical Analysis: Brent oil pierces monthly resistance line, focus on $46.00

While keeping the recovery moves from 21-day SMA, Brent Oil prices cross a short-term falling trend line extended from August 05.

Denis Sergienko

2020-08-25

Technical Analysis: Brent oil pierces monthly resistance line, focus on $46.00