Market Insights

Technical Analysis: GBPUSD bulls eye 1.3700 on crossing monthly resistance

GBPUSD stays beyond a downward sloping resistance line from January 20, now support around 1.3590.

Denis Sergienko

2022-02-18

Technical Analysis: AUDUSD eyes further gains on upbeat sentiment, Aussie employment

AUDUSD justifies its risk-barometer status, also backed by an upbeat Aussie jobs report for January, during Thursday.

Denis Sergienko

2022-02-17

Technical Analysis: Double top, RSI divergence test gold buyers above $1,800

Gold marked a stellar decline after refreshing eight-month top on Tuesday, forming a double top around $1,880.

Denis Sergienko

2022-02-16

Technical Analysis: Brent oil prices battle seven-month-old resistance line, focus on Russia

Amid escalating tensions concerning the Russian invasion of Ukraine, crude oil prices rally to a multi-month high.

Denis Sergienko

2022-02-15

Technical Analysis: EURUSD bears eye mid-1.1200s on risk-off mood, Fed rate-hike concerns

EURUSD during the last week portrayed multiple tops around 1.1480 before ending the week by resting on 200-SMA.

Denis Sergienko

2022-02-14

Technical Analysis: Impending bull cross tease GBPUSD buyers on UK GDP day

GBPUSD stays ready to reverse the month-start bearish signal, initially triggered by the 50-SMA’s break below 200-SMA.

Denis Sergienko

2022-02-11

Technical Analysis: Gold clears six-week-old hurdle ahead of US inflation data

Gold extends a fortnight-long recovery to stay comfortably beyond the 200-SMA and a horizontal area from early January.

Denis Sergienko

2022-02-10

Technical Analysis: USDCAD hovers inside fortnight-long rectangle, BOC’s Macklem eyed

USDCAD remains chopped inside a 140-pip trading range in the last two weeks, recently fading the bounce off the lower end comprising 200-SMA.

Denis Sergienko

2022-02-09

Technical Analysis: Rising wedge confirmation teases GBPUSD bears

GBPUSD bears flex muscles with eyes on Thursday’s UK Q4 GDP.

Denis Sergienko

2022-02-08

Technical Analysis: AUDUSD seller’s return eyes sub-0.7000 levels

AUDUSD marked a notable U-turn from the 50-DMA by the end of the key week.

Denis Sergienko

2022-02-07

Technical Analysis: Gold flirts with 200-DMA as markets await US NFP

Gold traders keep their eyes on the US monthly jobs report for January during early Friday.

Denis Sergienko

2022-02-04

Technical Analysis: EURUSD bulls approach key hurdles as ECB looms

EURUSD extends bounce off a 19-month low, also comprising 61.8% Fibonacci Expansion (FE) of late September 2021 to early January 2022 moves

Denis Sergienko

2022-02-03

Technical Analysis: AUDUSD bulls eye short-term hurdle amid RBA plays

AUDUSD bulls stay hopeful as the Reserve Bank of Australia (RBA) ends QE, despite posting initial losses due to rejection of the immediate rate hike concerns.

Denis Sergienko

2022-02-02

Technical Analysis: Silver remains vulnerable to further downside despite rebound

Silver prints corrective pullback around three-week low, bouncing off 78.6% Fibonacci retracement (Fibo.) of December 15 to January 20 upside.

Denis Sergienko

2022-02-01

Technical Analysis: GBPUSD bears need validation from 1.3330

A corrective pullback on Friday failed to lift GBPUSD beyond 50-DMA, not to forget a fortnight-old descending trend line.

Denis Sergienko

2022-01-31