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Technical Analysis: GBPUSD extends losses amid Brexit deadlock, new strain of covid

GBPUSD remains on the back foot on Monday amid grave concerns over Brexit and the new strain of the coronavirus (COVID-19) in the UK. While the EU-UK policymakers failed to overcome differences over f

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Technical Analysis: AUDUSD battles key resistance near 2.5-year top on upbeat jobs report, MYEFO

Not only a surprise beat of Aussie Unemployment Rate, from 7.0% to 6.8%, but welcome forecasts by the Treasury, in the Mid-Year Economic and Fiscal Outlook (MYEFO) also favor AUDUSD to refresh the hig

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Technical Analysis: EURUSD bulls eye break of monthly ascending triangle ahead of Fed, stimulus news

With the hopes of US coronavirus (COVID-19) stimulus getting stronger ahead of the key Federal Reserve meeting, EURUSD bulls attack a two-week-old horizontal resistance around 1.2175/80. While an asce

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Technical Analysis: Gold portrays head-and-shoulders pattern on hourly chart

Despite the latest corrective pullback, gold keeps an eight-day-old bearish chart pattern, head-and-shoulders, intact unless it crosses the last Thursday’s peak surrounding $1,850. More immediat

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​Technical Analysis: GBPUSD pulls back from 100-SMA despite cautious optimism over Brexit

Weekend headlines suggesting one more week of Brexit talks offered a jump of over 100 pips to the GBPUSD at the start of Monday's trading. However, the upside momentum couldn't ignore fears of a no-de

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