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Technical Analysis: Brent Oil confronts 100-day SMA in a run-up to 12-week top

While extending its gradual recovery from April 22, as portrayed by a six-week-old rising trend line, Brent oil probes the 100-day SMA around $39.50 during the early Wednesday. The oil benchmark may n

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Technical Analysis: AUDUSD eases from 7-week-old resistance line

With the RBA's status-quo failing to propel the AUDUSD beyond late-January tops, a short-term rising trend line seems to trigger the pullback moves amid overbought RSI conditions. However, March month

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​Technical Analysis: GBPUSD clears three-month-old resistance to pierce 1.2400

Having breached a downward sloping trend line from early-March, GBPUSD rises to three-week high above 1.2400. Considering the ability to cross key resistance line, now support, the buyers are currentl

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Technical Analysis: Gold probes short-term resistance line on a key day

With US President Donald Trump set to address a press conference on China, at 18:00 GMT on Friday, safe-havens gained bid on early Friday. Though, gold prices need to justify their strength by crossin

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Technical Analysis: EURUSD probes 200-day EMA ahead of key US data

Despite trading near the highest in eight weeks, EURUSD is yet to cross 200-day EMA on a daily closing basis. In addition to the key EMA, currently near 1.1020, US GDP, Durable Goods Orders and Weekly

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