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Market Analysis (Page 42)

2023-07-03
USDJPY bulls seem tiring but bears need rising wedge confirmation

The USDJPY currency pair has experienced a notable reversal from its eight-month high, which has significance for the sellers.

2023-06-30
EURUSD bears have a long road ahead before taking control

EURUSD holds onto the previous week’s U-turn from a five-month-old horizontal resistance.

2023-06-29
Gold sellers are ready to break $1,900 but road to the south is rough

Gold price is likely to remain bearish but the south run is less likely to be smooth.

2023-06-28
AUDUSD bulls have tough time regaining control on Australia inflation day

AUDUSD remains on the back foot at the three-week low after posting the biggest weekly loss since August 2022 on Australia inflation day.

2023-06-27
USDCAD has more downside room as Canada inflation looms

USDCAD remains depressed at the year-to-date levels ahead of Canada inflation and US Durable Goods Orders.

2023-06-26
GBPUSD is still not for the bears

Despite posting the first weekly loss in four, the GBPUSD pair stays beyond the key supports.

2023-06-23
Gold Price gradually declines towards $1,900

Gold Price breaks a month-old bearish channel towards the south and suggests further downside past the latest three-month low surrounding $1,920.

2023-06-22
GBPUSD stays on bull’s list despite pre-BoE retreat

GBPUSD dropped in the last three consecutive days and is on the way to posting the first weekly loss in four, despite the latest rebound.

2023-06-21
EURUSD bulls are still in the game despite retreat

EURUSD pares the biggest weekly gain since early January ever since it reversed from the monthly high on Friday.

2023-06-20
AUDUSD teases sellers on breaking short-term bullish channel

AUDUSD prods three-week uptrend after RBA Minutes and PBOC rate cut impresses bearish ahead of Fed Chair Powell’s Testimony.

2023-06-19
USDCHF stays bearish as SNB week begins

USDCHF eyes another visit to the yearly low, after a two-week downtrend, as it braces for the Swiss National Bank (SNB) Interest Rate Decision.

2023-06-16
USDJPY bulls want to believe in BoJ’s defense of easy money policy

Be it the triangle breakout or the Bank of Japan (BoJ) officials’ dovish signals ahead of the monetary policy announcements.