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Technical Analysis: Monthly resistance line probes Brent oil's recovery above $40.00

Despite bouncing off the fortnight low, Brent oil prices are yet to clear a falling trend line from August 31, at $42.10 now While the MACD and RSI are both suggesting a further recovery in the

Denis Sergienko

2020-10-01

Technical Analysis: Monthly resistance line probes Brent oil's recovery above $40.00
Technical Analysis: USDJPY reverses from key SMA on US election debate

Although the US presidential election debate came out as more of a disappointment, Donald Trump's warning of a delay in the result triggered a rush for risk-safety afterward

Denis Sergienko

2020-09-30

Technical Analysis: USDJPY reverses from key SMA on US election debate
Technical Analysis: GBPUSD bulls stay chained ahead of the key Brexit talks

GBPUSD bears away, 100-bar SMA and a falling trend line from September 10, respectively around 1.2890 and 1.2960, restrict the cable's near-term upside.

Denis Sergienko

2020-09-29

Technical Analysis: GBPUSD bulls stay chained ahead of the key Brexit talks
Technical Analysis: Strong support confluence around $1,850/45 probe Gold bears

Gold prices keep Friday's losses while taking rounds to $1,855 during the early Monday Although clear trading below August month's low of $1,862.88 keeps the sellers hopeful, a confluence of 100-day

Denis Sergienko

2020-09-28

Technical Analysis: Strong support confluence around $1,850/45 probe Gold bears
Technical Analysis: EURUSD sellers are up for a big move downwards to sub-1.1550 area

Despite declining for the last three consecutive days to refresh two-month low, EURUSD bears are yet to enjoy as a sustained break of a six-month-old ascending trend line and 50-day EMA suggest the

Denis Sergienko

2020-09-23

Technical Analysis: EURUSD sellers are up for a big move downwards to sub-1.1550 area
Technical Analysis: AUDUSD bears cheer risk-off mood below 0.7230/35 resistance confluence

AUDUSD's bounces off 61.8% Fibonacci retracement, amid oversold RSI conditions, failed to cross the previous support line, which in turn keeps the sellers hopeful around 0.7215 during the early

Denis Sergienko

2020-09-22

Technical Analysis: AUDUSD bears cheer risk-off mood below 0.7230/35 resistance confluence
Technical Analysis: NZDUSD bulls flexing muscle above 21-day SMA

Having already refreshed the multi-month peak on Friday, NZDUSD bulls keep the reins while extending its run-up beyond the 21-day SMA Although RSI conditions offer a bumpy road ahead, traders are

Denis Sergienko

2020-09-21

Technical Analysis: NZDUSD bulls flexing muscle above 21-day SMA
Technical Analysis: 50-day SMA probes Brent oil bulls targeting $46.00

In case where the Brent oil prices remain weak past-$39.00, the 23.6% Fibonacci retracement level of $38.78 will be important.

Denis Sergienko

2020-09-18

Technical Analysis: 50-day SMA probes Brent oil bulls targeting $46.00
Technical Analysis: GBPUSD pulls back from 10-day SMA ahead of BOE

While Friday's Doji pleased GBPUSD bulls so far, 10-day SMA triggered a corrective pullback ahead of the Bank of England's (BOE) monetary policy decision on Thursday

Denis Sergienko

2020-09-17

Technical Analysis: GBPUSD pulls back from 10-day SMA ahead of BOE
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