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​Technical Analysis: USDJPY remains below two-week-old resistance line despite BOJ's dovish halt

USDJPY remains lackluster above 107.00 as US dollar weakness dims the risk-on mood. Further, the BOJ's inaction and warnings over additional economic hardships, due to the coronavirus (COVID-19), adds

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Technical Analysis: AUDUSD portrays rising wedge on four-hour chart

Despite recently bouncing off 100-bar EMA, AUDUSD remains inside a bearish chart pattern on the four-hour timeframe. Considering the pair's latest pullback, 0.7000 regains market attention. However, a

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​Technical Analysis: GBPUSD buyers eye 200-day SMA, yearly resistance line

GBPUSD bulls cheer broad US dollar weakness to attempt another confrontation with the key 1.2690/1.2700 resistance area including 200-day SMA and a falling trend line from December 2019. Considering t

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Technical Analysis: NZDUSD rises over six-month top after China data ​

NZDUSD manages to cross the key 0.6580/85 horizontal resistance that has been restricting its upside since June 09. The pair now becomes capable of attacking January 24 high of 0.6629 while aiming for

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Technical Analysis: Gold eases from 8.5-year top, short-term rising wedge in focus

Having refreshed the highest levels since November 2011, Gold prices remain pressured below $1795. The reason could be the wall of resistance around $1800 as well as an upward sloping trend line from

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