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Market insights

2020-07-03
Technical Analysis: Brent oil takes the bids inside six-week-old rising wedge

Despite gradually extending the recovery moves from $40.00, currently around $42.60, the Brent Oil benchmark remains inside a short-term bearish chart formation

2020-07-06
Technical Analysis: USDJPY again confronts 100-day SMA amid surprise risk-on

With the global markets turning the focus away from the surge in the coronavirus (COVID-19) numbers and the US-China tension, expectations of the further monetary/fiscal support triggered risk-on

2020-07-13
Technical Analysis: GBPUSD buyers eye 200-day SMA, yearly resistance line

GBPUSD bulls cheer broad US dollar weakness to attempt another confrontation with the key 1.2690/1.2700 resistance area including 200-day SMA and a falling trend line from December 2019

2020-07-15
Technical Analysis: USDJPY remains below two-week-old resistance line despite BOJ's dovish halt

USDJPY remains lackluster above 107.00 as US dollar weakness dims the risk-on mood Further, the BOJ's inaction and warnings over additional economic hardships, due to the coronavirus (COVID-19)

2020-07-16
Technical Analysis: EURUSD justifies Wednesday's "shooting star" ahead of the ECB

Having flashed a bearish candlestick formation the previous day, EURUSD drops below 1.1400 ahead of the key European Central Bank (ECB) monetary policy meeting

2020-07-17
Technical Analysis: Brent oil again fails to cross $43.65/70 upside barrier

Price of Brent oil mark another failure to cross a three-week-old horizontal resistance on Friday The black gold currently indicates pullback towards an ascending trend line from June 12, at $42.37

2020-07-20
Technical Analysis: EURUSD refreshes 19-week top even as EU summit extends

EURUSD stays on the front foot while European leaders jostle over 750 billion Euros of the stimulus plan With the latest updates suggesting the frugals' easing of bias, the major pair surged to the

2020-07-21
Technical Analysis: AUDUSD bulls are on their way to June month top near 0.7065

While paying more attention to the stimulus of 750 billion Euros, AUDUSD pays a little heed to the RBA Governor Philip Lowe's signals for the rate cut

2020-07-27
Technical Analysis: Gold marks stellar run-up to refresh record high with $1944

While crossing the landmarks one-by-one, Gold prices refreshed record high on Monday The yellow metal takes rounds to $1932 following the rally that crossed the year 2011 top with $1944.38 level

2020-07-29
Technical Analysis: EURUSD recedes from 22-month top on FOMC day

The market's approaching the Fed's meeting, EUR/USD grabs major attention as it eases from the multi-month top The pair stays on the front-foot but lacks the buying push off-late, signaled by the

2020-08-03
Technical Analysis: 9-day-old ascending channel keep GBPUSD buyers hopeful

GBPUSD recedes from the highest since March However, an upward sloping trend channel from July 21 keeps the upside momentum intact As a result, bulls targeting 1.3200 remain hopeful

2020-08-05
Technical Analysis: Gold pierces $2000 to refresh all-time high, $2077 in focus

Gold bulls are unstoppable as they keep refreshing the record highs The recent one crossed $2,000 mark during the early Wednesday while flashing $2030.87 as the milestone