Market Insights

Technical Analysis: Brent oil buyers can ignore pullback towards monthly support line

Brent oil consolidation the early week’s oversold RSI conditions while dropping back below $78.00 on Wednesday.

Denis Sergienko

2021-09-29

Technical Analysis: USDCAD bears eye another battle with 100-day EMA

USDCAD drops to the lowest level since September 10 during the six-day downtrend on early Tuesday.

Denis Sergienko

2021-09-28

Technical Analysis: AUDUSD jumps back towards 200-SMA amid firmer sentiment

AUDUSD reverses Friday’s pullback from the key moving average while picking up bids to 0.7286 during early Monday.

Denis Sergienko

2021-09-27

Technical Analysis: EURUSD rebound fades before Fed Chairman Powell’s speech

EURUSD struggles to extend the strongest recovery in a month as anxiety over Evergrande test pair buyers ahead of a speech from Fed Chairman Jerome Powell.

Denis Sergienko

2021-09-24

Technical Analysis: GBPUSD rebound seeks validation on BOE Super Thursday

GBPUSD recovers from monthly bottom as the cable traders await Bank of England’s (BOE) Quarterly Inflation Report (QIR).

Denis Sergienko

2021-09-23

Technical Analysis: Gold heads to $1,790 key hurdle with eyes on Fed tapering

Risk-on mood helps gold extend the early-week rebound towards the key upside resistance area during early Wednesday.

Denis Sergienko

2021-09-22

Technical Analysis: NZDUSD bears rejected around 0.7000 key support

NZDUSD refreshed monthly low, before bouncing off 50-DMA during the four-day downtrend.

Denis Sergienko

2021-09-21

Technical Analysis: USDCAD bulls need validation from 1.2810 on Canada Election Day

USDCAD respects the broad US dollar strength while rising to the fresh high of the month. Also adding to the upside pressure is the Federal Elections in Canada.

Denis Sergienko

2021-09-20

Technical Analysis: Monthly rising channel defends GBPUSD bulls

GBPUSD remained far from bear’s reach despite refreshing weekly low while major currency pairs dropped notably the previous day.

Denis Sergienko

2021-09-17

Technical Analysis: Gold extends pullback from 200-DMA to attack monthly support

Gold keeps losses rolling for the second consecutive day, extending Tuesday’s U-turn from 200-DMA amid the initial European session on Thursday.

Denis Sergienko

2021-09-16

Technical Analysis: Bearish marubozu keeps AUDUSD sellers hopeful

Despite recently bouncing off a monthly low, AUDUSD remains pressured around 20-DMA during early Wednesday.

Denis Sergienko

2021-09-15

Technical Analysis: EURUSD bears need 1.1790 break to keep controls on US inflation day

EURUSD struggles to keep rebound from monthly low ahead of the key US Consumer Price Index (CPI) data for August.

Denis Sergienko

2021-09-14

Technical Analysis: Brent oil pierces 10-week-old resistance to regain $74.00

Brent oil prices jump to a one-week top while crossing a downward sloping trend line from July 06.

Denis Sergienko

2021-09-13

Technical Analysis: EURUSD bulls need 1.1840 breakout to prosper

EURUSD gains have recently been challenged by a one-week-old descending trend line near 1.1840.

Denis Sergienko

2021-09-10

Technical Analysis: Gold bears hold controls below $1,800, ECB awaited

Gold remains depressed around the lowest in two weeks as market sentiment sours ahead of the key European Central Bank (ECB) monetary policy meeting on Thursday.

Denis Sergienko

2021-09-09