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Technical Analysis: AUDUSD breaks monthly support line after Aussie employment data

As soon as the Aussie traders knew that the recently upbeat job figures for March don't reveal the lockdown impact, the AUD/USD pair extended the previous pullback moves and slipped below the one-month-old rising trend line.

Yulya Lobanova

2020-04-16

Technical Analysis: AUDUSD breaks monthly support line after Aussie employment data
Technical Analysis: USDCAD bounces off multi-day-old support line ahead of BOC

USDCAD takes a U-turn from a one-month-old falling trend line while confronting short-term resistance on early Wednesday The pair remains on the recovery mode ahead of the Bank of Canada (BOC)

Yulya Lobanova

2020-04-15

Technical Analysis: USDCAD bounces off multi-day-old support line ahead of BOC
Technical Analysis: AUDUSD probes yearly resistance line on China trade data

Following its successful rise above the 50-day SMA, AUDUSD trades near the monthly top while also challenging the descending trend line stretched from December 31, 2019, near 0.6445 now.

Yulya Lobanova

2020-04-14

Technical Analysis: AUDUSD probes yearly resistance line on China trade data
Technical Analysis: Rising wedge, overbought RSI question Gold buyers

Although gold prices are near to the monthly top, a short-term rising wedge formation, coupled with overbought RSI conditions seems to challenge the buyers

Yulya Lobanova

2020-04-13

Technical Analysis: Rising wedge, overbought RSI question Gold buyers
Technical Analysis: WTI drops from 21-day EMA, monthly resistance line on OPEC+ disappointment

Not only lesser than expected production cuts of 20 million barrels a day to the half amid the OPEC members but no final decision over its application on OPEC+ group also weighs on the WTI off-late

Yulya Lobanova

2020-04-10

Technical Analysis: WTI drops from 21-day EMA, monthly resistance line on OPEC+ disappointment
Technical Analysis: USDJPY struggles between 200-bar SMA and 23.6% Fibonacci

Amid mixed sentiment and neutral RSI conditions, USDJPY fails to extend its break of 200-bar SMA beyond 23.6% Fibonacci retracement of the previous month's run-up

Yulya Lobanova

2020-04-09

Technical Analysis: USDJPY struggles between 200-bar SMA and 23.6% Fibonacci
Technical Analysis: GBPUSD portrays bullish flag on H4

Despite witnessing a pullback since early Wednesday, GBPUSD stays within a bullish technical chart pattern which gets confirmation on the break of 1.2375

Yulya Lobanova

2020-04-08

Technical Analysis: GBPUSD portrays bullish flag on H4
Technical Analysis: AUDUSD rises further inside ascending trend channel post-RBA

AUDUSD stretches the recovery gains beyond the monthly resistance line, now the immediate support, after the RBA matched wide market expectations of no rate change

Yulya Lobanova

2020-04-07

Technical Analysis: AUDUSD rises further inside ascending trend channel post-RBA
Technical Analysis: Gold probes monthly resistance line

Gold prices currently confront a month-old falling trend line resistance around $1618/20, a break of which will enable buyers to extend recovery gains from 50% Fibonacci retracement level towards

Yulya Lobanova

2020-04-06

Technical Analysis: Gold probes monthly resistance line
Technical Analysis: EURUSD remains weak before key US employment/PMI data

In addition to a descending trend line from March 09, the weekly falling resistance line also portrays the EURUSD pair's weakness ahead of the key US NFP and ISM Non-Manufacturing PMI data

Yulya Lobanova

2020-04-03

Technical Analysis: EURUSD remains weak before key US employment/PMI data
Technical Analysis: NZDUSD struggles between 10-day and 21-day SMAs

NZDUSD defies the previous three-day declines while bouncing off 10-day SMA on Thursday.

Yulya Lobanova

2020-04-02

Technical Analysis: NZDUSD struggles between 10-day and 21-day SMAs
Technical Analysis: WTI can refresh 18-year low as bears do not relinquish control

Having failed to stay beyond $20.00, needless to mention about the immediate resistance line, WTI remains vulnerable to refresh the 18-year low As a result, a three-week-old falling trend line near

Yulya Lobanova

2020-04-01

Technical Analysis: WTI can refresh 18-year low as bears do not relinquish control
Technical Analysis: GBPUSD pulls back from 200-bar EMA, overbought RSI signals further selling

Despite staying close to a two-week high, GBPUSD fails to clear 200-bar EMA amid, not to mention about 61.8% Fibonacci retracement of its early-month declines.

Yulya Lobanova

2020-03-30

Technical Analysis: GBPUSD pulls back from 200-bar EMA, overbought RSI signals further selling
Technical Analysis: Break of weekly support line signals return of 0.5700 for AUDUSD

With the clear break of the weekly ascending support line, AUDUSD is likely to decline towards the weekly low surrounding 0.5700.

Yulya Lobanova

2020-03-26

Technical Analysis: Break of weekly support line signals return of 0.5700 for AUDUSD
Technical Analysis: Gold buyers remain hopeful despite overbought RSI

In addition to the bullion's sustained run-up beyond 200-bar SMA, it's failure to extend the pullback below 61.8% Fibonacci retracement also keep the gold buyers hopeful despite overbought RSI.

Yulya Lobanova

2020-03-25

Technical Analysis: Gold buyers remain hopeful despite overbought RSI