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Technical Analysis: 100-bar SMA questions AUDUSD bulls

AUDUSD bulls shouldn't be cheering the pair's bounce off monthly support line even as market sentiment remains broadly upbeat. The reason is the pair's refrain from breaking 100-bar SMA, at 0.7175 now

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​Technical Analysis: EURUSD seesaws around 6-week-old support line on the PMI day

EURUSD portrays the second day of upside momentum following its U-turn from 1.1965. Even so, traders remain cautious ahead of the key preliminary PMI numbers from Eurozone and the US. As a result, it'

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Technical Analysis: USDJPY bears keep the reins despite Wednesday’s run-up

Not only failure to cross 21-day EMA but a sustained trading below the key Fibonacciretracement levels and a seven-week-old falling trend line keeps USDJPY bears hopeful. Asa result, 105.30-25 grabs t

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​Technical Analysis: GBPUSD directs pullback from resistance-turned-support towards yearly high

With the UK CPI flashing better-than-forecast figures, GBPUSD keeps attacking the yearly top surrounding 1.3265. Other than upbeat data, the pair's bounce off an ascending trend line from April 14 add

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​Technical Analysis: Bullish Pennant on 4-hour keeps Brent Oil buyers hopeful

Although repeated failures to cross a two-week-old resistance line disappoint energy buyers, a bullish chart pattern beyond the key SMAs keeps the Brent bulls hopeful. The bullish pennant gets confirm

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