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​Technical Analysis: USD/JPY funneling down to the short-term triangle breakout

USD/JPY nears the break of the symmetrical triangle on a key day comprising US Jobless Claims, PMIs and House voting on a $484 billion aid package. Considering the normal conditions of RSI as well as

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​Technical Analysis: Gold bounces off 21-day EMA, but stays below near-term key resistance

Gold prices fail to extend the bounce off 21-day EMA as a horizontal area since March 09, around $1,702/07 restricts the bullion's immediate upside amid broad US dollar strength. As a result, another

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Technical Analysis: No mercy of WTI traders despite oversold RSI

Although WTI recovers Monday's losses, the energy benchmark still stays below the monthly resistance line, which in-turn portrays the bears' dominance over the oil prices. However, $10.00 is likely an

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Technical Analysis: 1.2310/05 stays on GBPUSD sellers' watch list

Not only repeated failures to cross 61.8% Fibonacci retracement of January-March downside but the inability to rise-past 200-day SMA also speaks largely for the GBPUSD pair sellers. As a result, a con

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Technical Analysis: EURUSD remains below support-turned-resistance

The EURUSD pair's bounce off 1.0816 fails to cross the previous support line, at 1.0885 now, which in turn portrays the underlying weakness in momentum. Hence, the quote's further downside towards the

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