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Technical Analysis: Gold clears five-month-old resistance line, eyes $1965

Gold prices kick-start 2021 on a positive front while crossing a multi-day-old hurdle.

Denis Sergienko

2021-01-04

Technical Analysis: Gold clears five-month-old resistance line, eyes $1965
Technical Analysis: Gold teases monthly support line following failures to cross $1,900

Gold trades defensive despite the US dollar gauge’s (DXY) slump to the fresh low since April 2018.

Denis Sergienko

2020-12-30

Technical Analysis: Gold teases monthly support line following failures to cross $1,900
Technical Analysis: AUDUSD buyers can ignore Monday’s bearish spinning top

AUDUSD remains positive amid a risk-on mood. The pair failed to justify Trump's signing of the coronavirus (COVID-19) aid package.

Denis Sergienko

2020-12-29

Technical Analysis: AUDUSD buyers can ignore Monday’s bearish spinning top
Technical Analysis: GBPUSD bulls eye another confrontation with 1.3618/24 resistance area

GBPUSD stays above a one-week-old ascending trend line amid bullish MACD.

Denis Sergienko

2020-12-28

Technical Analysis: GBPUSD bulls eye another confrontation with 1.3618/24 resistance area
Technical Analysis: Bullish flag on weekly chart favors gold buyers

Gold prices paid a little heed to the Brexit deal announcement and the US stimulus news.

Denis Sergienko

2020-12-25

Technical Analysis: Bullish flag on weekly chart favors gold buyers
Technical Analysis: EURUSD eyes 1.2300 amid Brexit, US stimulus optimism

EURUSD is up for grabs ahead of Christmas. While the key fundamental events are yet to be announced, no major negatives are likely to erupt.

Denis Sergienko

2020-12-24

Technical Analysis: EURUSD eyes 1.2300 amid Brexit, US stimulus optimism
Technical Analysis: Brent oil battles 21-day SMA support as risks drop

Brent oil prices have been declining so far in the current week.

Denis Sergienko

2020-12-23

Technical Analysis: Brent oil battles 21-day SMA support as risks drop
Technical Analysis: Monthly rising channel, 200-SMA defend gold bulls

Gold prices fade the previous day’s bounce off 200-SMA while testing two-week-old horizontal support around $1,875/74 during early Tuesday.

Denis Sergienko

2020-12-22

Technical Analysis: Monthly rising channel, 200-SMA defend gold bulls
Technical Analysis: GBPUSD extends losses amid Brexit deadlock, new strain of covid

GBPUSD remains on the back foot on Monday amid grave concerns over Brexit and the new strain of the coronavirus (COVID-19) in the UK.

Denis Sergienko

2020-12-21

Technical Analysis: GBPUSD extends losses amid Brexit deadlock, new strain of covid
Technical Analysis: AUDUSD battles key resistance near 2.5-year top on upbeat jobs report, MYEFO

Fiscal Outlook (MYEFO) also favor AUDUSD to refresh the highest levels since June 2018.

Denis Sergienko

2020-12-17

Technical Analysis: AUDUSD battles key resistance near 2.5-year top on upbeat jobs report, MYEFO
Technical Analysis: EURUSD bulls eye break of monthly ascending triangle ahead of Fed, stimulus news

EURUSD bulls attack a two-week-old horizontal resistance around 1.2175/80.

Denis Sergienko

2020-12-16

Technical Analysis: EURUSD bulls eye break of monthly ascending triangle ahead of Fed, stimulus news
Technical Analysis: Gold portrays head-and-shoulders pattern on hourly chart

Gold keeps an eight-day-old bearish chart pattern, head-and-shoulders, intact unless it crosses the last Thursday’s peak.

Denis Sergienko

2020-12-15

Technical Analysis: Gold portrays head-and-shoulders pattern on hourly chart
Technical Analysis: GBPUSD pulls back from 100-SMA despite cautious optimism over Brexit

Weekend headlines suggesting one more week of Brexit talks offered a jump of over 100 pips to the GBPUSD at the start of Monday's trading However, the upside momentum couldn't ignore fears of a

Denis Sergienko

2020-12-14

Technical Analysis: GBPUSD pulls back from 100-SMA despite cautious optimism over Brexit
Technical Analysis: AUDUSD probes yearly resistance line on vaccine hopes

With the hopes of the coronavirus (COVID-19) vaccine getting bolstered by the US FDA panel, coupled with the record high of Australia's key exports, namely iron ore, AUDUSD is near the highest in 30

Denis Sergienko

2020-12-11

Technical Analysis: AUDUSD probes yearly resistance line on vaccine hopes
Technical Analysis: EURUSD rebounds ahead of ECB, key covid vaccine announcement

EURUSD bounces off 50-SMA in a run-up to the key ECB monetary policy meeting on early Thursday The pair also recovers ahead of the US FDA approval of Pfizer's covid vaccine, scheduled for

Denis Sergienko

2020-12-10

Technical Analysis: EURUSD rebounds ahead of ECB, key covid vaccine announcement