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Technical Analysis: USDJPY signals further losses below 109.00

USDJPY’s failures to regain above 200-SMA, coupled with monthly falling channel formation, favor bears targeting an ascending support line from March 05, around 108.60. However, the yen pair&rsq

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Technical Analysis: AUDUSD crosses seven-week-old resistance line

Having breached a downward sloping trend line resistance from late February, AUDUSD takes the bids near the one-week top. Given the strong RSI and upbeat MACD, the Aussie pair is likely to stay on the

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Technical Analysis: $64.30, $65.55 become the key hurdles for Brent oil bulls

Brent oil’s gradual recovery from late March nears a five-week-old resistance line. Upbeat RSI conditions and an upward sloping support line favor oil buyers. However, sluggish MACD and 200-SMA

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Technical Analysis: EURUSD steps back from 200-SMA but 1.1810 can test the bears

EURUSD recovery from April-start couldn’t cross 200-SMA as overbought RSI triggered the currency major pair’s pullback. However, a short-term ascending trend channel could keep sellers cau

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Technical Analysis: $1,761 holds the key to Gold’s further upside

Gold refreshed six-week top the previous day but failed to cross a downward sloping trend line from January-end, not to forget 50-DMA. Given the easing bearish bias of MACD and strong RSI conditions b

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